Pacer Advisors Inc. Cuts Holdings in Starbucks Corporation $SBUX

Pacer Advisors Inc. reduced its holdings in Starbucks Corporation (NASDAQ:SBUXFree Report) by 9.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 172,916 shares of the coffee company’s stock after selling 17,798 shares during the quarter. Pacer Advisors Inc.’s holdings in Starbucks were worth $14,561,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Aerodigm Wealth LLC lifted its holdings in Starbucks by 2.7% in the fourth 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 boosted its position in shares of Starbucks by 0.8% during the 4th quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company’s stock worth $1,138,000 after purchasing an additional 113 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Starbucks by 38.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 409 shares of the coffee company’s stock worth $34,000 after purchasing an additional 113 shares during the period. Integrity Alliance LLC. increased its holdings in shares of Starbucks by 3.0% in the 4th quarter. Integrity Alliance LLC. now owns 3,907 shares of the coffee company’s stock valued at $329,000 after purchasing an additional 114 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC increased its holdings in shares of Starbucks by 4.5% in the 4th quarter. RPg Family Wealth Advisory LLC now owns 2,711 shares of the coffee company’s stock valued at $228,000 after purchasing an additional 117 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Price Performance

NASDAQ:SBUX opened at $100.65 on Friday. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $108.88. The stock has a fifty day simple moving average of $101.00 and a 200-day simple moving average of $95.17. The company has a market capitalization of $114.71 billion, a PE ratio of 76.25, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The firm had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the prior year, the company earned $0.41 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities analysts anticipate that Starbucks Corporation will post 2.4 earnings per share for the current year.

Starbucks Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on SBUX. JPMorgan Chase & Co. boosted their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Tigress Financial began coverage on shares of Starbucks in a report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Starbucks in a research report on Wednesday, April 29th. BNP Paribas Exane began coverage on Starbucks in a research note on Thursday, May 14th. They set an “underperform” rating on the stock. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.93.

Get Our Latest Research Report on SBUX

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the transaction, the chief executive officer directly owned 79,593 shares of the company’s stock, valued at $7,959,300. This trade represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of Starbucks 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 owned 57,653 shares of the company’s stock, valued at $6,053,565. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,687 shares of company stock worth $863,707 over the last quarter. Company insiders own 0.03% of the company’s stock.

Trending Headlines about Starbucks

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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

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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