Glenmede Trust Co. NA Sells 20,336 Shares of Starbucks Corporation $SBUX

Glenmede Trust Co. NA cut its position in Starbucks Corporation (NASDAQ:SBUX) by 6.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 275,423 shares of the coffee company’s stock after selling 20,336 shares during the quarter. Glenmede Trust Co. NA’s holdings in Starbucks were worth $24,675,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Starbucks by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock worth $9,634,523,000 after buying an additional 971,773 shares in the last quarter. Capital World Investors raised its stake in shares of Starbucks by 9.0% in the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after acquiring an additional 7,007,268 shares during the last quarter. State Street Corp boosted its holdings in shares of Starbucks by 0.7% in the 4th quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock worth $4,031,053,000 after acquiring an additional 327,161 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Starbucks by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock worth $2,212,153,000 after acquiring an additional 225,168 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Starbucks by 65.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock worth $1,637,704,000 after acquiring an additional 7,725,547 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the firm’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 transaction, the chief executive officer directly owned 77,364 shares of the company’s stock, valued at approximately $8,045,856. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock valued at $679,033 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Strong fiscal Q3 results: Adjusted earnings of $0.85 per share exceeded the $0.66 consensus, while revenue reached $9.32 billion versus expectations of approximately $9.17 billion. Global comparable-store sales increased 7.9%, powered by 4.2% transaction growth, suggesting customer traffic—not just pricing—is improving. Starbucks Q3 profit beats on US turnaround, lifts full-year guidance
• Positive Sentiment: Guidance was raised: Starbucks lifted fiscal 2026 adjusted EPS guidance to $2.55–$2.65 from $2.25–$2.45 and now expects roughly 6% full-year global comparable-sales growth. Management said faster service, store improvements, new products and better customer experiences are helping CEO Brian Niccol’s “Back to Starbucks” turnaround. Starbucks Just Raised Starbucks’ Full-Year Profit Guidance
• Positive Sentiment: Analyst support remains favorable: TD Cowen reaffirmed a Buy rating with a $120 target, while BTIG raised or reaffirmed its target at $115. Wells Fargo raised its target to $125 and Morgan Stanley to $115, reinforcing expectations for further recovery. We’re raising our price target on Starbucks after a home-run quarter
• Neutral Sentiment: Starbucks is testing carbonated versions of its Refreshers in select markets, expanding its non-coffee beverage strategy aimed particularly at younger customers. The sales impact remains unproven. Starbucks is betting bubbles will give sales some sparkle
• Negative Sentiment: Valuation and profit-taking are limiting upside: After a substantial year-to-date advance and trading near its 52-week high, SBUX carries a price-to-earnings ratio above 60. Wolfe Research maintained a Hold rating, and BNP Paribas Exane kept an Underperform rating with a $92 target, warning that much of the recovery may already be priced in. Recent insider activity has also consisted of sales rather than purchases.

Starbucks Stock Down 0.6%

Shares of SBUX stock opened at $105.25 on Friday. The firm has a market cap of $119.98 billion, a price-to-earnings ratio of 60.49, a PEG ratio of 1.91 and a beta of 0.98. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $109.23. The stock has a 50-day moving average price of $102.23 and a 200 day moving average price of $99.08.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Sell-side analysts predict that Starbucks Corporation will post 2.6 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s payout ratio is 142.53%.

Analysts Set New Price Targets

SBUX has been the subject of a number of recent analyst reports. Scotiabank cut Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Guggenheim reissued a “neutral” rating and issued a $97.00 price objective (up from $95.00) on shares of Starbucks in a research note on Wednesday, April 29th. Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 target price (up from $110.00) on shares of Starbucks in a report on Thursday. Citigroup raised their target price on Starbucks from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Jefferies Financial Group began coverage on Starbucks in a report on Thursday, May 14th. They issued a “buy” rating for the company. Nineteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and an average target price of $112.04.

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.