Synergy Asset Management LLC Sells 11,403 Shares of Starbucks Corporation $SBUX

Synergy Asset Management LLC cut its holdings in Starbucks Corporation (NASDAQ:SBUX) by 75.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,803 shares of the coffee company’s stock after selling 11,403 shares during the quarter. Synergy Asset Management LLC’s holdings in Starbucks were worth $320,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SBUX. Brighton Jones LLC grew its stake in shares of Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after buying an additional 81,952 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in Starbucks by 47.0% during the second quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock valued at $334,000 after buying an additional 1,164 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Starbucks by 6.6% in the second quarter. J.W. Cole Advisors Inc. now owns 30,149 shares of the coffee company’s stock worth $2,763,000 after acquiring an additional 1,871 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Starbucks by 21.0% in the second quarter. Quadrant Capital Group LLC now owns 36,950 shares of the coffee company’s stock worth $3,386,000 after acquiring an additional 6,420 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Starbucks by 1.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 1,111,509 shares of the coffee company’s stock worth $101,848,000 after acquiring an additional 16,750 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $86.81 on Friday. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $104.82. The company has a market cap of $98.90 billion, a P/E ratio of 71.74, a PEG ratio of 2.03 and a beta of 0.93. The stock’s fifty day moving average price is $95.98 and its 200-day moving average price is $88.73.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The business had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. Starbucks’s quarterly revenue 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, sell-side analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Brady Brewer sold 588 shares of Starbucks stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the completion of the sale, the chief executive officer directly owned 86,017 shares in the company, valued at $8,601,700. The trade was a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sara Kelly sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $242,800.00. Following the transaction, the executive vice president directly owned 59,609 shares of the company’s stock, valued at $5,789,226.08. The trade was a 4.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,729 shares of company stock valued at $460,974 over the last quarter. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SBUX. Piper Sandler restated an “overweight” rating and set a $103.00 price target (up from $100.00) on shares of Starbucks in a report on Friday, January 30th. Wolfe Research began coverage on shares of Starbucks in a research report on Monday, March 9th. They set a “peer perform” rating on the stock. UBS Group restated a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. Citigroup decreased their target price on shares of Starbucks from $94.00 to $92.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Finally, William Blair upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Fifteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.81.

Starbucks Company 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.