Starbucks Corporation $SBUX Stock Bought by Keybank National Association OH

Keybank National Association OH grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 2.8% in the third quarter, Holdings Channel.com reports. The fund owned 661,500 shares of the coffee company’s stock after purchasing an additional 17,746 shares during the period. Keybank National Association OH’s holdings in Starbucks were worth $62,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Starbucks in the 2nd quarter worth approximately $8,504,509,000. State Street Corp increased its stake in Starbucks by 3.2% in the 2nd quarter. State Street Corp now owns 49,260,268 shares of the coffee company’s stock valued at $5,033,907,000 after purchasing an additional 1,530,497 shares in the last quarter. Bank of America Corp DE purchased a new position in Starbucks in the 2nd quarter valued at approximately $1,581,287,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Starbucks by 26.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,506,482 shares of the coffee company’s stock valued at $869,277,000 after purchasing an additional 1,767,530 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Starbucks during the second quarter worth $779,790,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Price Performance

SBUX stock opened at $109.95 on Wednesday. The company’s 50 day simple moving average is $99.25 and its 200-day simple moving average is $100.18. The firm has a market capitalization of $125.34 billion, a PE ratio of 49.75, a P/E/G ratio of 1.81 and a beta of 1.01. Starbucks Corporation has a 12 month low of $81.97 and a 12 month high of $111.50.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. Starbucks had a net margin of 6.66% and a negative return on equity of 38.61%. The business had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same period last year, the company posted $0.52 EPS. The company’s revenue was down 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Starbucks Corporation will post 3.22 earnings per share for the current year.

Starbucks Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.63 per share. This is a boost from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, November 13th. This represents a $2.52 dividend on an annualized basis and a yield of 2.3%. Starbucks’s payout ratio is currently 112.22%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Melius Research set a $110.00 target price on Starbucks in a research report on Monday, August 3rd. Robert W. Baird lowered their target price on Starbucks from $124.00 to $115.00 and set an “outperform” rating on the stock in a report on Friday, October 2nd. Morgan Stanley cut Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of Starbucks in a research note on Friday, October 30th. Finally, Sanford C. Bernstein downgraded Starbucks from an “outperform” rating to a “market perform” rating in a research note on Monday, August 3rd. Twenty-one investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Starbucks has a consensus rating of “Hold” and an average target price of $108.83.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $110.00, for a total transaction of $245,190.00. Following the completion of the transaction, the chief executive officer owned 68,691 shares of the company’s stock, valued at approximately $7,556,010. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 6,687 shares of company stock worth $694,874. 0.03% of the stock is currently owned by corporate insiders.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel resumed coverage with a Buy rating and a $115 price target, adding a bullish analyst view that helped support the stock’s recent advance. Starbucks rises as Stifel resumes coverage with Buy rating and $115 target
• Positive Sentiment: Starbucks is targeting 18% EPS growth in fiscal 2027, supported by margin expansion and cost savings, as well as an additional fiscal week. If achieved, stronger earnings could offset softer sales. Can SBUX Deliver 18% EPS Growth Despite a 1% Revenue Decline in FY27?
• Positive Sentiment: Starbucks raised its quarterly dividend to $0.63 from $0.62, a modest increase that may appeal to income-focused investors. The dividend implies a 2.3% yield at the cited share price. Starbucks insider trading report and dividend information
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 trading plan and retained 68,691 shares afterward. The planned sale may be less informative than an unplanned transaction. SEC insider transaction filing
• Negative Sentiment: The fiscal 2027 outlook calls for revenue to decline about 1%, making the targeted EPS growth reliant on cost savings and improved margins rather than sales growth. Execution will be important. Fiscal 2027 EPS and revenue outlook

Starbucks Profile

Starbucks Corporation is a global coffee company that roasts, markets and sells coffee and other beverages, along with food and related merchandise. Its offerings include brewed coffee, espresso-based drinks, teas and packaged coffee products. The company serves customers through company-operated and licensed stores, as well as through retail and food-service partnerships. Its stores also sell items such as mugs and coffee-making equipment. Founded in Seattle in 1971, Starbucks operates in North America and international markets, including China.