Townsquare Capital LLC trimmed its position in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 74.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,065 shares of the coffee company’s stock after selling 29,392 shares during the period. Townsquare Capital LLC’s holdings in Starbucks were worth $848,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Starbucks by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock worth $9,634,523,000 after purchasing an additional 971,773 shares during the period. Capital Research Global Investors lifted its position in Starbucks by 11.4% in the third quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock worth $7,229,968,000 after purchasing an additional 8,774,198 shares during the period. Capital World Investors lifted its position in Starbucks by 9.0% in the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after purchasing an additional 7,007,268 shares during the period. Geode Capital Management LLC lifted its position in Starbucks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock worth $2,212,153,000 after purchasing an additional 225,168 shares during the period. Finally, Capital International Investors lifted its position in Starbucks by 7.3% in the fourth quarter. Capital International Investors now owns 15,758,440 shares of the coffee company’s stock worth $1,327,245,000 after purchasing an additional 1,066,668 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.
More Starbucks News
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Reports that Starbucks is weighing a stake sale or IPO for its Japan unit could surface hidden value and improve the company’s capital structure. Starbucks weighs Japan stake sale or IPO
- Positive Sentiment: Management commentary about room for international expansion and more U.S. stores reinforces the long-term growth narrative for SBUX. Starbucks CEO Says 22,000 Overseas Stores Could Double
- Positive Sentiment: Investors are also encouraged by signs that Starbucks is gaining traction beyond the morning coffee rush, suggesting turnaround efforts around afternoon traffic and beverage innovation may be working. Starbucks Sees Encouraging Growth beyond the Morning Rush, CNBC Reports
- Positive Sentiment: New drink launches, including blended Refreshers, are drawing attention because they could boost traffic with younger consumers and support sales growth. Starbucks’ latest drink launch is a bet on the future of fast food beverages
- Neutral Sentiment: CEO Brady Brewer disclosed a pre-arranged sale of 1,641 shares under a 10b5-1 plan; this is routine insider activity but can slightly weigh on sentiment. SEC filing
- Negative Sentiment: A Seeking Alpha piece argued the market may be pricing in Starbucks’ turnaround too early, which could temper enthusiasm if execution slows. Starbucks: The Market Is Pricing In Success Too Soon
Wall Street Analyst Weigh In
View Our Latest Report on SBUX
Insiders Place Their Bets
In other news, CEO Brady Brewer sold 1,641 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $94.33, for a total value of $154,795.53. Following the completion of the sale, the chief executive officer owned 80,181 shares in the company, valued at $7,563,473.73. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the sale, the executive vice president owned 57,653 shares of the company’s stock, valued at $6,053,565. The trade was a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,099 shares of company stock valued at $804,907 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.
Starbucks Stock Performance
Shares of NASDAQ:SBUX opened at $98.76 on Thursday. Starbucks Corporation has a one year low of $77.99 and a one year high of $108.88. The stock has a fifty day moving average of $99.77 and a 200-day moving average of $94.47. The company has a market capitalization of $112.56 billion, a PE ratio of 74.82, a price-to-earnings-growth ratio of 1.92 and a beta of 0.98.
Starbucks (NASDAQ:SBUX – Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 29.24% and a net margin of 3.89%.The company had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s quarterly 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. As a group, research analysts forecast that Starbucks Corporation will post 2.42 EPS for the current fiscal year.
Starbucks Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.62 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.5%. Starbucks’s dividend payout ratio is presently 187.88%.
Starbucks 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.
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