Everett Harris & Co. CA Sells 17,796 Shares of Starbucks Corporation $SBUX

Everett Harris & Co. CA lowered its position in Starbucks Corporation (NASDAQ:SBUX) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 971,577 shares of the coffee company’s stock after selling 17,796 shares during the quarter. Starbucks accounts for about 1.0% of Everett Harris & Co. CA’s investment portfolio, making the stock its 22nd biggest holding. Everett Harris & Co. CA’s holdings in Starbucks were worth $81,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SBUX. Brighton Jones LLC grew its holdings in shares of Starbucks by 86.5% in the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after acquiring an additional 81,952 shares during the period. Schnieders Capital Management LLC. grew its holdings in shares of Starbucks by 47.0% in the second quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after acquiring an additional 1,164 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Starbucks in the second quarter worth $288,000. Gamco Investors INC. ET AL grew its holdings in shares of Starbucks by 92.8% in the second quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock worth $479,000 after acquiring an additional 2,515 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Starbucks by 7.6% in the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock worth $10,328,000 after acquiring an additional 7,978 shares during the period. Institutional investors own 72.29% of the company’s stock.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: CNBC reported that Starbucks is seeing encouraging growth beyond the morning rush, with afternoon traffic becoming a bigger driver of sales as CEO Brian Niccol’s turnaround plan gains traction. Starbucks Sees Encouraging Growth beyond the Morning Rush, CNBC Reports
• Positive Sentiment: Starbucks is pushing its $2 billion cost-savings plan, with reports saying margin expansion and higher FY26 EPS guidance could help translate sales momentum into stronger earnings. Can Starbucks’ $2 Billion Cost-Savings Plan Accelerate EPS Growth?
• Positive Sentiment: Starbucks is expanding its Refresher line with new blended drinks to win more afternoon visits and appeal to younger consumers, supporting its push to grow beyond coffee-only daypart demand. Starbucks’ latest drink launch is a bet on the future of fast food beverages

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $94.82 on Tuesday. The business’s 50 day moving average is $99.31 and its two-hundred day moving average is $94.26. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88. The stock has a market capitalization of $108.07 billion, a P/E ratio of 71.83, a PEG ratio of 1.88 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities research analysts anticipate that Starbucks Corporation will post 2.42 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, May 15th. Starbucks’s payout ratio is presently 187.88%.

Insider Activity at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction 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. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the business’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 sale, the executive vice president directly owned 57,653 shares in the company, valued at $6,053,565. The trade was a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,458 shares of company stock worth $650,111 over the last three months. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on SBUX. Robert W. Baird lifted their target price on Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Citigroup lifted their target price on Starbucks from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group downgraded Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Guggenheim reiterated a “neutral” rating and set a $97.00 target price (up from $95.00) on shares of Starbucks in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada downgraded Starbucks from a “sector perform” rating to a “positive” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.