Wealth Science Advisors LLC Grows Position in Starbucks Corporation $SBUX

Wealth Science Advisors LLC increased its holdings in Starbucks Corporation (NASDAQ:SBUXFree Report) by 317.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,104 shares of the coffee company’s stock after buying an additional 9,207 shares during the quarter. Starbucks comprises approximately 0.5% of Wealth Science Advisors LLC’s portfolio, making the stock its 29th biggest position. Wealth Science Advisors LLC’s holdings in Starbucks were worth $1,237,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SBUX. Rachor Investment Advisory Services LLC bought a new stake in shares of Starbucks in the fourth quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new stake in Starbucks in the 4th quarter worth approximately $25,000. Phillip James Consulting Co. bought a new stake in Starbucks in the 4th quarter worth approximately $25,000. Entrust Financial LLC purchased a new stake in Starbucks during the 4th quarter valued at $26,000. Finally, Tucker Asset Management LLC bought a new position in shares of Starbucks during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the transaction, the chief executive officer owned 75,135 shares in the company, valued at $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $115.00 price target (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. Stifel Nicolaus set a $117.00 target price on Starbucks and gave the company a “buy” rating in a report on Wednesday, May 6th. Zacks Research cut Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Robert W. Baird set a $124.00 price target on Starbucks in a research note on Thursday, July 30th. Finally, Scotiabank downgraded shares of Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $111.96.

Get Our Latest Research Report on Starbucks

Starbucks Price Performance

SBUX stock opened at $105.58 on Friday. The company has a market capitalization of $120.36 billion, a price-to-earnings ratio of 60.68, a PEG ratio of 1.82 and a beta of 0.97. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $109.23. The business has a 50 day simple moving average of $102.60 and a two-hundred day simple moving average of $99.55.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. Starbucks’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Sell-side analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks’s payout ratio is presently 142.53%.

Starbucks Company 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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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