Fox Run Management L.L.C. Acquires New Shares in Starbucks Corporation $SBUX

Fox Run Management L.L.C. acquired a new stake in shares of Starbucks Corporation (NASDAQ:SBUX) in the fourth quarter, HoldingsChannel reports. The fund acquired 11,668 shares of the coffee company’s stock, valued at approximately $983,000.

A number of other institutional investors have also recently bought and sold shares of the company. Aerodigm Wealth LLC boosted its position in Starbucks by 2.7% during the fourth quarter. Aerodigm Wealth LLC now owns 4,245 shares of the coffee company’s stock valued at $357,000 after purchasing an additional 112 shares during the last quarter. River Street Advisors LLC boosted its position in Starbucks by 0.8% during the fourth quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company’s stock valued at $1,138,000 after purchasing an additional 113 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in Starbucks by 38.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 409 shares of the coffee company’s stock valued at $34,000 after purchasing an additional 113 shares during the last quarter. Integrity Alliance LLC. raised its holdings in Starbucks by 3.0% during the fourth quarter. Integrity Alliance LLC. now owns 3,907 shares of the coffee company’s stock valued at $329,000 after buying an additional 114 shares in the last quarter. Finally, Opus Capital Group LLC raised its holdings in Starbucks by 3.9% during the fourth quarter. Opus Capital Group LLC now owns 3,187 shares of the coffee company’s stock valued at $268,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Up 1.4%

NASDAQ SBUX opened at $98.76 on Thursday. The stock’s 50 day moving average is $99.77 and its two-hundred day moving average is $94.47. The company has a market capitalization of $112.56 billion, a price-to-earnings ratio of 74.82, a PEG ratio of 1.92 and a beta of 0.98. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88.

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

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Starbucks’s payout ratio is presently 187.88%.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Reports that Starbucks is weighing a stake sale or IPO for its Japan unit could surface hidden value and improve the company’s capital structure. Starbucks weighs Japan stake sale or IPO
• Positive Sentiment: Management commentary about room for international expansion and more U.S. stores reinforces the long-term growth narrative for SBUX. Starbucks CEO Says 22,000 Overseas Stores Could Double
• Positive Sentiment: Investors are also encouraged by signs that Starbucks is gaining traction beyond the morning coffee rush, suggesting turnaround efforts around afternoon traffic and beverage innovation may be working. Starbucks Sees Encouraging Growth beyond the Morning Rush, CNBC Reports
• Positive Sentiment: New drink launches, including blended Refreshers, are drawing attention because they could boost traffic with younger consumers and support sales growth. Starbucks’ latest drink launch is a bet on the future of fast food beverages
• Neutral Sentiment: CEO Brady Brewer disclosed a pre-arranged sale of 1,641 shares under a 10b5-1 plan; this is routine insider activity but can slightly weigh on sentiment. SEC filing
• Negative Sentiment: A Seeking Alpha piece argued the market may be pricing in Starbucks’ turnaround too early, which could temper enthusiasm if execution slows. Starbucks: The Market Is Pricing In Success Too Soon

Insider Activity at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the transaction, the executive vice president directly owned 57,653 shares of the company’s stock, valued at $6,053,565. The trade was a 3.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total value of $233,621.49. Following the completion of the transaction, the chief executive officer directly owned 81,559 shares in the company, valued at $8,548,198.79. The trade was a 2.66% 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. Insiders sold a total of 8,099 shares of company stock worth $804,907 over the last three months. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on SBUX shares. JPMorgan Chase & Co. raised their target price on Starbucks from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Wells Fargo & Company restated an “overweight” rating and set a $115.00 target price (up from $110.00) on shares of Starbucks in a report on Wednesday, April 29th. Wolfe Research started coverage on Starbucks in a report on Monday, March 9th. They set a “peer perform” rating on the stock. Morgan Stanley upgraded Starbucks from an “overweight” rating to an “overweight” rating in a report on Thursday, May 14th. Finally, Dbs Bank upgraded Starbucks from a “strong sell” rating to a “moderate sell” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.