Federated Hermes Inc. Sells 53,386 Shares of Starbucks Corporation $SBUX

Federated Hermes Inc. cut its holdings in Starbucks Corporation (NASDAQ:SBUX) by 91.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,858 shares of the coffee company’s stock after selling 53,386 shares during the quarter. Federated Hermes Inc.’s holdings in Starbucks were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SBUX. Transce3nd LLC lifted 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 worth $25,000 after purchasing an additional 200 shares during the period. MTM Investment Management LLC purchased a new position in shares of Starbucks during the second quarter valued at about $28,000. PFS Partners LLC raised its stake in Starbucks by 457.4% in the third quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock worth $29,000 after buying an additional 279 shares in the last quarter. RMG Wealth Management LLC lifted its holdings in Starbucks by 109.9% in the third quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock worth $33,000 after buying an additional 200 shares during the period. Finally, Nexus Investment Management ULC purchased a new stake in Starbucks in the second quarter worth about $35,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

SBUX opened at $99.45 on Monday. The firm has a market cap of $113.30 billion, a PE ratio of 82.19, a P/E/G ratio of 2.22 and a beta of 0.96. The stock has a 50-day moving average price of $89.04 and a 200-day moving average price of $87.12. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46.

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

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.62 dividend. 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BTIG Research reiterated a “buy” rating and set a $105.00 target price on shares of Starbucks in a report on Thursday, January 29th. Barclays set a $116.00 price target on Starbucks and gave the company an “overweight” rating in a research report on Friday, January 30th. Zacks Research raised Starbucks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. TD Cowen restated a “hold” rating and set a $89.00 target price (up previously from $84.00) on shares of Starbucks in a report on Friday, January 30th. Finally, Susquehanna set a $114.00 price target on shares of Starbucks in a research note on Wednesday, January 21st. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.67.

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.