Gibbs Wealth Management Purchases 5,772 Shares of Starbucks Corporation $SBUX

Gibbs Wealth Management lifted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 30.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,683 shares of the coffee company’s stock after acquiring an additional 5,772 shares during the period. Gibbs Wealth Management’s holdings in Starbucks were worth $2,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SBUX. Rachor Investment Advisory Services LLC acquired a new position in Starbucks during the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in Starbucks in the fourth quarter valued at approximately $25,000. Phillip James Consulting Co. bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $25,000. Entrust Financial LLC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $26,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Starbucks during the third quarter worth approximately $27,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on SBUX. Piper Sandler reissued an “overweight” rating and issued a $110.00 price target on shares of Starbucks in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Starbucks in a report on Wednesday, April 29th. Stifel Nicolaus set a $117.00 price objective on shares of Starbucks and gave the company a “buy” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada cut shares of Starbucks from a “sector perform” rating to a “positive” rating in a report on Thursday, May 14th. Finally, Citizens Jmp started coverage on shares of Starbucks in a research report on Monday, March 30th. They set an “underperform” rating and a $84.00 target price for the company. Nineteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.42.

Insider Activity

In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the stock in a transaction dated Wednesday, April 29th. The shares were 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 in the company, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00. Following the transaction, the chief executive officer directly owned 77,364 shares in the company, valued at approximately $8,045,856. This represents a 2.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 8,687 shares of company stock worth $889,033. 0.03% of the stock is owned by corporate insiders.

Starbucks Trading Down 0.7%

Shares of Starbucks stock opened at $103.21 on Friday. The company has a market capitalization of $117.63 billion, a P/E ratio of 78.19, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. The stock has a fifty day simple moving average of $102.40 and a 200 day simple moving average of $98.47. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $109.23.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, analysts predict that Starbucks Corporation will post 2.41 EPS for the current year.

Starbucks Announces Dividend

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

About Starbucks

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.