Starbucks Corporation $SBUX Stock Holdings Increased by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 26.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 24,724 shares of the coffee company’s stock after buying an additional 5,137 shares during the quarter. Ritholtz Wealth Management’s holdings in Starbucks were worth $2,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. Norges Bank purchased a new stake in Starbucks in the 4th quarter worth approximately $1,232,650,000. Capital Research Global Investors boosted its stake in shares of Starbucks by 11.4% during the 3rd quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock valued at $7,229,968,000 after buying an additional 8,774,198 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Starbucks by 65.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after acquiring an additional 7,725,547 shares in the last quarter. Capital World Investors grew its holdings in shares of Starbucks by 9.0% during the 4th quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after acquiring an additional 7,007,268 shares in the last quarter. Finally, Corient Private Wealth LLC increased its stake in shares of Starbucks by 146.6% in the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock worth $553,201,000 after acquiring an additional 3,596,014 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction 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 $8,548,198.79. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value 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 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. In the last three months, insiders have sold 8,687 shares of company stock worth $863,707. 0.03% of the stock is currently owned by insiders.

Starbucks Trading Up 1.4%

SBUX stock 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. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88. The company has a fifty day simple moving average of $101.50 and a 200 day simple moving average of $95.76.

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 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 prior year, the business posted $0.41 earnings per share. The business’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, analysts forecast that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SBUX has been the subject of several recent research reports. Scotiabank lowered Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $115.00 target price (up from $110.00) on shares of Starbucks in a research report on Wednesday, April 29th. BTIG Research downgraded Starbucks from a “buy” rating to a “neutral” rating in a research note on Thursday, May 14th. Stephens assumed coverage on Starbucks in a report on Thursday, May 14th. They set an “overweight” rating for the company. Finally, DA Davidson boosted 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 analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and a consensus price target of $108.59.

Starbucks 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.