KMG Fiduciary Partners LLC Cuts Stock Position in Starbucks Corporation $SBUX

KMG Fiduciary Partners LLC cut its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 71.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,706 shares of the coffee company’s stock after selling 21,906 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Starbucks were worth $890,000 as of its most recent SEC filing.

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

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $106.66 on Wednesday. The firm has a market capitalization of $121.59 billion, a price-to-earnings ratio of 61.30, a price-to-earnings-growth ratio of 1.81 and a beta of 0.97. The business’s 50 day simple moving average is $102.99 and its 200-day simple moving average is $99.75. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $109.23.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data 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 firm had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.Starbucks’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, equities analysts anticipate that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SBUX. Raymond James Financial lowered Starbucks to an “outperform” rating in a report on Monday, August 3rd. BNP Paribas Exane raised their price target on Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a report on Thursday, July 30th. Tigress Financial began coverage on Starbucks in a research note on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target on the stock. Wedbush began coverage on Starbucks in a report on Thursday, May 14th. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group initiated coverage on Starbucks in a research report on Thursday, May 14th. They issued a “buy” rating for the company. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Starbucks presently has an average rating of “Hold” and an average target price of $109.92.

Insider Activity

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the transaction, the chief executive officer owned 75,135 shares of the company’s stock, valued at $7,963,558.65. The trade was a 2.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 6,687 shares of company stock worth $681,663. 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.