Starbucks Corporation $SBUX Shares Sold by PNC Financial Services Group Inc.

Posted by Grant Hamersma on May 21st, 2026

PNC Financial Services Group Inc. decreased its stake in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,169,556 shares of the coffee company’s stock after selling 17,612 shares during the period. PNC Financial Services Group Inc.’s holdings in Starbucks were worth $98,488,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC bought a new position in Starbucks in the 3rd quarter worth about $6,099,000. Vanguard Group Inc. raised its holdings in shares of Starbucks by 0.5% during the third quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after buying an additional 577,279 shares during the last quarter. Lantz Financial LLC boosted its position in shares of Starbucks by 346.6% during the third quarter. Lantz Financial LLC now owns 17,833 shares of the coffee company’s stock worth $1,509,000 after buying an additional 13,840 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Starbucks by 10.6% during the third quarter. Envestnet Asset Management Inc. now owns 4,241,131 shares of the coffee company’s stock worth $358,800,000 after buying an additional 405,331 shares during the period. Finally, Compass Wealth Management LLC grew its holdings in Starbucks by 33.5% in the 3rd quarter. Compass Wealth Management LLC now owns 79,193 shares of the coffee company’s stock worth $6,700,000 after buying an additional 19,877 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Price Performance

SBUX opened at $106.50 on Thursday. The business has a 50 day moving average price of $98.55 and a two-hundred day moving average price of $92.87. The company has a market capitalization of $121.38 billion, a price-to-earnings ratio of 80.68, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88.

Starbucks (NASDAQ:SBUX – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities analysts expect that Starbucks Corporation will post 2.42 EPS for the current fiscal year.

Starbucks Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on SBUX. BMO Capital Markets restated an “outperform” rating and issued a $120.00 target price on shares of Starbucks in a research report on Friday, January 30th. Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a research note on Wednesday, March 4th. BNP Paribas Exane assumed coverage on Starbucks in a report on Thursday, May 14th. They set an “underperform” rating on the stock. TD Cowen upgraded shares of Starbucks from a “hold” rating to a “buy” rating and lifted their price objective for the company from $106.00 to $120.00 in a research note on Thursday, May 14th. Finally, Citizens Jmp started coverage on shares of Starbucks in a report on Monday, March 30th. They issued an “underperform” rating and a $84.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and an average price target of $107.48.

View Our Latest Stock Report on Starbucks

Insider Activity

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the SEC, 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 business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the executive vice president owned 57,653 shares in the company, valued at $6,053,565. The trade was a 3.35% 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. Over the last quarter, insiders sold 11,187 shares of company stock worth $1,111,085. 0.03% of the stock is owned by company insiders.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

Positive Sentiment: Starbucks completed a cash tender offer, which helps refine its debt profile and may improve financial flexibility. Starbucks Completes Cash Tender Offer, Refines Debt Profile
Positive Sentiment: Investors continue to focus on Starbucks’ “Back to Starbucks” turnaround efforts, including cost cuts and operational simplification, which can support longer-term margin improvement. Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes
Neutral Sentiment: Starbucks shares were described as holding steady while the market digested the company’s $400 million restructuring hit, suggesting investors are still evaluating whether the long-term savings justify the near-term charge. Starbucks Shares Hold Steady As Investors Continue To Digest $400 Million Restructuring Hit
Negative Sentiment: New reports said Starbucks’ plastic cups marketed as recyclable often end up in trash rather than recycling facilities, adding reputational and ESG pressure. US group says Starbucks plastic cups marked recyclable end up in trash
Negative Sentiment: Starbucks Korea’s chief was fired after the “Tank Day” promotion triggered backlash, underscoring execution and brand-safety risks for the company internationally. Starbucks Korea head fired after ‘Tank Day’ promotion sparks public uproar

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.