Cullen Frost Bankers Inc. Has $12.68 Million Stock Holdings in Starbucks Corporation $SBUX

Cullen Frost Bankers Inc. grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 25.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,882 shares of the coffee company’s stock after purchasing an additional 30,397 shares during the period. Cullen Frost Bankers Inc.’s holdings in Starbucks were worth $12,680,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SBUX. Commerzbank Aktiengesellschaft FI increased its position in shares of Starbucks by 51.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 90,113 shares of the coffee company’s stock worth $7,624,000 after acquiring an additional 30,760 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Starbucks by 6.7% in the 3rd quarter. Retirement Systems of Alabama now owns 821,372 shares of the coffee company’s stock worth $69,488,000 after purchasing an additional 51,423 shares during the period. Cheviot Value Management LLC grew its position in Starbucks by 21.3% during the 3rd quarter. Cheviot Value Management LLC now owns 1,214 shares of the coffee company’s stock worth $104,000 after purchasing an additional 213 shares in the last quarter. PFG Investments LLC grew its position in Starbucks by 2.9% during the 3rd quarter. PFG Investments LLC now owns 34,112 shares of the coffee company’s stock worth $2,886,000 after purchasing an additional 973 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Starbucks during the 3rd quarter valued at $1,936,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SBUX. UBS Group set a $94.00 target price on Starbucks and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Piper Sandler reduced their price objective on Starbucks from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Dbs Bank lowered Starbucks from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Royal Bank Of Canada set a $100.00 price target on shares of Starbucks and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Bank of America boosted their price objective on shares of Starbucks from $106.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Seventeen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $103.15.

Starbucks Stock Performance

Shares of SBUX opened at $97.62 on Monday. The firm has a market cap of $111.00 billion, a PE ratio of 59.52, a PEG ratio of 2.07 and a beta of 0.97. The firm’s 50 day moving average price is $87.00 and its 200 day moving average price is $87.05. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, October 29th. The coffee company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). The business had revenue of $9.57 billion for the quarter, compared to analyst estimates of $9.41 billion. Starbucks had a negative return on equity of 31.32% and a net margin of 4.99%.The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. On average, sell-side analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.5%. Starbucks’s payout ratio is currently 151.22%.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: BofA raised its price target to $114, signaling stronger analyst conviction in Starbucks’ outlook and providing an immediate valuation tailwind for the shares. Bank of America Boosts Starbucks Price Target to $114
• Positive Sentiment: BTIG reaffirmed a “buy” rating with a $105 target, adding to analyst support that helps sustain recent investor momentum. BTIG Reaffirms Buy on Starbucks
• Positive Sentiment: Starbucks announced an Investor Day for Jan. 29 where management (CEO Brian Niccol and CFO Cathy Smith) will unveil long-term strategy and answer questions — a catalyst that can reset investor expectations if management provides credible margin or growth targets. Starbucks to Host 2026 Investor Day
• Positive Sentiment: Operational initiatives — described as “coffeehouse coaches” — are being credited with improving store execution and easing labor tensions, a constructive sign for same-store sales and throughput. Coffeehouse Coaches Give Starbucks Stock a Boost
• Neutral Sentiment: Analyst and media coverage notes a strong year-to-date rally in SBUX; coverage frames the move as momentum ahead of earnings rather than a confirmed turnaround. This buoyancy can attract momentum traders but raises expectations. Starbucks Huge 2026 Rally
• Neutral Sentiment: Zacks previews ahead of Q1 earnings provide consensus estimates and key metrics to watch (traffic, AUVs, margin trends); these previews are informational but underscore that results will be the immediate catalyst. Ahead of Starbucks Q1 Earnings: Estimates for Key Metrics
• Neutral Sentiment: Zacks and other outlets flag that while traffic and sales are stabilizing, EPS pressure from costs and a premium valuation leave little room for disappointment at the upcoming report. Should You Buy, Sell or Hold Before Q1 Earnings?
• Negative Sentiment: A local “cup kerfuffle” in Tucson drew negative headlines and briefly raised reputational and operational risk questions; while the incident hasn’t halted the rally, it shows headline risk still exists for a consumer-facing brand. Another Cup Kerfuffle Hits Starbucks in Tucson
• Neutral Sentiment: Broader analyst commentary discusses shifting price targets and fair-value assumptions — useful context but not an immediate operational driver. How Changing Analyst Stories Shape Starbucks Price Targets

Insider Buying and Selling at Starbucks

In related news, Director Jorgen Vig Knudstorp purchased 11,700 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $85.00 per share, for a total transaction of $994,500.00. Following the purchase, the director owned 53,096 shares in the company, valued at $4,513,160. The trade was a 28.26% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

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.