Starbucks Corporation $SBUX Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. reduced its position in Starbucks Corporation (NASDAQ:SBUX) by 9.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 62,384 shares of the coffee company’s stock after selling 6,750 shares during the period. Wesbanco Bank Inc.’s holdings in Starbucks were worth $5,589,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Rachor Investment Advisory Services LLC purchased a new position in shares of Starbucks during the 4th quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new stake in Starbucks in the 4th quarter valued at $25,000. Phillip James Consulting Co. purchased a new stake in shares of Starbucks during the 4th quarter valued at about $25,000. Entrust Financial LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at approximately $26,000. Finally, Tucker Asset Management LLC purchased a new stake in Starbucks during the 4th quarter worth $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Starbucks news, 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 value of $210,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 588 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the transaction, the chief executive officer directly owned 79,593 shares in the company, valued at approximately $7,959,300. This represents a 0.73% decrease in their position. 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 8,687 shares of company stock valued at $863,707 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SBUX. Piper Sandler reissued an “overweight” rating and issued a $110.00 target price on shares of Starbucks in a research report on Wednesday, April 29th. JPMorgan Chase & Co. increased their target price on Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Dbs Bank upgraded Starbucks from a “strong sell” rating to a “moderate sell” rating in a research report on Friday, March 20th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a research report on Wednesday, March 4th. Finally, DA Davidson increased their price target on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and an average price target of $108.59.

Starbucks Stock Performance

Shares of SBUX opened at $104.60 on Friday. The firm has a market cap of $119.21 billion, a PE ratio of 79.24, a PEG ratio of 2.05 and a beta of 0.98. The firm’s 50 day moving average price is $101.50 and its 200 day moving average price is $95.76. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $108.88.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping 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 company had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’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, sell-side analysts anticipate that Starbucks Corporation will post 2.4 earnings per share for the current fiscal year.

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.