Starbucks Corporation $SBUX Stake Reduced by Glenview Trust Co

Glenview Trust Co trimmed its holdings in Starbucks Corporation (NASDAQ:SBUX) by 10.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,483 shares of the coffee company’s stock after selling 7,605 shares during the quarter. Glenview Trust Co’s holdings in Starbucks were worth $5,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SBUX. Rachor Investment Advisory Services LLC acquired a new stake in Starbucks during the fourth quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new position in Starbucks in the fourth quarter worth approximately $25,000. Phillip James Consulting Co. bought a new position in shares of Starbucks in the fourth quarter valued at $25,000. Entrust Financial LLC bought a new position in shares of Starbucks in the fourth quarter valued at $26,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of Starbucks during the 4th quarter valued at $27,000. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Tigress Financial began coverage on Starbucks in a research note on Wednesday, April 15th. They set a “buy” rating and a $122.00 price objective for the company. DA Davidson boosted their target price on Starbucks from $97.00 to $102.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Guggenheim reaffirmed a “neutral” rating and set a $97.00 target price (up from $95.00) on shares of Starbucks in a report on Wednesday, April 29th. The Goldman Sachs Group lowered Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Finally, Citizens Jmp assumed coverage on Starbucks in a research note on Monday, March 30th. They issued an “underperform” rating and a $84.00 price target on the stock. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.42.

Starbucks Stock Performance

NASDAQ SBUX opened at $104.45 on Wednesday. The firm’s 50 day moving average price is $102.50 and its two-hundred day moving average price is $98.20. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $109.23. The stock has a market cap of $119.04 billion, a price-to-earnings ratio of 79.13, a PEG ratio of 2.09 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $9.53 billion during 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 company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, research analysts forecast that Starbucks Corporation will post 2.41 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio is currently 187.88%.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Zacks highlighted that Starbucks raised its fiscal 2026 outlook, citing traffic gains, margin recovery, and cost savings as evidence the turnaround is gaining traction.
• Positive Sentiment: Recent commentary from The Motley Fool said Niccol’s turnaround appears to be “quietly working,” even though profits were cut in half last year, suggesting investors still see meaningful upside if execution continues.
• Positive Sentiment: Health-related news that moderate coffee intake may reduce cardiovascular risk could provide a modest sentiment lift for coffee demand overall.
• Neutral Sentiment: Investors are now focused on Starbucks’ upcoming earnings report on July 29, which will be the next key checkpoint for validating the turnaround.
• Negative Sentiment: Luckin Coffee’s move into New York adds a new competitor in the U.S. coffee market and could pressure Starbucks’ traffic and pricing power, especially in key urban markets.
• Negative Sentiment: Despite progress, Starbucks is still operating from a weaker profit base after earnings were roughly cut in half last year, leaving the valuation more dependent on sustained recovery.

Insider Activity

In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction dated 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 directly owned 57,653 shares in the company, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 77,364 shares in the company, valued at $8,045,856. This represents a 2.80% decrease in their position. 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 three months, insiders sold 8,687 shares of company stock valued at $889,033. Company insiders own 0.03% of the company’s stock.

Starbucks Profile

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.