Starbucks Corporation $SBUX Stock Sold by Profund Advisors LLC

Profund Advisors LLC trimmed its position in Starbucks Corporation (NASDAQ:SBUX) by 6.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 87,308 shares of the coffee company’s stock after selling 5,635 shares during the period. Profund Advisors LLC’s holdings in Starbucks were worth $8,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently made changes to their positions in SBUX. BlackRock Inc. acquired a new position in shares of Starbucks during the 2nd quarter worth approximately $8,504,509,000. Bank of America Corp DE purchased a new position in shares of Starbucks in the second quarter valued at $1,581,287,000. Bank of New York Mellon Corp purchased a new position in shares of Starbucks during the 2nd quarter valued at approximately $779,790,000. Legal & General Group Plc acquired a new position in shares of Starbucks in the 2nd quarter worth approximately $649,622,000. Finally, Corient Private Wealth LP acquired a new position in Starbucks in the second quarter valued at approximately $289,019,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SBUX has been the topic of several recent research reports. Robert W. Baird lowered their price objective on shares of Starbucks from $124.00 to $115.00 and set an “outperform” rating on the stock in a research note on Friday, October 2nd. BNP Paribas Exane upped their target price on shares of Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research note on Thursday, July 30th. BTIG Research reissued a “buy” rating and set a $115.00 price objective on shares of Starbucks in a report on Friday. Citigroup reissued a “neutral” rating and issued a $104.00 price target (down from $112.00) on shares of Starbucks in a report on Tuesday, October 20th. Finally, TD Cowen reiterated a “buy” rating and issued a $120.00 price target on shares of Starbucks in a research report on Friday. Twenty-three investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $110.53.

Insider Buying and Selling

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $105.60, for a total value of $235,382.40. Following the sale, the chief executive officer owned 73,149 shares of the company’s stock, valued at $7,724,534.40. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock worth $685,935 in the last 90 days. 0.03% of the stock is owned by corporate insiders.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported fiscal fourth-quarter adjusted EPS of $0.80, above the approximately $0.72 consensus. Adjusted operating margin expanded by roughly 450 basis points to 14% as sales leverage, cost savings and lower labor-related expenses supported profitability. Starbucks posts slight revenue miss and earnings beat
• Positive Sentiment: U.S. comparable sales increased 7.7%, ahead of management’s target, helped by higher average tickets, product mix, food attachments and improving customer traffic. Management said the turnaround is transitioning into a growth plan. Starbucks strong comps driven by ticket growth
• Positive Sentiment: Analysts remain constructive, with BTIG reaffirming a Buy rating and a $115 target, while Bank of America raised its target to $141. Starbucks also plans to test AI-powered drive-through tools, renovate more than 2,000 North American stores and add about 1,200 locations globally. Analyst raises Starbucks price target
• Neutral Sentiment: Management said Starbucks could eventually become a multibrand company and sees room for substantial international and North American expansion, but acquisitions are not currently the focus. Execution on store improvements and service remains the near-term priority. Starbucks CEO discusses future acquisitions
• Negative Sentiment: Revenue fell about 4.5% to $9.14 billion, missing estimates near $9.22 billion. The decline largely reflects Starbucks’ shift of nearly 8,000 China stores to a licensed joint venture, but international comparable sales and transactions remained weak. Starbucks international business disappoints
• Negative Sentiment: Fiscal 2027 guidance calls for roughly 4% North American comparable-sales growth, below fiscal 2026’s 6.6%, while revenue is expected to decline about 1%. Fourth-quarter ticket growth outpaced transaction growth, raising concerns that future gains may rely more on pricing and larger orders than on customer visits. Starbucks margins jump as store visits slow

Starbucks Stock Performance

NASDAQ:SBUX opened at $103.67 on Friday. The business’s fifty day moving average is $99.26 and its 200 day moving average is $99.70. The firm has a market cap of $118.18 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 1.57 and a beta of 0.98. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51.

Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, October 29th. The coffee company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.72 by $0.08. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.22 billion. Starbucks had a negative return on equity of 38.01% and a net margin of 6.66%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. Equities analysts predict that Starbucks Corporation will post 3.21 EPS for the current fiscal year.

Starbucks Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.52 annualized dividend and a yield of 2.4%. This is a boost from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s dividend payout ratio is currently 112.22%.

About Starbucks

Starbucks Corporation is a global specialty coffee company headquartered in Seattle, Washington. Founded in 1971, the company operates and licenses coffeehouses under the Starbucks brand, serving brewed coffee, espresso beverages, teas, cold drinks, food, and other ready-to-consume products.

In addition to its company-operated and licensed stores, Starbucks sells packaged coffee, tea, and single-serve products through grocery retailers, convenience stores, and other distribution channels.