Sawyer & Company Inc Lowers Stock Holdings in Starbucks Corporation $SBUX

Sawyer & Company Inc reduced its position in Starbucks Corporation (NASDAQ:SBUXFree Report) by 21.6% in the 4th quarter, Holdings Channel reports. The fund owned 22,149 shares of the coffee company’s stock after selling 6,111 shares during the period. Sawyer & Company Inc’s holdings in Starbucks were worth $1,865,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Collier Financial acquired a new position in shares of Starbucks in the 3rd quarter valued at $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $25,000. Y.D. More Investments Ltd acquired a new position in shares of Starbucks in the 3rd quarter valued at $26,000. JPL Wealth Management LLC acquired a new position in shares of Starbucks in the 3rd quarter valued at $27,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Starbucks in the 3rd quarter valued at $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In related news, EVP Sara Kelly sold 2,500 shares of Starbucks stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $242,800.00. Following the transaction, the executive vice president owned 59,609 shares in the company, valued at approximately $5,789,226.08. The trade was a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brady Brewer sold 1,641 shares of Starbucks stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total transaction of $159,373.92. Following the sale, the chief executive officer directly owned 86,605 shares in the company, valued at $8,411,077.60. This trade represents a 1.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,958 shares of company stock worth $877,464 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SBUX shares. Stifel Nicolaus lifted their price target on shares of Starbucks from $105.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Evercore lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America set a $114.00 price target on shares of Starbucks in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a report on Wednesday, April 22nd. Finally, William Blair upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 22nd. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $106.93.

Check Out Our Latest Research Report on SBUX

Starbucks Trading Up 0.5%

NASDAQ:SBUX opened at $105.90 on Friday. The firm has a market capitalization of $120.65 billion, a price-to-earnings ratio of 80.23, a PEG ratio of 2.17 and a beta of 1.02. The firm’s fifty day simple moving average is $96.53 and its 200 day simple moving average is $91.03. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $107.52.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, analysts predict that Starbucks Corporation will post 2.4 earnings per share for the current year.

Starbucks Announces Dividend

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

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

Starbucks Company Profile

(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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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