Profund Advisors LLC Raises Stock Position in Starbucks Corporation $SBUX

Profund Advisors LLC grew its stake in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,721 shares of the coffee company’s stock after acquiring an additional 5,874 shares during the period. Profund Advisors LLC’s holdings in Starbucks were worth $8,903,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Collier Financial purchased a new position in Starbucks during the 3rd quarter worth $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Starbucks in the 4th quarter worth $25,000. Y.D. More Investments Ltd bought a new position in shares of Starbucks during the 3rd quarter worth $26,000. Entrust Financial LLC bought a new position in shares of Starbucks during the 4th quarter worth $26,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Starbucks during the third quarter valued at $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Starbucks in a research note on Wednesday, April 29th. Citigroup raised their target price on shares of Starbucks from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Robert W. Baird upped their price target on shares of Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a research note on Wednesday, March 4th. Finally, Guggenheim reissued a “neutral” rating and set a $97.00 price objective (up from $95.00) on shares of Starbucks in a report on Wednesday, April 29th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.48.

Check Out Our Latest Analysis on Starbucks

Starbucks Stock Performance

Shares of Starbucks stock opened at $106.60 on Tuesday. The company has a market capitalization of $121.49 billion, a PE ratio of 80.76, a P/E/G ratio of 2.15 and a beta of 1.01. The company has a 50-day simple moving average of $98.27 and a two-hundred day simple moving average of $92.55. Starbucks Corporation has a one year low of $77.99 and a one year high of $108.88.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts predict that Starbucks Corporation will post 2.42 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks’s dividend payout ratio is presently 187.88%.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

Insiders Place Their Bets

In other news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 81,559 shares in the company, valued at approximately $8,548,198.79. This represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $242,800.00. Following the completion of the sale, the executive vice president directly owned 59,609 shares of the company’s stock, valued at $5,789,226.08. The trade was a 4.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 11,187 shares of company stock worth $1,111,085. Insiders own 0.03% of the company’s stock.

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.

See Also

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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