Starbucks Corporation $SBUX Shares Purchased by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 300.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,082 shares of the coffee company’s stock after buying an additional 12,070 shares during the quarter. Starbucks comprises 1.4% of ORBA Wealth Advisors L.L.C.’s holdings, making the stock its 20th biggest position. ORBA Wealth Advisors L.L.C.’s holdings in Starbucks were worth $1,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SBUX. Sunbelt Securities Inc. increased its stake in shares of Starbucks by 1.0% during the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock valued at $849,000 after acquiring an additional 97 shares during the period. Webster Bank N. A. lifted its position in Starbucks by 7.8% in the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock worth $143,000 after purchasing an additional 101 shares during the period. Beta Wealth Group Inc. lifted its position in Starbucks by 1.7% in the first quarter. Beta Wealth Group Inc. now owns 6,114 shares of the coffee company’s stock worth $548,000 after purchasing an additional 103 shares during the period. GHP Investment Advisors Inc. boosted its stake in Starbucks by 2.1% during the 2nd quarter. GHP Investment Advisors Inc. now owns 5,321 shares of the coffee company’s stock valued at $544,000 after purchasing an additional 107 shares in the last quarter. Finally, NWF Advisory Services Inc. boosted its stake in Starbucks by 2.6% during the 4th quarter. NWF Advisory Services Inc. now owns 4,349 shares of the coffee company’s stock valued at $366,000 after purchasing an additional 109 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Stifel Nicolaus set a $117.00 price objective on Starbucks and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Scotiabank cut Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. BMO Capital Markets reaffirmed an “outperform” rating and set a $130.00 target price on shares of Starbucks in a report on Thursday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $109.92.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $107.69 on Friday. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The stock has a fifty day moving average of $103.78 and a 200-day moving average of $99.97. The company has a market capitalization of $122.77 billion, a PE ratio of 61.89, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, research analysts forecast that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The business 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 $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is 142.53%.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the sale, the chief executive officer owned 75,135 shares in the company, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,687 shares of company stock valued at $681,663. Company insiders own 0.03% of the company’s stock.

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.