Vise Technologies Inc. Has $2.27 Million Holdings in Starbucks Corporation $SBUX

Vise Technologies Inc. grew its holdings in Starbucks Corporation (NASDAQ:SBUXFree Report) by 62.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,910 shares of the coffee company’s stock after acquiring an additional 10,368 shares during the quarter. Vise Technologies Inc.’s holdings in Starbucks were worth $2,266,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SBUX. Collier Financial acquired a new position in Starbucks during the third quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new position in Starbucks during the fourth quarter worth $25,000. Y.D. More Investments Ltd acquired a new position in Starbucks during the third quarter worth $26,000. Entrust Financial LLC acquired a new position in Starbucks during the fourth quarter worth $26,000. Finally, Tucker Asset Management LLC acquired a new position in Starbucks during the fourth quarter worth $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

Analyst Ratings Changes

A number of brokerages recently weighed in on SBUX. Dbs Bank upgraded shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a report on Friday, March 20th. BTIG Research downgraded shares of Starbucks from a “buy” rating to a “neutral” rating in a report on Thursday, May 14th. Evercore boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. Finally, Guggenheim restated a “neutral” rating and set a $97.00 target price (up from $95.00) on shares of Starbucks in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.48.

Check Out Our Latest Report on SBUX

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the completion of the sale, the chief executive officer owned 81,559 shares of the company’s stock, valued at approximately $8,548,198.79. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 business’s 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 completion of the sale, the executive vice president directly owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. The trade was 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 quarter, insiders sold 7,046 shares of company stock worth $708,911. Corporate insiders own 0.03% of the company’s stock.

Starbucks Price Performance

NASDAQ:SBUX opened at $95.29 on Friday. Starbucks Corporation has a one year low of $77.99 and a one year high of $108.88. The company has a market cap of $108.60 billion, a P/E ratio of 72.19, a P/E/G ratio of 1.88 and a beta of 0.98. The firm’s fifty day moving average price is $99.24 and its two-hundred day moving average price is $94.10.

Starbucks (NASDAQ:SBUXGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The firm had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. 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 2.42 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, May 15th. Starbucks’s payout ratio is currently 187.88%.

About Starbucks

(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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