Thrivent Financial for Lutherans Has $4.52 Million Holdings in Starbucks Corporation $SBUX

Thrivent Financial for Lutherans trimmed its position in Starbucks Corporation (NASDAQ:SBUX) by 14.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,426 shares of the coffee company’s stock after selling 8,957 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Starbucks were worth $4,520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transce3nd LLC raised its position in shares of Starbucks by 270.3% in the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after acquiring an additional 200 shares during the period. MTM Investment Management LLC acquired a new stake in Starbucks in the second quarter worth $28,000. PFS Partners LLC boosted its position in shares of Starbucks by 457.4% during the third quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. Nexus Investment Management ULC acquired a new position in shares of Starbucks in the 2nd quarter valued at $35,000. Finally, RMG Wealth Management LLC increased its position in shares of Starbucks by 109.9% in the 3rd quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Up 3.5%

NASDAQ SBUX opened at $99.45 on Friday. The firm’s 50 day moving average is $89.04 and its 200-day moving average is $87.18. The company has a market capitalization of $113.30 billion, a PE ratio of 82.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, January 28th. The coffee company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The business had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, sell-side analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.48 annualized dividend and a yield of 2.5%. Starbucks’s dividend payout ratio is 204.96%.

Insider Buying and Selling at Starbucks

In related news, Director Jorgen Vig Knudstorp purchased 11,700 shares of the stock in a transaction on Monday, November 10th. The shares were purchased at an average price of $85.00 per share, with a total value of $994,500.00. Following the transaction, the director directly owned 53,096 shares of the company’s stock, valued at $4,513,160. This trade represents a 28.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on SBUX shares. Wall Street Zen upgraded Starbucks from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Wells Fargo & Company set a $110.00 price objective on Starbucks in a report on Wednesday, January 28th. Mizuho increased their target price on Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Barclays set a $116.00 price target on shares of Starbucks and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, William Blair raised shares of Starbucks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.67.

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.