Starbucks Corporation $SBUX Holdings Lowered by Intellectus Partners LLC

Intellectus Partners LLC trimmed its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 37.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,926 shares of the coffee company’s stock after selling 7,140 shares during the period. Intellectus Partners LLC’s holdings in Starbucks were worth $1,004,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SBUX. Collier Financial purchased a new stake in shares of Starbucks during the third quarter valued at $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at $25,000. Y.D. More Investments Ltd purchased a new stake in shares of Starbucks during the third quarter valued at $26,000. Entrust Financial LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at $26,000. Finally, Tucker Asset Management LLC purchased a new stake in Starbucks in the 4th quarter worth about $27,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Starbucks

In other news, 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 transaction of $210,000.00. Following the completion of the sale, the executive vice president directly owned 57,653 shares of the company’s stock, valued at $6,053,565. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 dated Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total value of $233,621.49. Following 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 ownership of the stock. 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 have sold a total of 7,046 shares of company stock valued at $708,911 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Starbucks Price Performance

SBUX opened at $94.14 on Friday. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88. The business has a 50-day moving average of $99.19 and a 200-day moving average of $94.09. The company has a market capitalization of $107.29 billion, a PE ratio of 71.32, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last posted its quarterly 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. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The company had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the business earned $0.41 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities research analysts expect that Starbucks Corporation will post 2.42 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.6%. Starbucks’s dividend payout ratio (DPR) is 187.88%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wedbush began coverage on Starbucks in a research note on Thursday, May 14th. They issued an “outperform” rating for the company. BNP Paribas Exane began coverage on Starbucks in a report on Thursday, May 14th. They issued an “underperform” rating on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. Dbs Bank raised shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a research report on Friday, March 20th. Finally, BTIG Research downgraded shares of Starbucks from a “buy” rating to a “neutral” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.48.

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.