Physicians Financial Services Inc. Acquires 8,487 Shares of Starbucks Corporation $SBUX

Physicians Financial Services Inc. raised its stake in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 111.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,106 shares of the coffee company’s stock after buying an additional 8,487 shares during the period. Physicians Financial Services Inc.’s holdings in Starbucks were worth $1,443,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. KRS Capital Management LLC increased its holdings in shares of Starbucks by 5.2% during the 1st quarter. KRS Capital Management LLC now owns 3,956 shares of the coffee company’s stock valued at $354,000 after acquiring an additional 197 shares during the last quarter. Osbon Capital Management LLC bought a new stake in Starbucks during the fourth quarter worth approximately $67,000. World Investment Advisors grew its holdings in Starbucks by 6.9% during the fourth quarter. World Investment Advisors now owns 86,981 shares of the coffee company’s stock valued at $7,325,000 after purchasing an additional 5,635 shares during the last quarter. Meadowbrook Advisors Group LLC bought a new position in shares of Starbucks in the fourth quarter valued at approximately $368,000. Finally, Green Ridge Wealth Planning LLC acquired a new stake in shares of Starbucks in the fourth quarter worth $259,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

SBUX stock opened at $100.65 on Friday. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $108.88. The company has a market cap of $114.71 billion, a PE ratio of 76.25, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The business’s 50-day simple moving average is $101.00 and its 200 day simple moving average is $95.17.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The company 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 company earned $0.41 EPS. 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. On average, equities research analysts anticipate that Starbucks Corporation will post 2.4 EPS for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a yield of 2.5%. Starbucks’s payout ratio is currently 187.88%.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

Wall Street Analyst Weigh In

SBUX has been the subject of a number of research analyst reports. BTIG Research lowered shares of Starbucks from a “buy” rating to a “neutral” rating in a research report on Thursday, May 14th. BNP Paribas Exane assumed coverage on Starbucks in a research report on Thursday, May 14th. They set an “underperform” rating for the company. Wells Fargo & Company restated an “overweight” rating and set a $115.00 target price (up from $110.00) on shares of Starbucks in a research note on Wednesday, April 29th. The Goldman Sachs Group downgraded Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Finally, DA Davidson increased their price objective on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.93.

View Our Latest Stock Report on Starbucks

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the transaction, the chief executive officer directly owned 79,593 shares of the company’s stock, valued at approximately $7,959,300. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a legal filing 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 trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,687 shares of company stock worth $863,707 in the last three months. Insiders own 0.03% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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