Envestnet Portfolio Solutions Inc. Has $8.91 Million Stock Holdings in Starbucks Corporation $SBUX

Envestnet Portfolio Solutions Inc. trimmed its position in Starbucks Corporation (NASDAQ:SBUX) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,792 shares of the coffee company’s stock after selling 9,696 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Starbucks were worth $8,909,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Aerodigm Wealth LLC raised its position in shares of Starbucks by 2.7% in the 4th quarter. Aerodigm Wealth LLC now owns 4,245 shares of the coffee company’s stock valued at $357,000 after acquiring an additional 112 shares during the period. River Street Advisors LLC raised its position in shares of Starbucks by 0.8% in the 4th quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company’s stock valued at $1,138,000 after acquiring an additional 113 shares during the period. Opus Capital Group LLC raised its position in shares of Starbucks by 3.9% in the 4th quarter. Opus Capital Group LLC now owns 3,187 shares of the coffee company’s stock valued at $268,000 after acquiring an additional 120 shares during the period. Wynn Capital LLC raised its position in shares of Starbucks by 1.0% in the 4th quarter. Wynn Capital LLC now owns 11,895 shares of the coffee company’s stock valued at $1,002,000 after acquiring an additional 122 shares during the period. Finally, Winch Advisory Services LLC raised its position in shares of Starbucks by 1.1% in the 3rd quarter. Winch Advisory Services LLC now owns 11,004 shares of the coffee company’s stock valued at $931,000 after acquiring an additional 123 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the sale, the executive vice president owned 57,653 shares of the company’s stock, valued at $6,053,565. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the business’s 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 directly owned 81,559 shares in the company, valued at approximately $8,548,198.79. This represents a 2.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,187 shares of company stock worth $1,111,085. 0.03% of the stock is currently owned by insiders.

Starbucks Stock Up 0.1%

Shares of SBUX opened at $106.50 on Thursday. The stock has a market capitalization of $121.38 billion, a P/E ratio of 80.68, a P/E/G ratio of 2.14 and a beta of 1.01. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $108.88. The company has a 50 day moving average of $98.55 and a 200-day moving average of $92.87.

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

Starbucks Dividend Announcement

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

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks completed a cash tender offer, which helps refine its debt profile and may improve financial flexibility. Starbucks Completes Cash Tender Offer, Refines Debt Profile
• Positive Sentiment: Investors continue to focus on Starbucks’ “Back to Starbucks” turnaround efforts, including cost cuts and operational simplification, which can support longer-term margin improvement. Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes
• Neutral Sentiment: Starbucks shares were described as holding steady while the market digested the company’s $400 million restructuring hit, suggesting investors are still evaluating whether the long-term savings justify the near-term charge. Starbucks Shares Hold Steady As Investors Continue To Digest $400 Million Restructuring Hit
• Negative Sentiment: New reports said Starbucks’ plastic cups marketed as recyclable often end up in trash rather than recycling facilities, adding reputational and ESG pressure. US group says Starbucks plastic cups marked recyclable end up in trash
• Negative Sentiment: Starbucks Korea’s chief was fired after the “Tank Day” promotion triggered backlash, underscoring execution and brand-safety risks for the company internationally. Starbucks Korea head fired after ‘Tank Day’ promotion sparks public uproar

Wall Street Analyst Weigh In

SBUX has been the topic of a number of research reports. Guggenheim reaffirmed a “neutral” rating and issued a $97.00 price target (up from $95.00) on shares of Starbucks in a research note on Wednesday, April 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Starbucks in a research note on Friday, January 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Starbucks in a research note on Wednesday, March 4th. Morgan Stanley raised shares of Starbucks from an “overweight” rating to an “overweight” rating in a research note on Thursday, May 14th. Finally, New Street Research set a $90.00 price target on shares of Starbucks in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.