Private Advisor Group LLC reduced its stake in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 15.0% during the 1st quarter, Holdings Channel reports. The fund owned 108,441 shares of the coffee company’s stock after selling 19,184 shares during the period. Private Advisor Group LLC’s holdings in Starbucks were worth $9,715,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBUX. Rachor Investment Advisory Services LLC acquired a new position in Starbucks in the 4th quarter valued at about $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of Starbucks during the fourth quarter worth about $25,000. Phillip James Consulting Co. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Entrust Financial LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $26,000. Finally, Tucker Asset Management LLC purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Dbs Bank raised shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a research note on Friday, March 20th. Stifel Nicolaus set a $117.00 target price on Starbucks and gave the company a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Evercore raised their price target on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Wedbush began coverage on Starbucks in a report on Thursday, May 14th. They issued an “outperform” rating for the company. Nineteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and an average price target of $108.92.
Insider Buying and Selling
In other news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the transaction, the chief executive officer owned 81,559 shares of the company’s stock, valued at approximately $8,548,198.79. This trade represents a 2.66% 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 firm’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 completion of the transaction, the executive vice president directly owned 57,653 shares in the company, valued at approximately $6,053,565. This 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. Over the last ninety days, insiders have sold 7,046 shares of company stock worth $716,017. 0.03% of the stock is currently owned by corporate insiders.
Starbucks Stock Performance
Shares of SBUX opened at $104.27 on Monday. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $108.88. The firm has a market capitalization of $118.84 billion, a P/E ratio of 78.99, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. The stock’s fifty day simple moving average is $101.97 and its 200 day simple moving average is $96.53.
Starbucks (NASDAQ:SBUX – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The company 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 firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts predict that Starbucks Corporation will post 2.4 earnings per share for the current year.
Starbucks Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is presently 187.88%.
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.
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