Oppenheimer Asset Management Inc. Lowers Holdings in Starbucks Corporation $SBUX

Oppenheimer Asset Management Inc. lowered its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,557 shares of the coffee company’s stock after selling 9,382 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Starbucks were worth $31,265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Transce3nd LLC raised its holdings 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 purchasing an additional 200 shares in the last quarter. Collier Financial purchased a new position in Starbucks during the third quarter valued at approximately $25,000. MTM Investment Management LLC bought a new position in Starbucks in the second quarter worth approximately $28,000. PFS Partners LLC lifted its holdings in 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 buying an additional 279 shares during the period. Finally, RMG Wealth Management LLC boosted its position in Starbucks by 109.9% during the 3rd quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Trading Up 3.5%

NASDAQ SBUX opened at $99.45 on Monday. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46. The company has a fifty day simple moving average of $89.04 and a two-hundred day simple moving average of $87.12. The stock has a market cap of $113.30 billion, a P/E ratio of 82.19, a P/E/G ratio of 2.22 and a beta of 0.96.

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

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, February 13th. Starbucks’s dividend payout ratio (DPR) is presently 204.96%.

Analysts Set New Price Targets

Several research firms have recently commented on SBUX. Wells Fargo & Company set a $110.00 price target on Starbucks in a research report on Wednesday, January 28th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a report on Monday, January 26th. Dbs Bank cut shares of Starbucks from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $113.00 price objective on shares of Starbucks in a research report on Thursday, January 29th. Finally, Wall Street Zen raised shares of Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.67.

Starbucks Company 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.