Capstone Financial Advisors Inc. Invests $2.98 Million in Starbucks Corporation $SBUX

Capstone Financial Advisors Inc. purchased a new stake in Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 29,174 shares of the coffee company’s stock, valued at approximately $2,981,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SBUX. Cornerstone Financial Management LLC acquired a new stake in Starbucks in the 4th quarter valued at about $25,000. Phillip James Consulting Co. acquired a new position in shares of Starbucks during the fourth quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Starbucks during the second quarter worth about $25,000. Entrust Financial LLC purchased a new stake in shares of Starbucks during the fourth quarter worth approximately $26,000. Finally, Tucker Asset Management LLC acquired a new stake in Starbucks in the fourth quarter valued at approximately $27,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 price target on shares of Starbucks in a report on Thursday, July 30th. Melius Research set a $110.00 price objective on shares of Starbucks in a research report on Monday, August 3rd. UBS Group boosted their target price on shares of Starbucks from $105.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Wells Fargo & Company cut Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Finally, Needham & Company LLC set a $120.00 price target on Starbucks in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Hold” and a consensus price target of $110.30.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $105.60, for a total value of $235,382.40. Following the completion of the sale, the chief executive officer directly owned 73,149 shares of the company’s stock, valued at $7,724,534.40. This represents a 2.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 6,687 shares of company stock valued at $703,450. 0.03% of the stock is currently owned by insiders.

Starbucks Trading Down 1.9%

Shares of NASDAQ:SBUX opened at $100.04 on Thursday. The firm has a 50 day simple moving average of $105.37 and a 200-day simple moving average of $101.27. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $110.51. The company has a market capitalization of $114.05 billion, a PE ratio of 57.49, a P/E/G ratio of 1.76 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the firm posted $0.50 EPS. The company’s revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts predict that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

About Starbucks

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.