HS Management Partners LLC Has $6.77 Million Stock Holdings in Starbucks Corporation $SBUX

HS Management Partners LLC reduced its stake in Starbucks Corporation (NASDAQ:SBUX) by 58.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,583 shares of the coffee company’s stock after selling 106,317 shares during the period. Starbucks accounts for 2.4% of HS Management Partners LLC’s holdings, making the stock its 21st biggest holding. HS Management Partners LLC’s holdings in Starbucks were worth $6,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. PAX Financial Group LLC boosted its position in shares of Starbucks by 4.2% during the 1st quarter. PAX Financial Group LLC now owns 6,162 shares of the coffee company’s stock worth $552,000 after purchasing an additional 250 shares in the last quarter. DB Fitzpatrick & Co Inc increased its position in Starbucks by 27.3% in the 1st quarter. DB Fitzpatrick & Co Inc now owns 15,229 shares of the coffee company’s stock valued at $1,364,000 after buying an additional 3,263 shares in the last quarter. New York State Teachers Retirement System increased its position in Starbucks by 0.4% in the 1st quarter. New York State Teachers Retirement System now owns 882,536 shares of the coffee company’s stock valued at $79,066,000 after buying an additional 3,904 shares in the last quarter. Optas LLC raised its stake in Starbucks by 1.9% during the 1st quarter. Optas LLC now owns 15,053 shares of the coffee company’s stock worth $1,349,000 after buying an additional 286 shares during the period. Finally, DeDora Capital Inc. raised its stake in Starbucks by 15.1% during the 1st quarter. DeDora Capital Inc. now owns 3,039 shares of the coffee company’s stock worth $272,000 after buying an additional 398 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX opened at $104.27 on Friday. The stock has a 50 day moving average price of $101.97 and a two-hundred day moving average price of $96.45. The firm has a market capitalization of $118.84 billion, a P/E ratio of 78.99, a P/E/G ratio of 2.07 and a beta of 0.98. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $108.88.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 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 the consensus estimate of $9.17 billion. During the same period in the prior year, the business posted $0.41 earnings per share. 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. On average, equities analysts forecast that Starbucks Corporation will post 2.4 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio is presently 187.88%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citizens Jmp began coverage on Starbucks in a research note on Monday, March 30th. They issued an “underperform” rating and a $84.00 price objective for the company. Morgan Stanley raised Starbucks from an “overweight” rating to an “overweight” rating in a research report on Thursday, May 14th. Wells Fargo & Company reiterated an “overweight” rating and issued a $115.00 target price (up from $110.00) on shares of Starbucks in a report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, BTIG Research lowered shares of Starbucks from a “buy” rating to a “neutral” rating in a research note on Thursday, May 14th. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $108.92.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 81,559 shares in the company, valued at $8,548,198.79. This represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing 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 shares were 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 owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This represents 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. Over the last 90 days, insiders have sold 8,687 shares of company stock worth $863,707. Company insiders own 0.03% of the company’s stock.

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.