Chevy Chase Trust Holdings LLC Sells 21,199 Shares of Starbucks Corporation $SBUX

Chevy Chase Trust Holdings LLC cut its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 592,870 shares of the coffee company’s stock after selling 21,199 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Starbucks worth $50,157,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SBUX. Transce3nd LLC raised its stake in shares of Starbucks by 270.3% during the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Collier Financial bought a new position in shares of Starbucks in the third quarter valued at $25,000. Y.D. More Investments Ltd acquired a new position in Starbucks during the third quarter worth $26,000. MTM Investment Management LLC acquired a new position in Starbucks during the second quarter worth $28,000. Finally, Kelleher Financial Advisors bought a new stake in Starbucks during the third quarter worth $27,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Price Performance

SBUX stock opened at $99.15 on Monday. Starbucks Corporation has a one year low of $75.50 and a one year high of $104.82. The stock has a market cap of $112.96 billion, a price-to-earnings ratio of 81.94, a price-to-earnings-growth ratio of 2.21 and a beta of 0.93. The company has a fifty day moving average price of $95.28 and a two-hundred day moving average price of $88.32.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.03). The company had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. Starbucks’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Turnaround momentum: analysts and some prominent investors are calling Starbucks a recovery story after recent operational changes and a more generous rewards program that appears to be boosting demand. Josh Brown names SBUX a top stock
• Positive Sentiment: Customer loyalty actions: Starbucks revamped its rewards program to drive frequency and AUV recovery — a potential tailwind for same‑store sales if sustained. Rewards program update
• Neutral Sentiment: Corporate and governance items: the company will webcast its March 25 annual meeting (forum for investor questions), and the CEO made small disclosed stock sales (minor ownership reduction). These are informational but not immediate operational catalysts. Annual meeting webcast SEC Form 4
• Negative Sentiment: Proxy‑advisor warnings: two proxy advisory firms flagged that Starbucks may be under‑estimating the financial and reputational risks from persistent labor disputes — a governance red flag that can pressure the stock and complicate investor support. Reuters: proxy firms warn Starbucks Seeking Alpha: proxy firms warn
• Negative Sentiment: Union restarts and contract push: Starbucks Workers United submitted a detailed contract proposal seeking a $17 minimum start wage and 4% annual raises and is seeking to reopen bargaining — this raises the prospect of higher labor costs and renewed store‑level disruption. Yahoo Finance: union contract proposal CNBC: details of baristas’ asks
• Negative Sentiment: Market reaction and analyst caution: coverage notes the union trying to restart talks and some firms moving to more cautious stances — near‑term investor anxiety over labor negotiations is weighing on the stock. TipRanks: union talks pressure stock WSJ: union seeks to reopen negotiations
• Negative Sentiment: PR/governance noise: founder Howard Schultz’s relocation and related publicity about state tax policy add incremental governance/PR distraction during sensitive labor negotiations. Financial Post: Schultz relocation coverage

Insider Activity

In other news, EVP Sara Kelly sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total transaction of $242,800.00. Following the completion of the sale, the executive vice president owned 59,609 shares in the company, valued at $5,789,226.08. The trade was a 4.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brady Brewer sold 1,641 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $159,373.92. Following the completion of the transaction, the chief executive officer directly owned 86,605 shares in the company, valued at $8,411,077.60. The trade was a 1.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 4,729 shares of company stock worth $460,974. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Bank of America set a $114.00 price target on shares of Starbucks in a research note on Wednesday, January 21st. BMO Capital Markets restated an “outperform” rating and set a $120.00 price objective on shares of Starbucks in a research note on Friday, January 30th. TD Cowen reaffirmed a “hold” rating and issued a $89.00 target price (up from $84.00) on shares of Starbucks in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Starbucks in a research note on Monday, December 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.22.

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.