Commerzbank Aktiengesellschaft FI Has $6.18 Million Stock Position in Starbucks Corporation $SBUX

Commerzbank Aktiengesellschaft FI reduced its holdings in Starbucks Corporation (NASDAQ:SBUX) by 28.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,970 shares of the coffee company’s stock after selling 27,506 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Starbucks were worth $6,179,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SBUX. Norges Bank acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $1,232,650,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Starbucks by 65.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after acquiring an additional 7,725,547 shares in the last quarter. Capital World Investors lifted its position in shares of Starbucks by 9.0% during the 4th quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after acquiring an additional 7,007,268 shares during the period. Corient Private Wealth LLC lifted its position in shares of Starbucks by 146.6% during the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after acquiring an additional 3,596,014 shares during the period. Finally, Amundi boosted its stake in Starbucks by 57.1% during the fourth quarter. Amundi now owns 4,532,627 shares of the coffee company’s stock worth $381,693,000 after acquiring an additional 1,647,292 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Stifel Nicolaus set a $117.00 price target on shares of Starbucks and gave the stock a “buy” rating in a report on Wednesday, May 6th. Scotiabank cut shares of Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. Citigroup restated a “neutral” rating and issued a $108.00 target price (up from $101.00) on shares of Starbucks in a research note on Tuesday, July 14th. BNP Paribas Exane initiated coverage on Starbucks in a research report on Thursday, May 14th. They issued an “underperform” rating for the company. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $120.00 price target (up from $115.00) on shares of Starbucks in a research note on Thursday. Nineteen research 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.42.

Starbucks Trading Down 0.6%

Shares of SBUX stock opened at $104.81 on Tuesday. The firm has a market capitalization of $119.45 billion, a PE ratio of 79.40, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. The firm has a fifty day simple moving average of $102.54 and a two-hundred day simple moving average of $98.06. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $109.23.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts predict that Starbucks Corporation will post 2.4 earnings per share for the current fiscal year.

Starbucks Announces Dividend

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

Insider Activity at Starbucks

In related news, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction on 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 owned 57,653 shares in the company, valued at approximately $6,053,565. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $104.00, for a total value of $231,816.00. Following the completion of the sale, the chief executive officer directly owned 77,364 shares of the company’s stock, valued at $8,045,856. The trade was a 2.80% decrease in their ownership of the stock. 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 three months, insiders sold 8,687 shares of company stock valued at $889,033. 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.