Starbucks Corporation $SBUX Stock: Modera Wealth Management LLC Reduces Holdings

Modera Wealth Management LLC lowered its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,283 shares of the coffee company’s stock after selling 7,553 shares during the quarter. Modera Wealth Management LLC’s holdings in Starbucks were worth $11,959,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Starbucks during the second quarter worth $8,504,509,000. State Street Corp lifted its position in Starbucks by 3.2% in the 2nd quarter. State Street Corp now owns 49,260,268 shares of the coffee company’s stock valued at $5,033,907,000 after acquiring an additional 1,530,497 shares in the last quarter. Bank of America Corp DE lifted its position in Starbucks by 9.0% in the 1st quarter. Bank of America Corp DE now owns 15,761,355 shares of the coffee company’s stock valued at $1,412,060,000 after acquiring an additional 1,300,085 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Starbucks by 26.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,506,482 shares of the coffee company’s stock valued at $869,277,000 after purchasing an additional 1,767,530 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Starbucks during the 2nd quarter valued at about $779,790,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SBUX. BNP Paribas Exane increased their price objective on Starbucks from $87.00 to $92.00 and gave the stock an “underperform” rating in a research note on Thursday, July 30th. Citigroup reaffirmed a “neutral” rating and set a $104.00 target price (down from $112.00) on shares of Starbucks in a research report on Tuesday, October 20th. Needham & Company LLC set a $120.00 target price on Starbucks in a research report on Tuesday, August 18th. DA Davidson reiterated a “neutral” rating and set a $110.00 price target on shares of Starbucks in a report on Friday. Finally, JPMorgan Chase & Co. lowered their price target on Starbucks from $112.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Twenty-three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Starbucks currently has an average rating of “Hold” and a consensus price target of $110.53.

Starbucks Trading Down 1.7%

NASDAQ:SBUX opened at $103.67 on Friday. The stock has a market capitalization of $118.18 billion, a PE ratio of 46.91, a price-to-earnings-growth ratio of 1.60 and a beta of 0.98. The firm’s 50 day moving average is $99.26 and its 200 day moving average is $99.70. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. Starbucks had a negative return on equity of 38.01% and a net margin of 6.66%. The firm had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $9.22 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. Research analysts predict that Starbucks Corporation will post 3.17 earnings per share for the current year.

Starbucks Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.63 per share. This is an increase from Starbucks’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, November 13th. Starbucks’s dividend payout ratio (DPR) is currently 114.03%.

Key Stories Impacting Starbucks

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

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $105.60, for a total transaction of $235,382.40. Following the completion of the transaction, the chief executive officer owned 73,149 shares of the company’s stock, valued at $7,724,534.40. The trade was a 2.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 6,687 shares of company stock valued at $685,935. 0.03% of the stock is owned by company insiders.

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.