Starbucks Corporation $SBUX Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in Starbucks Corporation (NASDAQ:SBUXFree Report) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 286,746 shares of the coffee company’s stock after selling 10,380 shares during the period. Strs Ohio’s holdings in Starbucks were worth $24,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. River Street Advisors LLC grew its stake in Starbucks by 0.8% in the 4th quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company’s stock valued at $1,138,000 after acquiring an additional 113 shares during the last quarter. Opus Capital Group LLC grew its stake in Starbucks by 3.9% in the 4th quarter. Opus Capital Group LLC now owns 3,187 shares of the coffee company’s stock valued at $268,000 after acquiring an additional 120 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in Starbucks by 2.4% in the 3rd quarter. Silver Oak Securities Incorporated now owns 5,288 shares of the coffee company’s stock valued at $447,000 after acquiring an additional 122 shares during the last quarter. Wynn Capital LLC grew its stake in Starbucks by 1.0% in the 4th quarter. Wynn Capital LLC now owns 11,895 shares of the coffee company’s stock valued at $1,002,000 after acquiring an additional 122 shares during the last quarter. Finally, Winch Advisory Services LLC grew its stake in Starbucks by 1.1% in the 3rd quarter. Winch Advisory Services LLC now owns 11,004 shares of the coffee company’s stock valued at $931,000 after acquiring an additional 123 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 588 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the sale, the chief executive officer directly owned 83,788 shares in the company, valued at $8,378,800. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 8,958 shares of company stock valued at $877,464. 0.03% of the stock is owned by insiders.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

Starbucks Stock Performance

SBUX opened at $105.90 on Friday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $107.52. The company’s 50 day simple moving average is $96.53 and its 200 day simple moving average is $91.03. The stock has a market capitalization of $120.65 billion, a PE ratio of 80.23, a P/E/G ratio of 2.17 and a beta of 1.02.

Starbucks (NASDAQ:SBUXGet Free Report) last released its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The firm had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. Starbucks’s revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, sell-side analysts expect that Starbucks Corporation will post 2.4 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, May 15th. Starbucks’s payout ratio is presently 187.88%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Evercore increased their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America set a $114.00 price objective on shares of Starbucks in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Starbucks in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of Starbucks in a research report on Friday, January 30th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $106.93.

View Our Latest Stock Analysis on SBUX

About Starbucks

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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