Sei Investments Co. lessened its stake in shares of Starbucks Corporation (NASDAQ:SBUX – Free Report) by 34.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 437,584 shares of the coffee company’s stock after selling 233,517 shares during the period. Sei Investments Co.’s holdings in Starbucks were worth $39,211,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of SBUX. Oak Thistle LLC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $1,149,000. Wealth Enhancement Trust Services Inc. acquired a new position in Starbucks during the 4th quarter worth $875,000. Third View Private Wealth LLC bought a new position in Starbucks in the 4th quarter valued at $3,135,000. B. Metzler seel. Sohn & Co. AG boosted its position in Starbucks by 36.4% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 88,374 shares of the coffee company’s stock valued at $7,442,000 after buying an additional 23,589 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its stake in shares of Starbucks by 94.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock valued at $7,938,000 after buying an additional 45,794 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on SBUX shares. Citizens Jmp assumed coverage on Starbucks in a research report on Monday, March 30th. They set an “underperform” rating and a $84.00 target price for the company. DA Davidson lifted their price objective on Starbucks from $97.00 to $102.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada cut Starbucks from a “sector perform” rating to a “positive” rating in a report on Thursday, May 14th. Zacks Research cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, The Goldman Sachs Group downgraded shares of Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Nineteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.42.
More Starbucks News
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: UBS said Starbucks is likely to report continued sales momentum in fiscal Q3, pointing to progress in its turnaround efforts and stronger near-term demand trends. Starbucks Sales Momentum Likely Continued in Fiscal Q3, UBS Says
- Positive Sentiment: UBS also said Starbucks’ turnaround strategy could drive U.S. comparable sales above consensus expectations, which supports the bullish case ahead of earnings. Starbucks’ Turnaround Strategy Could Drive US Comparable Sale Upside, UBS Says
- Positive Sentiment: Multiple pre-earnings previews note improving traffic, loyalty momentum, and product innovation, reinforcing expectations that Starbucks may be stabilizing operations. Starbucks Q3 Earnings Ahead: Buy, Sell or Hold the Stock?
- Neutral Sentiment: Wall Street outlook pieces are highlighting upcoming Q3 estimates and key operating metrics, suggesting investors are waiting for the actual earnings report for confirmation. Unveiling Starbucks (SBUX) Q3 Outlook: Wall Street Estimates for Key Metrics
- Neutral Sentiment: Broader consumer stocks were stronger late Friday, providing a supportive sector backdrop for Starbucks rather than a company-specific catalyst. Sector Update: Consumer Stocks Rise Late Afternoon
- Positive Sentiment: Recent coverage says Starbucks is outperforming the Nasdaq-100 this year, reflecting renewed investor optimism around the stock’s recovery story. Starbucks Is on Track to Beat the Nasdaq-100 for the First Time Since 2022. Is There More Room to Run?
Insider Buying and Selling
In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the business’s 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 transaction, the executive vice president owned 57,653 shares of the company’s stock, valued at $6,053,565. The trade was a 3.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $104.00, for a total value of $231,816.00. Following the sale, the chief executive officer owned 77,364 shares in the company, valued at approximately $8,045,856. This represents a 2.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 8,687 shares of company stock valued at $889,033. Corporate insiders own 0.03% of the company’s stock.
Starbucks Price Performance
Shares of SBUX stock opened at $103.25 on Monday. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $109.23. The company’s fifty day simple moving average is $102.32 and its 200-day simple moving average is $98.59. The firm has a market cap of $117.67 billion, a PE ratio of 78.22, a P/E/G ratio of 2.05 and a beta of 0.98.
Starbucks (NASDAQ:SBUX – Get Free Report) last released 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 the consensus estimate of $9.17 billion. During the same quarter last year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts predict that Starbucks Corporation will post 2.41 earnings per share for the current fiscal year.
Starbucks Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given 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 2.4%. Starbucks’s dividend payout ratio is 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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