Peapack Gladstone Financial Corp Sells 14,686 Shares of Starbucks Corporation $SBUX

Posted by Geri Gentry on Jun 3rd, 2026

Peapack Gladstone Financial Corp lessened its position in shares of Starbucks Corporation (NASDAQ:SBUX – Free Report) by 10.2% in the fourth quarter, HoldingsChannel reports. The fund owned 129,190 shares of the coffee company’s stock after selling 14,686 shares during the period. Peapack Gladstone Financial Corp’s holdings in Starbucks were worth $10,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SBUX. Collier Financial bought a new stake in shares of Starbucks during the third quarter worth approximately $25,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Starbucks in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd bought a new stake in shares of Starbucks in the third quarter valued at approximately $26,000. Entrust Financial LLC bought a new stake in shares of Starbucks in the fourth quarter valued at approximately $26,000. Finally, Tucker Asset Management LLC bought a new stake in shares of Starbucks in the fourth quarter valued at approximately $27,000. Institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president directly 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 Securities & Exchange Commission, which is accessible through the SEC website. 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 Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the completion of the transaction, the chief executive officer owned 81,559 shares of the company’s stock, valued at $8,548,198.79. The trade was a 2.66% 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 11,187 shares of company stock valued at $1,111,085 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SBUX. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a research note on Wednesday, March 4th. Tigress Financial began coverage on Starbucks in a research note on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target for the company. TD Cowen upgraded Starbucks from a “hold” rating to a “buy” rating and boosted their price target for the company from $106.00 to $120.00 in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Starbucks in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $115.00 price target (up from $110.00) on shares of Starbucks in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.48.

View Our Latest Report on Starbucks

Starbucks Price Performance

NASDAQ SBUX opened at $96.51 on Tuesday. The business has a fifty day moving average price of $99.04 and a two-hundred day moving average price of $93.90. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88. The stock has a market capitalization of $109.99 billion, a PE ratio of 73.11, a PEG ratio of 1.95 and a beta of 0.98.

Starbucks (NASDAQ:SBUX – Get Free Report) last released its earnings results 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 negative return on equity of 29.24% and a net margin of 3.89%.The firm had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the prior year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, sell-side analysts expect that Starbucks Corporation will post 2.42 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, May 15th. This represents a $2.48 annualized dividend and a yield of 2.6%. Starbucks’s dividend payout ratio is presently 187.88%.

Starbucks Profile

(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.