Starbucks Corporation $SBUX Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,242,329 shares of the coffee company’s stock after selling 176,164 shares during the quarter. Hsbc Holdings PLC’s holdings in Starbucks were worth $189,051,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC acquired a new stake in Starbucks during the 4th quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Starbucks in the fourth quarter valued at about $25,000. Phillip James Consulting Co. purchased a new position in shares of Starbucks in the fourth quarter worth about $25,000. Y.D. More Investments Ltd purchased a new position in shares of Starbucks in the third quarter worth about $26,000. Finally, Entrust Financial LLC acquired a new stake in shares of Starbucks during the fourth quarter worth about $26,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

SBUX has been the topic of a number of recent research reports. Zacks Research upgraded Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. lifted their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Scotiabank downgraded shares of Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Wolfe Research began coverage on shares of Starbucks in a report on Monday, March 9th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $115.00 price objective (up from $110.00) on shares of Starbucks in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.93.

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Insider Activity

In related news, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the executive vice president owned 57,653 shares in the company, valued at $6,053,565. This 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 588 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the transaction, the chief executive officer directly owned 79,593 shares in the company, valued at $7,959,300. This represents a 0.73% 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. In the last quarter, insiders sold 8,687 shares of company stock worth $863,707. Company insiders own 0.03% of the company’s stock.

Starbucks Price Performance

Starbucks stock opened at $100.65 on Friday. The stock has a market capitalization of $114.71 billion, a PE ratio of 76.25, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The business has a 50 day simple moving average of $101.00 and a 200-day simple moving average of $95.17. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $108.88.

Starbucks (NASDAQ:SBUXGet Free Report) last announced 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 negative return on equity of 29.24% and a net margin of 3.89%.The firm had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter last year, the firm posted $0.41 EPS. The business’s 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 anticipate that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Starbucks’s dividend payout ratio (DPR) is presently 187.88%.

About Starbucks

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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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