52,211 Shares in Starbucks Corporation $SBUX Purchased by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC acquired a new position in Starbucks Corporation (NASDAQ:SBUXFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 52,211 shares of the coffee company’s stock, valued at approximately $4,417,000. Starbucks makes up about 1.1% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding.

Several other institutional investors have also recently made changes to their positions in SBUX. Transce3nd LLC raised its position in shares of Starbucks by 270.3% in the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after acquiring an additional 200 shares during the period. Collier Financial purchased a new position in shares of Starbucks in the 3rd quarter valued at about $25,000. Y.D. More Investments Ltd purchased a new position in shares of Starbucks in the 3rd quarter valued at about $26,000. JPL Wealth Management LLC acquired a new position in Starbucks in the 3rd quarter worth about $27,000. Finally, Kelleher Financial Advisors purchased a new position in Starbucks during the third quarter worth approximately $27,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Starbucks

In other Starbucks news, EVP Sara Kelly sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $242,800.00. Following the transaction, the executive vice president owned 59,609 shares of the company’s stock, valued at $5,789,226.08. This represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brady Brewer sold 1,641 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total transaction of $159,373.92. Following the completion of the transaction, the chief executive officer owned 86,605 shares in the company, valued at approximately $8,411,077.60. This represents a 1.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,729 shares of company stock worth $460,974. Corporate insiders own 0.03% of the company’s stock.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SBUX. BTIG Research reiterated a “buy” rating and issued a $105.00 target price on shares of Starbucks in a research report on Thursday, January 29th. DA Davidson initiated coverage on shares of Starbucks in a research note on Friday, March 6th. They issued a “neutral” rating and a $97.00 price target on the stock. Wolfe Research began coverage on Starbucks in a research note on Monday, March 9th. They set a “peer perform” rating for the company. Mizuho raised their target price on Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, January 26th. Finally, Piper Sandler reiterated an “overweight” rating and set a $103.00 price target (up from $100.00) on shares of Starbucks in a research report on Friday, January 30th. Fifteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Hold” and a consensus price target of $103.81.

Read Our Latest Analysis on Starbucks

Starbucks Stock Down 5.0%

Shares of NASDAQ:SBUX opened at $92.66 on Thursday. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $104.82. The business has a fifty day moving average of $95.78 and a two-hundred day moving average of $88.49. The stock has a market cap of $105.57 billion, a P/E ratio of 76.58, a PEG ratio of 2.17 and a beta of 0.93.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, equities analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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