Dickmeyer Boyce Financial Management Inc. Takes Position in Starbucks Corporation $SBUX

Dickmeyer Boyce Financial Management Inc. acquired a new stake in Starbucks Corporation (NASDAQ:SBUXFree Report) in the first quarter, Holdings Channel reports. The firm acquired 28,249 shares of the coffee company’s stock, valued at approximately $2,531,000. Starbucks accounts for approximately 1.5% of Dickmeyer Boyce Financial Management Inc.’s holdings, making the stock its 20th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks in the fourth quarter worth $25,000. Phillip James Consulting Co. acquired a new stake in shares of Starbucks in the fourth quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new position in Starbucks in the fourth quarter valued at $25,000. Entrust Financial LLC purchased a new position in Starbucks in the fourth quarter valued at $26,000. Finally, Financial Freedom LLC grew its stake in Starbucks by 296.2% during the 1st quarter. Financial Freedom LLC now owns 313 shares of the coffee company’s stock worth $28,000 after purchasing an additional 234 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Down 0.7%

Shares of NASDAQ SBUX opened at $103.21 on Friday. The stock has a market cap of $117.63 billion, a P/E ratio of 78.19, a P/E/G ratio of 2.07 and a beta of 0.98. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $109.23. The stock has a 50 day moving average of $102.40 and a two-hundred day moving average of $98.47.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, research analysts predict that Starbucks Corporation will post 2.41 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.4%. Starbucks’s dividend payout ratio is presently 187.88%.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Monday, July 6th. The shares were 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 of the company’s stock, valued at $8,045,856. The trade was a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 in the company, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,687 shares of company stock valued at $889,033 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SBUX shares. The Goldman Sachs Group lowered Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Piper Sandler reiterated an “overweight” rating and issued a $110.00 price target on shares of Starbucks in a research note on Wednesday, April 29th. Stephens started coverage on shares of Starbucks in a report on Thursday, May 14th. They set an “overweight” rating for the company. Finally, BTIG Research lowered shares of Starbucks from a “buy” rating to a “neutral” rating in a report on Thursday, May 14th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $109.42.

View Our Latest Report on Starbucks

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.

See Also

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUXFree Report).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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