IFM Investors Pty Ltd Boosts Holdings in Starbucks Corporation $SBUX

IFM Investors Pty Ltd lifted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 2.7% in the first quarter, HoldingsChannel reports. The firm owned 224,767 shares of the coffee company’s stock after buying an additional 5,918 shares during the quarter. IFM Investors Pty Ltd’s holdings in Starbucks were worth $20,137,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC acquired a new stake in Starbucks during the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of Starbucks during the fourth quarter worth $25,000. Phillip James Consulting Co. acquired a new stake in shares of Starbucks in the fourth quarter valued at $25,000. Entrust Financial LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at $26,000. Finally, Tucker Asset Management LLC purchased a new position in Starbucks in the fourth quarter valued at $27,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Starbucks

In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the executive vice president owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 588 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the sale, the chief executive officer owned 79,593 shares of the company’s stock, valued at $7,959,300. This represents a 0.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 8,687 shares of company stock valued at $863,707. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a research note on Wednesday, March 4th. UBS Group cut Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Guggenheim reissued a “neutral” rating and set a $97.00 price objective (up from $95.00) on shares of Starbucks in a research report on Wednesday, April 29th. BNP Paribas Exane assumed coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an “underperform” rating on the stock. Finally, Dbs Bank raised shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.92.

Starbucks Price Performance

NASDAQ:SBUX opened at $102.19 on Wednesday. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $108.88. The firm has a market capitalization of $116.47 billion, a PE ratio of 77.42, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. The business’s fifty day moving average price is $101.65 and its 200 day moving average price is $96.13.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.Starbucks’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities analysts anticipate that Starbucks Corporation will post 2.4 EPS for the current year.

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.