WT Wealth Management Invests $1.56 Million in Starbucks Corporation $SBUX

WT Wealth Management purchased a new stake in shares of Starbucks Corporation (NASDAQ:SBUX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 18,506 shares of the coffee company’s stock, valued at approximately $1,558,000.

Several other hedge funds have also bought and sold shares of the business. Collier Financial purchased a new position in shares of Starbucks during the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Starbucks in the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd purchased a new stake in shares of Starbucks in the 3rd quarter worth approximately $26,000. Kelleher Financial Advisors bought a new position in Starbucks during the 3rd quarter valued at approximately $27,000. Finally, JPL Wealth Management LLC purchased a new position in Starbucks during the third quarter valued at $27,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 0.9%

NASDAQ SBUX opened at $104.93 on Tuesday. The company has a 50-day moving average price of $96.53 and a 200-day moving average price of $91.09. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $107.52. The firm has a market capitalization of $119.55 billion, a P/E ratio of 79.49, a PEG ratio of 2.14 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities research analysts anticipate that Starbucks Corporation will post 2.4 EPS for the current year.

Starbucks Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks’s payout ratio is presently 187.88%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SBUX shares. Jefferies Financial Group upgraded Starbucks from an “underperform” rating to a “hold” rating in a report on Tuesday, April 28th. Stifel Nicolaus lifted their target price on shares of Starbucks from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a research report on Wednesday, April 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $110.00 price objective on shares of Starbucks in a research report on Wednesday, April 29th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $106.93.

Insiders Place Their Bets

In other news, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the transaction, the executive vice president owned 57,653 shares of the company’s stock, valued at $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 588 shares of Starbucks stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the transaction, the chief executive officer directly owned 83,788 shares in the company, valued at approximately $8,378,800. The trade was a 0.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 8,958 shares of company stock valued at $877,464. Insiders own 0.03% of the company’s stock.

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.