Moors & Cabot Inc. Sells 6,707 Shares of Starbucks Corporation $SBUX

Moors & Cabot Inc. lowered its position in Starbucks Corporation (NASDAQ:SBUX) by 40.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,903 shares of the coffee company’s stock after selling 6,707 shares during the period. Moors & Cabot Inc.’s holdings in Starbucks were worth $834,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Providence Capital Advisors LLC bought a new position in shares of Starbucks during the 3rd quarter valued at about $6,099,000. Vanguard Group Inc. boosted its holdings in shares of Starbucks by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after purchasing an additional 577,279 shares during the last quarter. Lantz Financial LLC boosted its holdings in shares of Starbucks by 346.6% during the 3rd quarter. Lantz Financial LLC now owns 17,833 shares of the coffee company’s stock valued at $1,509,000 after purchasing an additional 13,840 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Starbucks by 10.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,241,131 shares of the coffee company’s stock valued at $358,800,000 after purchasing an additional 405,331 shares during the last quarter. Finally, Compass Wealth Management LLC boosted its holdings in shares of Starbucks by 33.5% during the 3rd quarter. Compass Wealth Management LLC now owns 79,193 shares of the coffee company’s stock valued at $6,700,000 after purchasing an additional 19,877 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $99.16 on Monday. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $108.88. The company has a 50-day moving average price of $99.03 and a 200 day moving average price of $93.83. The company has a market cap of $113.01 billion, a price-to-earnings ratio of 75.12, a PEG ratio of 1.95 and a beta of 0.98.

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

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Starbucks’s dividend payout ratio is 187.88%.

Insider Transactions at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the sale, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at $8,548,198.79. This represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 57,653 shares in the company, valued at $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,187 shares of company stock worth $1,111,085 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SBUX shares. Citigroup increased their price objective on shares of Starbucks from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Dbs Bank raised shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a report on Friday, March 20th. Stephens assumed coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating for the company. Royal Bank Of Canada downgraded shares of Starbucks from a “sector perform” rating to a “positive” rating in a report on Thursday, May 14th. Finally, Citizens Jmp assumed coverage on shares of Starbucks in a report on Monday, March 30th. They issued an “underperform” rating and a $84.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.48.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks said afternoon traffic is rising after its strategy shift, with visits after 2 p.m. improving as the company pushes new products and efforts to bring customers back into stores. Starbucks says afternoon traffic is rising as turnaround starts to take hold
• Positive Sentiment: Another report echoed the improving traffic trend, suggesting Starbucks’ turnaround plan may be starting to lift demand during traditionally slower afternoon hours. Starbucks sees a lift in afternoon traffic after a strategy shift
• Positive Sentiment: Starbucks received a Zacks Strong Buy income-stock mention, which may help reinforce the bullish view that the stock remains attractive to some investors. Best Income Stocks to Buy for May 28th
• Neutral Sentiment: Alsea launched the first Starbucks Smart Lounge in Chile, expanding the brand’s footprint and adding a work-and-meeting format that could support future international growth. Alsea launches first Starbucks Smart Lounge in Chile
• Neutral Sentiment: Starbucks’ presentation at Bernstein’s Strategic Decisions Conference likely kept investors focused on management’s turnaround messaging, but it did not introduce a clearly new catalyst. Starbucks Corporation (SBUX) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Negative Sentiment: Reports that Starbucks quietly retired an AI inventory agent after it miscounted stock and slowed baristas may raise questions about the effectiveness of some of its operational technology investments. Starbucks quietly retired its AI agent just months after deployment after it hallucinated coffee shop inventories and slowed down baristas
• Negative Sentiment: Separate coverage on South Korea highlighted a sales drop and backlash tied to a marketing controversy, underscoring ongoing brand and international execution risks. Starbucks Suffers Significant Drop in Sales in South Korea
• Negative Sentiment: Another article said Starbucks’ South Korea backlash is testing international growth and governance controls, which could keep pressure on sentiment if the issue spreads or worsens. Starbucks South Korea Backlash Tests International Growth And Governance Controls

About Starbucks

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.