KBC Group NV Has $27.99 Million Holdings in Starbucks Corporation $SBUX

KBC Group NV lifted its stake in Starbucks Corporation (NASDAQ:SBUXFree Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 332,383 shares of the coffee company’s stock after buying an additional 8,997 shares during the period. KBC Group NV’s holdings in Starbucks were worth $27,990,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Collier Financial acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $25,000. Y.D. More Investments Ltd acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $27,000. Kelleher Financial Advisors acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $27,000. Finally, PFS Partners LLC raised its holdings in shares of Starbucks by 457.4% in the 3rd 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. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Evercore reissued an “outperform” rating on shares of Starbucks in a report on Wednesday, January 28th. UBS Group reissued a “neutral” rating on shares of Starbucks in a report on Friday, January 30th. Dbs Bank raised Starbucks from a “strong sell” rating to a “moderate sell” rating in a report on Friday, March 20th. Wells Fargo & Company set a $110.00 price target on Starbucks in a report on Wednesday, January 28th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $103.00 price target (up from $100.00) on shares of Starbucks in a report on Friday, January 30th. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.57.

View Our Latest Research Report on Starbucks

Starbucks Price Performance

SBUX stock opened at $100.00 on Friday. The business has a fifty day moving average price of $95.86 and a 200 day moving average price of $89.86. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $104.82. The stock has a market capitalization of $113.93 billion, a price-to-earnings ratio of 82.64, a P/E/G ratio of 2.19 and a beta of 0.95.

Starbucks (NASDAQ:SBUXGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The business had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, equities analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, May 15th. Starbucks’s dividend payout ratio (DPR) is presently 204.96%.

Trending Headlines about Starbucks

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Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 1,641 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $159,373.92. Following the transaction, the chief executive officer directly owned 86,605 shares in the company, valued at approximately $8,411,077.60. This trade represents a 1.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sara Kelly sold 2,500 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $242,800.00. Following the completion of the transaction, the executive vice president owned 59,609 shares in the company, valued at $5,789,226.08. The trade was a 4.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,370 shares of company stock worth $608,664 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Starbucks Company Profile

(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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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