Kercheville Advisors LLC Boosts Stock Position in Starbucks Corporation $SBUX

Kercheville Advisors LLC raised its holdings in Starbucks Corporation (NASDAQ:SBUX) by 26.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,868 shares of the coffee company’s stock after purchasing an additional 8,794 shares during the period. Starbucks comprises approximately 1.3% of Kercheville Advisors LLC’s holdings, making the stock its 24th largest holding. Kercheville Advisors LLC’s holdings in Starbucks were worth $4,278,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SBUX. Sunbelt Securities Inc. increased its stake in shares of Starbucks by 1.0% in the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock worth $849,000 after buying an additional 97 shares during the last quarter. Webster Bank N. A. boosted its stake in Starbucks by 7.8% during the 2nd quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock valued at $143,000 after acquiring an additional 101 shares during the last quarter. Nilsine Partners LLC grew its holdings in Starbucks by 1.0% during the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock worth $1,026,000 after acquiring an additional 101 shares in the last quarter. Beta Wealth Group Inc. grew its holdings in Starbucks by 1.7% during the 2nd quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock worth $635,000 after acquiring an additional 102 shares in the last quarter. Finally, Elgethun Capital Management increased its position in shares of Starbucks by 9.4% in the 2nd quarter. Elgethun Capital Management now owns 1,219 shares of the coffee company’s stock worth $125,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

NASDAQ SBUX opened at $106.01 on Wednesday. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The company has a 50-day simple moving average of $104.21 and a 200-day simple moving average of $100.15. The firm has a market capitalization of $120.85 billion, a PE ratio of 60.93, 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. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. Starbucks’s quarterly revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders 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 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio is presently 142.53%.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of recent analyst reports. Robert W. Baird set a $124.00 target price on shares of Starbucks in a research note on Thursday, July 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $115.00 price objective (up from $110.00) on shares of Starbucks in a report on Thursday, July 30th. Raymond James Financial lowered Starbucks to an “outperform” rating in a report on Monday, August 3rd. Scotiabank downgraded Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Finally, Morgan Stanley lowered Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $110.30.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the sale, the chief executive officer owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,687 shares of company stock valued at $681,663. Company insiders own 0.03% of the company’s stock.

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.