Starbucks Corporation $SBUX Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its position in Starbucks Corporation (NASDAQ:SBUX) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 494,554 shares of the coffee company’s stock after selling 10,316 shares during the period. Pictet Asset Management Holding SA’s holdings in Starbucks were worth $44,307,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Oak Thistle LLC acquired a new stake in Starbucks in the fourth quarter worth about $1,149,000. Czech National Bank increased its stake in Starbucks by 3.9% during the 4th quarter. Czech National Bank now owns 299,833 shares of the coffee company’s stock valued at $25,249,000 after buying an additional 11,135 shares during the period. Goodman Financial Corp acquired a new position in Starbucks during the 4th quarter valued at about $8,811,000. Wealth Enhancement Trust Services Inc. bought a new stake in shares of Starbucks during the 4th quarter worth about $875,000. Finally, Third View Private Wealth LLC bought a new stake in shares of Starbucks during the 4th quarter worth about $3,135,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Down 1.8%

Shares of Starbucks stock opened at $102.19 on Wednesday. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $108.88. The firm has a market capitalization of $116.47 billion, a PE ratio of 77.42, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. The stock’s fifty day moving average is $101.65 and its 200-day moving average is $96.13.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.17 billion. During the same period in the prior year, the firm earned $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. Analysts expect that Starbucks Corporation will post 2.4 EPS for the current year.

Insider Buying and Selling

In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction on 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 directly owned 57,653 shares of the company’s stock, valued at $6,053,565. The trade was a 3.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on 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 $8,548,198.79. The trade was a 2.66% 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 a total of 8,687 shares of company stock valued at $863,707 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SBUX shares. UBS Group cut shares of Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. Scotiabank cut Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. upped 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. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a research report on Wednesday, March 4th. Finally, Stephens assumed coverage on Starbucks in a research note on Thursday, May 14th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and a consensus target price of $108.92.

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.