Chicago Partners Investment Group LLC boosted its holdings in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 32.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,303 shares of the coffee company’s stock after purchasing an additional 6,748 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Starbucks were worth $2,717,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in SBUX. Rachor Investment Advisory Services LLC bought a new position in shares of Starbucks in the 4th quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Starbucks in the 4th quarter valued at about $25,000. Phillip James Consulting Co. bought a new stake in shares of Starbucks during the 4th quarter valued at about $25,000. Entrust Financial LLC bought a new stake in shares of Starbucks during the 4th quarter valued at about $26,000. Finally, Tucker Asset Management LLC acquired a new stake in Starbucks during the fourth quarter worth about $27,000. Institutional investors own 72.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on SBUX. Wedbush assumed coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “outperform” rating on the stock. The Goldman Sachs Group cut Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Piper Sandler reissued an “overweight” rating and issued a $110.00 price target on shares of Starbucks in a report on Wednesday, April 29th. Jefferies Financial Group began coverage on Starbucks in a research report on Thursday, May 14th. They set a “buy” rating for the company. Finally, Tigress Financial began coverage on Starbucks in a research note on Wednesday, April 15th. They set a “buy” rating and a $122.00 price objective for the company. Nineteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.92.
Starbucks Trading Up 1.3%
NASDAQ SBUX opened at $107.34 on Tuesday. The company has a 50-day moving average price of $102.47 and a two-hundred day moving average price of $97.31. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $108.88. The stock has a market cap of $122.34 billion, a price-to-earnings ratio of 81.32, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98.
Starbucks (NASDAQ:SBUX – Get Free Report) last released its quarterly 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. The company had revenue of $9.53 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities research analysts expect that Starbucks Corporation will post 2.4 earnings per share for the current fiscal year.
Starbucks Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks’s payout ratio is presently 187.88%.
Insiders Place Their Bets
In other news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00. Following the transaction, the chief executive officer directly owned 77,364 shares of the company’s stock, valued at approximately $8,045,856. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 dated 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 owned 57,653 shares in the company, valued at approximately $6,053,565. This represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,275 shares of company stock valued at $947,833 in the last quarter. 0.03% of the stock is currently owned by insiders.
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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