Madison Asset Management LLC Cuts Position in Starbucks Corporation $SBUX

Posted by Geri Gentry on May 13th, 2026

Madison Asset Management LLC lowered its holdings in shares of Starbucks Corporation (NASDAQ:SBUX – Free Report) by 20.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 367,263 shares of the coffee company’s stock after selling 92,817 shares during the period. Madison Asset Management LLC’s holdings in Starbucks were worth $30,927,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after buying an additional 81,952 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in Starbucks by 47.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after acquiring an additional 1,164 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Starbucks during the second quarter worth $288,000. Gamco Investors INC. ET AL raised its position in Starbucks by 92.8% during the second quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock worth $479,000 after acquiring an additional 2,515 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in Starbucks by 7.6% during the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock valued at $10,328,000 after purchasing an additional 7,978 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SBUX has been the subject of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a research note on Wednesday, March 4th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of Starbucks in a report on Friday, January 30th. Barclays set a $116.00 target price on Starbucks and gave the company an “overweight” rating in a report on Friday, January 30th. Stifel Nicolaus set a $117.00 price target on Starbucks and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird raised their price objective on Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.00.

View Our Latest Analysis on SBUX

Starbucks Price Performance

SBUX stock opened at $106.58 on Wednesday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.04. The firm has a market capitalization of $121.47 billion, a PE ratio of 80.74, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The business has a 50 day simple moving average of $97.53 and a 200-day simple moving average of $91.97.

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, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities research analysts expect that Starbucks Corporation will post 2.41 EPS for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. Starbucks’s payout ratio is presently 187.88%.

Insider Activity

In related news, EVP Sara Kelly sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $242,800.00. Following the sale, the executive vice president directly owned 59,609 shares of the company’s stock, valued at $5,789,226.08. This represents a 4.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brady Brewer sold 2,229 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the sale, the chief executive officer owned 81,559 shares in the company, valued at approximately $8,548,198.79. This trade represents a 2.66% 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. In the last three months, insiders have sold 11,187 shares of company stock worth $1,111,085. Corporate insiders own 0.03% of the company’s stock.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

Positive Sentiment: Stifel reiterated a Buy rating on Starbucks and raised its price target to $117 from $115, reinforcing confidence in the company’s turnaround and earnings outlook. Stifel Reaffirms Bullish View on Starbucks Corporation (SBUX)
Positive Sentiment: Reports that Starbucks is opening hundreds of new stores, alongside a possible $30 million Tennessee incentive tied to its Nashville corporate office, suggest continued growth and investment in the business. Dollar Tree and Starbucks are suddenly opening hundreds of new stores as retail doom stories pile up Tennessee lawmakers debate $30M incentive deal with Starbucks
Neutral Sentiment: A joint venture completed a $161 million refinancing of a Manhattan property fully leased to Starbucks, which is supportive of the company’s real estate footprint but not a major direct earnings driver. Vornado JV Completes $161 Million Refinancing of 61 Ninth Avenue
Negative Sentiment: Starbucks cut 61 technology jobs in Seattle as part of a reorganization, underscoring ongoing cost-cutting and restructuring pressures. Starbucks cuts 61 technology jobs in Seattle
Negative Sentiment: Rising coffee prices are pressuring margins across chains including Starbucks, and the company is being cautious about passing higher costs to consumers. Coffee prices keep rising, and chains like Dutch Bros are swallowing most of the costs

About Starbucks

(Free Report)

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.