Hollencrest Capital Management Decreases Holdings in Starbucks Corporation $SBUX

Hollencrest Capital Management decreased its position in Starbucks Corporation (NASDAQ:SBUX) by 82.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,683 shares of the coffee company’s stock after selling 16,727 shares during the quarter. Hollencrest Capital Management’s holdings in Starbucks were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated 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 directly owned 75,135 shares of the company’s stock, valued at $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock worth $681,663 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Starbucks Stock Up 0.6%

Shares of NASDAQ SBUX opened at $107.85 on Friday. The firm’s fifty day moving average is $105.10 and its 200 day moving average is $100.78. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The company has a market cap of $122.95 billion, a price-to-earnings ratio of 61.98, a PEG ratio of 1.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities research analysts anticipate that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued 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 was Friday, August 14th. Starbucks’s dividend payout ratio is currently 142.53%.

Wall Street Analyst Weigh In

SBUX has been the subject of several recent research reports. Stephens assumed coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued an “overweight” rating for the company. The Goldman Sachs Group cut Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Jefferies Financial Group assumed coverage on Starbucks in a report on Thursday, May 14th. They issued a “buy” rating on the stock. Wells Fargo & Company lowered Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Finally, Melius Research set a $110.00 target price on Starbucks in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $110.30.

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.