KCM Investment Advisors LLC reduced its position in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,990 shares of the coffee company’s stock after selling 8,339 shares during the period. KCM Investment Advisors LLC’s holdings in Starbucks were worth $8,757,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Starbucks by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock worth $9,596,931,000 after acquiring an additional 577,279 shares during the last quarter. Compass Wealth Management LLC raised its holdings in Starbucks by 33.5% in the 3rd quarter. Compass Wealth Management LLC now owns 79,193 shares of the coffee company’s stock worth $6,700,000 after acquiring an additional 19,877 shares during the last quarter. Oak Thistle LLC purchased a new position in Starbucks in the 4th quarter worth approximately $1,149,000. Czech National Bank raised its holdings in Starbucks by 3.9% in the 4th quarter. Czech National Bank now owns 299,833 shares of the coffee company’s stock worth $25,249,000 after acquiring an additional 11,135 shares during the last quarter. Finally, Goodman Financial Corp purchased a new position in Starbucks in the 4th quarter worth approximately $8,811,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
SBUX has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $115.00 price objective (up from $110.00) on shares of Starbucks in a report on Wednesday, April 29th. Wedbush initiated coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “outperform” rating for the company. Scotiabank lowered shares of Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Stephens began coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an “overweight” rating for the company. Finally, TD Cowen upgraded shares of Starbucks from a “hold” rating to a “buy” rating and boosted their target price for the company from $106.00 to $120.00 in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.93.
Starbucks Trading Up 0.7%
Shares of SBUX opened at $103.04 on Friday. The firm has a market cap of $117.43 billion, a PE ratio of 78.06, a P/E/G ratio of 2.03 and a beta of 0.98. The firm has a fifty day simple moving average of $100.27 and a two-hundred day simple moving average of $94.64. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88.
Starbucks (NASDAQ:SBUX – Get Free Report) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, research analysts forecast that Starbucks Corporation will post 2.42 EPS for the current fiscal year.
Starbucks Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks’s payout ratio is presently 187.88%.
Key Headlines Impacting Starbucks
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Reports say Tata Starbucks plans to add as many as 100 stores per year in India, signaling continued international expansion and another avenue for long-term unit growth. Tata Starbucks to add up to 100 stores annually in India – report
- Positive Sentiment: Starbucks is reportedly evaluating sale and IPO options for its Japan operations, which could unlock value, simplify the business, and provide capital for other priorities. Starbucks Evaluates Sale and IPO Options for Japanese Operations (SBUX)
- Positive Sentiment: Investor and trader interest appears to be rising, with unusual call-option activity and multiple “trending stock” articles suggesting renewed bullish attention on SBUX. Is Trending Stock Starbucks Corporation (SBUX) a Buy Now?
- Neutral Sentiment: Several articles are analyst-style commentary asking whether Starbucks is a good buy now; these reinforce attention on the name but do not add new fundamental information. Is Starbucks Corporation (SBUX) A Good Stock To Buy Now?
- Neutral Sentiment: The Bearista cup promotion tied to the World Cup may help merchandise buzz and traffic, but it is a smaller, less material catalyst than the Japan and India expansion news. The Bearista Cup Returns for the World Cup, Starbucks Stock (NASDAQ:SBUX) Gains
Insiders Place Their Bets
In other news, CEO Brady Brewer sold 1,641 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $94.33, for a total transaction of $154,795.53. Following the completion of the sale, the chief executive officer owned 80,181 shares of the company’s stock, valued at $7,563,473.73. The trade was a 2.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the executive vice president directly owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. The trade was a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 8,099 shares of company stock valued at $804,907. Insiders own 0.03% of the company’s stock.
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.
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