Starbucks Corporation $SBUX Stock Holdings Cut by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC cut its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 43.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,043 shares of the coffee company’s stock after selling 4,726 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Starbucks were worth $618,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after purchasing an additional 81,952 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Starbucks by 47.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after purchasing an additional 1,164 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Starbucks in the 2nd quarter worth approximately $288,000. Gamco Investors INC. ET AL raised its holdings in shares of Starbucks by 92.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock worth $479,000 after purchasing an additional 2,515 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Starbucks by 7.6% during the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock valued at $10,328,000 after purchasing an additional 7,978 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 0.8%

SBUX stock opened at $107.69 on Friday. The firm has a 50 day moving average of $103.78 and a two-hundred day moving average of $99.97. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51. The company has a market capitalization of $122.77 billion, a price-to-earnings ratio of 61.89, a P/E/G ratio of 1.87 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share 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 business had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter last year, the firm earned $0.50 EPS. Starbucks’s revenue for the quarter was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, research analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is 142.53%.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock worth $681,663 in the last 90 days. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $126.00 target price on shares of Starbucks in a report on Thursday, July 30th. Stephens initiated coverage on Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating on the stock. BNP Paribas Exane increased their price objective on Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research report on Thursday, July 30th. BTIG Research reissued a “buy” rating and set a $115.00 price objective on shares of Starbucks in a research note on Friday, July 31st. Finally, Compass Point assumed coverage on Starbucks in a report on Monday, August 3rd. They issued a “buy” rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Starbucks presently has an average rating of “Hold” and an average price target of $109.92.

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.