SVB Wealth LLC Lowers Position in Starbucks Corporation $SBUX

SVB Wealth LLC trimmed its stake in Starbucks Corporation (NASDAQ:SBUX) by 42.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,137 shares of the coffee company’s stock after selling 13,923 shares during the quarter. SVB Wealth LLC’s holdings in Starbucks were worth $1,612,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SBUX. Collier Financial purchased a new stake in Starbucks in the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC purchased a new stake in Starbucks in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd purchased a new stake in Starbucks in the third quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new stake in Starbucks in the third quarter valued at approximately $27,000. Finally, Kelleher Financial Advisors purchased a new stake in Starbucks in the third quarter valued at approximately $27,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. BNP Paribas Exane lifted their price target on shares of Starbucks from $84.00 to $87.00 and gave the company an “underperform” rating in a research report on Wednesday, April 29th. UBS Group reaffirmed a “neutral” rating and set a $105.00 price target (up from $100.00) on shares of Starbucks in a research report on Wednesday, April 29th. Barclays set a $116.00 price target on shares of Starbucks and gave the company an “overweight” rating in a research report on Friday, January 30th. Wolfe Research assumed coverage on shares of Starbucks in a research report on Monday, March 9th. They set a “peer perform” rating on the stock. Finally, Stifel Nicolaus set a $117.00 price target on shares of Starbucks and gave the company a “buy” rating in a research report on Wednesday, May 6th. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.00.

Starbucks Trading Up 0.8%

NASDAQ SBUX opened at $105.74 on Tuesday. The company’s fifty day simple moving average is $97.36 and its 200-day simple moving average is $91.82. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $108.04. The stock has a market cap of $120.51 billion, a P/E ratio of 80.11, a PEG ratio of 2.12 and a beta of 1.01.

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

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th 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 of this dividend is Friday, May 15th. Starbucks’s payout ratio is presently 187.88%.

Insiders Place Their Bets

In related news, EVP Sara Kelly sold 2,500 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $242,800.00. Following the sale, the executive vice president directly 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 legal filing with the SEC, which is accessible through this link. Also, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total transaction of $233,621.49. Following the completion of the sale, the chief executive officer directly owned 81,559 shares in the company, valued at $8,548,198.79. This represents a 2.66% decrease in their ownership of the stock. 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 three months, insiders have sold 11,187 shares of company stock worth $1,111,085. Corporate 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.