Meyer Handelman Co. Trims Stock Holdings in Starbucks Corporation $SBUX

Meyer Handelman Co. cut its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,873 shares of the coffee company’s stock after selling 6,150 shares during the period. Meyer Handelman Co.’s holdings in Starbucks were worth $6,726,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Transce3nd LLC raised its position in Starbucks by 270.3% in the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. Collier Financial purchased a new position in Starbucks during the 3rd quarter worth $25,000. Y.D. More Investments Ltd purchased a new position in Starbucks during the 3rd quarter worth $26,000. JPL Wealth Management LLC acquired a new position in Starbucks in the third quarter valued at $27,000. Finally, Kelleher Financial Advisors acquired a new position in Starbucks in the third quarter valued at $27,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Investors re‑elected Starbucks’ full board, rejecting a labor‑backed challenge — a win for management continuity and de‑risking near‑term governance uncertainty. Starbucks investors reelect full board, rejecting labor-backed challenge
• Positive Sentiment: CEO and management say the turnaround is showing results in store experience and operational metrics, reinforcing the case that recent initiatives are working. Starbucks Says The Turnaround Is Showing Up
• Positive Sentiment: Shareholders approved governance changes (including simpler majority voting), which reduces shareholder‑action uncertainty and can speed strategic execution. Starbucks Shareholders Approve Governance Changes at 2026 Meeting
• Neutral Sentiment: Analysis warns the turnaround looks real but much of the improvement may already be reflected in the stock, suggesting limited near‑term upside absent stronger execution or earnings beats. Starbucks (SBUX) Turnaround Looks Real, but the Easy Money May Be Gone
• Neutral Sentiment: Macro pressure — notably higher gasoline prices — could reduce drive‑thru visits industry‑wide and blunt traffic growth for locations reliant on drive‑thru channels. High Gas Prices May Prompt Consumers to Reduce Drive-Thru Visits, Research Shows
• Negative Sentiment: Citizens JMP initiated coverage with a “market underperform” rating and an $84 price target, signaling near‑term downside risk versus current levels. Citizens Jmp sets mkt underperform on SBUX

Starbucks Stock Up 3.3%

Shares of Starbucks stock opened at $89.59 on Wednesday. The firm has a market cap of $102.07 billion, a price-to-earnings ratio of 74.04, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $104.82. The company’s 50-day simple moving average is $95.77 and its 200-day simple moving average is $88.89.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada downgraded shares of Starbucks from an “outperform” rating to a “sector perform” rating and set a $105.00 target price for the company. in a research note on Tuesday, March 17th. Citigroup dropped their price target on Starbucks from $94.00 to $92.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $113.00 price objective on shares of Starbucks in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Starbucks in a research note on Monday, December 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. Fifteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $103.07.

Insider Activity at Starbucks

In related news, CEO Brady Brewer sold 588 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the transaction, the chief executive officer owned 86,017 shares of the company’s stock, valued at $8,601,700. This represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sara Kelly sold 2,500 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $242,800.00. Following the completion of the transaction, the executive vice president owned 59,609 shares of the company’s stock, valued at $5,789,226.08. The trade was a 4.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,729 shares of company stock valued at $460,974 over the last three months. Insiders own 0.03% of the company’s stock.

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.