Bank of New York Mellon Corp lowered its stake in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 4.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,751,842 shares of the coffee company’s stock after selling 386,290 shares during the quarter. Bank of New York Mellon Corp’s holdings in Starbucks were worth $694,488,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Oak Thistle LLC purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $1,149,000. Czech National Bank raised its holdings in shares of Starbucks by 3.9% in the fourth quarter. Czech National Bank now owns 299,833 shares of the coffee company’s stock worth $25,249,000 after buying an additional 11,135 shares during the period. Goodman Financial Corp purchased a new stake in shares of Starbucks in the fourth quarter worth approximately $8,811,000. Wealth Enhancement Trust Services Inc. bought a new stake in shares of Starbucks during the 4th quarter worth approximately $875,000. Finally, Third View Private Wealth LLC bought a new stake in shares of Starbucks during the 4th quarter worth approximately $3,135,000. Institutional investors own 72.29% of the company’s stock.
More Starbucks News
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Starbucks is using AI to build more of its own software in an effort to cut costs, potentially reducing a major expense line and improving margins over time. Starbucks spends $400 million a year on software — now it’s using AI to build its own and cut out the middleman
- Positive Sentiment: A Reuters report said Starbucks defeated a shareholder lawsuit tied to declining U.S. and China sales, removing a potential legal overhang for the shares. Starbucks defeats shareholder lawsuit over US, China sales declines
- Positive Sentiment: Analyst commentary this week appears to be supporting the stock, with price-target increases reinforcing expectations that Starbucks’ recovery can continue. Why Starbucks (SBUX) Stock Is Up Today
- Neutral Sentiment: Starbucks announced it will release fiscal third-quarter 2026 results on July 29, which keeps investors focused on the next earnings update and management’s turnaround progress. Starbucks Announces Q3 Fiscal Year 2026 Results Conference Call
- Neutral Sentiment: Coverage comparing Starbucks with McDonald’s and other restaurant stocks highlights ongoing investor debate about valuation and turnaround potential rather than a clear new catalyst. Starbucks vs. McDonald’s: Which Restaurant Stock Has the Edge Now?
- Negative Sentiment: Starbucks labor troubles are still making headlines, including reports that union issues have expanded internationally, which could add pressure on operating costs and brand sentiment. Starbucks Labor Troubles go International, Starbucks Stock (NASDAQ:SBUX) Gains
Starbucks Trading Up 3.1%
Starbucks (NASDAQ:SBUX – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Research analysts predict that Starbucks Corporation will post 2.4 EPS for the current fiscal year.
Starbucks Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio is presently 187.88%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on SBUX shares. Dbs Bank raised Starbucks from a “strong sell” rating to a “moderate sell” rating in a research report on Friday, March 20th. Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 target price (up from $115.00) on shares of Starbucks in a research report on Thursday. Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the company a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Starbucks in a report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Starbucks in a research note on Wednesday, April 29th. Nineteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.42.
View Our Latest Stock Analysis on SBUX
Insider Transactions at Starbucks
In other news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred 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 owned 77,364 shares of the company’s stock, valued at approximately $8,045,856. This represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 that occurred on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,687 shares of company stock worth $889,033 in the last three months. 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.
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