Nicholas Company Inc. Purchases 77,305 Shares of Starbucks Corporation $SBUX

Nicholas Company Inc. raised its position in Starbucks Corporation (NASDAQ:SBUX) by 11.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 733,950 shares of the coffee company’s stock after buying an additional 77,305 shares during the period. Starbucks makes up 1.1% of Nicholas Company Inc.’s portfolio, making the stock its 29th biggest holding. Nicholas Company Inc.’s holdings in Starbucks were worth $61,806,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Collier Financial bought a new position in Starbucks in the third quarter valued at about $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of Starbucks during the fourth quarter worth about $25,000. Y.D. More Investments Ltd bought a new position in shares of Starbucks during the third quarter worth about $26,000. JPL Wealth Management LLC bought a new position in shares of Starbucks during the third quarter worth about $27,000. Finally, Kelleher Financial Advisors bought a new position in shares of Starbucks during the third quarter worth about $27,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Performance

Shares of SBUX stock opened at $104.93 on Monday. The company has a market cap of $119.59 billion, a P/E ratio of 79.49, a PEG ratio of 2.12 and a beta of 1.01. The stock has a 50 day simple moving average of $97.07 and a two-hundred day simple moving average of $91.54. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $107.55.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The business 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%.The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, research analysts predict that Starbucks Corporation will post 2.41 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 15th. Starbucks’s dividend payout ratio (DPR) is 187.88%.

Insider Buying and Selling

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 stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the completion of the sale, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at $8,548,198.79. This trade represents a 2.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,187 shares of company stock valued at $1,111,085 in the last three months. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SBUX. Guggenheim restated 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. Jefferies Financial Group upgraded Starbucks from an “underperform” rating to a “hold” rating in a research report on Tuesday, April 28th. DA Davidson raised their price objective on Starbucks from $97.00 to $102.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Citigroup raised their price objective on Starbucks from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their price objective on Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $107.00.

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.