Bank of New York Mellon Corp Raises Holdings in Starbucks Corporation $SBUX

Bank of New York Mellon Corp boosted its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 3.4% in the 4th quarter, HoldingsChannel reports. The fund owned 8,138,132 shares of the coffee company’s stock after buying an additional 263,903 shares during the quarter. Bank of New York Mellon Corp’s holdings in Starbucks were worth $685,312,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Collier Financial purchased a new stake in Starbucks during the 3rd quarter valued at about $25,000. Rachor Investment Advisory Services LLC purchased a new stake in Starbucks during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd purchased a new stake in Starbucks in the 3rd quarter worth approximately $26,000. Entrust Financial LLC purchased a new stake in Starbucks in the 4th quarter worth approximately $26,000. Finally, Tucker Asset Management LLC purchased a new stake in Starbucks in the 4th quarter worth approximately $27,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Starbucks

In related news, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the executive vice president owned 57,653 shares of the company’s stock, valued at $6,053,565. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the transaction, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at approximately $8,548,198.79. This trade represents a 2.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,046 shares of company stock valued at $708,911 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $95.89 on Thursday. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $108.88. The firm has a market capitalization of $109.29 billion, a P/E ratio of 72.64, a P/E/G ratio of 1.88 and a beta of 0.98. The stock has a 50 day moving average price of $99.15 and a 200-day moving average price of $94.03.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the prior year, the company earned $0.41 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts forecast that Starbucks Corporation will post 2.42 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 2.6%. Starbucks’s dividend payout ratio is currently 187.88%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SBUX. The Goldman Sachs Group cut Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. Stephens began coverage on Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating for the company. BTIG Research cut Starbucks from a “buy” rating to a “neutral” rating in a report on Thursday, May 14th. Stifel Nicolaus set a $117.00 price objective on Starbucks and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $110.00 price objective on shares of Starbucks in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.48.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks has fallen sharply in recent weeks, which has pushed the stock into oversold territory; that can sometimes set up a rebound if selling pressure fades. Wall Street analysts are also raising earnings estimates, adding to the case for a trend reversal. After Plunging 9.0% in 4 Weeks, Here’s Why the Trend Might Reverse for Starbucks (SBUX)
• Positive Sentiment: Analysts and market commentary remain generally constructive, citing strong institutional ownership, a consensus price target above the current trading level, and the idea that Starbucks’ turnaround has already produced an earnings beat. Starbucks Stock (NASDAQ:SBUX) Rises Along With Nostalgic Menu Concerns
• Positive Sentiment: Starbucks is leaning into nostalgia-driven menu changes, including the return of fan favorites, as part of its “Back to Starbucks” strategy to strengthen customer loyalty and traffic. How Starbucks plans to boost the afternoon business
• Neutral Sentiment: The company announced CEO Brian Niccol will speak at Evercore’s Consumer and Retail Conference on June 9, which is mainly an investor-relations update unless management offers new strategic details. Starbucks to Participate in the 6th Annual Evercore Consumer and Retail Conference
• Neutral Sentiment: Broader coverage comparing Starbucks with other consumer stocks suggests the shares have held up better than much of the industry over the past year, but this is more of a relative-performance note than a direct catalyst. How Is Starbucks’ Stock Performance Compared to Other Consumer Discretionary Stocks?
• Negative Sentiment: One consumer-retail article warns that over-expansion can hurt retailers, a theme that could matter for Starbucks if investors worry about store density or slowing returns from growth. Too Close for Comfort: How Over-Expansion Is Hurting Major Retailers

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.