Fort Washington Investment Advisors Inc. OH Has $37.62 Million Stock Position in Starbucks Corporation $SBUX

Fort Washington Investment Advisors Inc. OH reduced its holdings in Starbucks Corporation (NASDAQ:SBUX) by 56.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,903 shares of the coffee company’s stock after selling 542,542 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Starbucks were worth $37,619,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks in the 4th quarter valued at about $25,000. Phillip James Consulting Co. acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $25,000. Entrust Financial LLC purchased a new position in Starbucks during the fourth quarter valued at approximately $26,000. Finally, JPL Wealth Management LLC purchased a new position in Starbucks during the third quarter valued at approximately $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Up 1.4%

SBUX stock opened at $104.60 on Friday. The firm has a 50 day moving average of $101.50 and a two-hundred day moving average of $95.76. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $108.88. The company has a market capitalization of $119.21 billion, a price-to-earnings ratio of 79.24, a P/E/G ratio of 2.08 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results 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. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter last year, the firm earned $0.41 EPS. Starbucks’s revenue for the quarter was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, research analysts expect that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SBUX shares. Tigress Financial initiated coverage on shares of Starbucks in a research report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 target price for the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Starbucks in a research note on Wednesday, March 4th. Morgan Stanley upgraded Starbucks from an “overweight” rating to an “overweight” rating in a report on Thursday, May 14th. Stephens began coverage on Starbucks in a research report on Thursday, May 14th. They set an “overweight” rating for the company. Finally, BNP Paribas Exane assumed coverage on Starbucks in a research note on Thursday, May 14th. They issued an “underperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and an average price target of $108.59.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 81,559 shares in the company, valued at $8,548,198.79. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the executive vice president directly owned 57,653 shares in the company, valued at approximately $6,053,565. This represents a 3.35% 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 have sold 8,687 shares of company stock worth $863,707. 0.03% of the stock is currently owned by insiders.

Starbucks Company 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.