Baldwin Wealth Partners LLC MA decreased its holdings in Starbucks Co. (NASDAQ:SBUX – Free Report) by 42.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,487 shares of the coffee company’s stock after selling 1,856 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Starbucks were worth $227,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Starbucks by 100.6% in the third quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company’s stock valued at $1,476,967,000 after acquiring an additional 7,598,146 shares during the period. FMR LLC lifted its stake in shares of Starbucks by 55.0% in the 3rd quarter. FMR LLC now owns 19,779,859 shares of the coffee company’s stock worth $1,928,339,000 after purchasing an additional 7,015,375 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Starbucks by 1,491.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,808,571 shares of the coffee company’s stock worth $256,282,000 after purchasing an additional 2,632,087 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Starbucks by 1,078.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,545,419 shares of the coffee company’s stock valued at $248,153,000 after buying an additional 2,329,431 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in Starbucks during the third quarter valued at approximately $126,574,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on SBUX. Redburn Atlantic reiterated a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday. Citigroup upped their price target on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. UBS Group lifted their price objective on Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.08.
Insider Transactions at Starbucks
In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.98% of the company’s stock.
Starbucks Stock Performance
Shares of NASDAQ SBUX opened at $100.02 on Tuesday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $103.32. The firm has a market capitalization of $113.40 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.91 and a beta of 0.99. The stock has a 50 day moving average price of $95.66 and a 200 day moving average price of $92.53.
Starbucks (NASDAQ:SBUX – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.06 EPS. Analysts forecast that Starbucks Co. will post 3.08 earnings per share for the current year.
Starbucks Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.44%. Starbucks’s dividend payout ratio is currently 73.72%.
About Starbucks
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.
Further Reading
- Five stocks we like better than Starbucks
- How to Calculate Return on Investment (ROI)
- Sizing Up a New Opportunity for NVIDIA Investors
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Is DeepSeek Challenging NVIDIA’s AI Dominance?
- How to Find Undervalued Stocks
- The 3 Biggest M&A Stock Opportunities for 2025
Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX – Free Report).
Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.