Vanguard Personalized Indexing Management LLC Acquires 9,285 Shares of Starbucks Corporation $SBUX

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 153,502 shares of the coffee company’s stock after acquiring an additional 9,285 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Starbucks were worth $12,926,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Starbucks by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after purchasing an additional 577,279 shares during the last quarter. Compass Wealth Management LLC raised its stake in shares of Starbucks by 33.5% in the third quarter. Compass Wealth Management LLC now owns 79,193 shares of the coffee company’s stock worth $6,700,000 after purchasing an additional 19,877 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Starbucks in the fourth quarter valued at approximately $1,149,000. Czech National Bank boosted its position in shares of Starbucks by 3.9% during the fourth quarter. Czech National Bank now owns 299,833 shares of the coffee company’s stock valued at $25,249,000 after buying an additional 11,135 shares during the last quarter. Finally, Goodman Financial Corp purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $8,811,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wells Fargo & Company reissued an “overweight” rating and issued a $115.00 price target (up from $110.00) on shares of Starbucks in a research report on Wednesday, April 29th. Guggenheim reaffirmed a “neutral” rating and set a $97.00 price objective (up from $95.00) on shares of Starbucks in a report on Wednesday, April 29th. Evercore increased their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a research report on Wednesday, March 4th. Finally, Morgan Stanley upgraded shares of Starbucks from an “overweight” rating to an “overweight” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and an average price target of $107.93.

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Trending Headlines about Starbucks

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Starbucks Stock Performance

SBUX stock opened at $103.04 on Monday. The stock has a market cap of $117.43 billion, a P/E ratio of 78.06, a P/E/G ratio of 2.03 and a beta of 0.98. The stock’s fifty day simple moving average is $100.27 and its two-hundred day simple moving average is $94.72. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, analysts forecast that Starbucks Corporation will post 2.42 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks’s payout ratio is currently 187.88%.

Insider Activity

In other news, CEO Brady Brewer sold 1,641 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $7,563,473.73. This trade represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of Starbucks stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the executive vice president directly owned 57,653 shares in the company, valued at $6,053,565. This trade represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 8,099 shares of company stock worth $804,907. Insiders own 0.03% of the company’s stock.

Starbucks 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.

See Also

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUXFree Report).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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