Waverly Advisors LLC Sells 8,082 Shares of Starbucks Corporation $SBUX

Waverly Advisors LLC trimmed its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 3.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 240,127 shares of the coffee company’s stock after selling 8,082 shares during the quarter. Waverly Advisors LLC’s holdings in Starbucks were worth $24,539,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SBUX. California State Teachers Retirement System raised its stake in shares of Starbucks by 10,101.1% in the second quarter. California State Teachers Retirement System now owns 179,138,252 shares of the coffee company’s stock valued at $18,306,138,000 after acquiring an additional 177,382,188 shares during the period. Capital World Investors boosted its stake in shares of Starbucks by 9.0% during the 4th quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after purchasing an additional 7,007,268 shares during the period. BlackRock Inc. purchased a new position in shares of Starbucks during the 2nd quarter worth about $8,504,509,000. State Street Corp grew its holdings in Starbucks by 0.7% during the 4th quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock valued at $4,031,053,000 after purchasing an additional 327,161 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Starbucks by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock valued at $2,212,153,000 after purchasing an additional 225,168 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 2.4%

Shares of NASDAQ:SBUX opened at $102.01 on Wednesday. The business’s 50 day moving average is $105.44 and its 200 day moving average is $101.24. The stock has a market cap of $116.29 billion, a P/E ratio of 58.63, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the company posted $0.50 EPS. Starbucks’s revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, sell-side analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SBUX. BMO Capital Markets reissued an “outperform” rating and issued a $130.00 price objective on shares of Starbucks in a research note on Thursday, July 30th. Evercore restated an “outperform” rating on shares of Starbucks in a research report on Thursday, July 30th. Zacks Research cut Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. BTIG Research reiterated a “buy” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, July 31st. Finally, Scotiabank lowered Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Hold” and a consensus target price of $110.30.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the sale, the chief executive officer directly owned 75,135 shares in the company, valued at $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,046 shares of company stock valued at $526,868 in the last ninety days. Insiders own 0.03% of the company’s stock.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.