Forum Financial Management LP Reduces Stock Position in Starbucks Corporation $SBUX

Forum Financial Management LP lessened its stake in Starbucks Corporation (NASDAQ:SBUX) by 25.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,484 shares of the coffee company’s stock after selling 4,909 shares during the period. Forum Financial Management LP’s holdings in Starbucks were worth $1,298,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Oak Thistle LLC purchased a new stake in shares of Starbucks during the 4th quarter valued at about $1,149,000. Czech National Bank grew its position in Starbucks by 3.9% during the fourth quarter. Czech National Bank now owns 299,833 shares of the coffee company’s stock valued at $25,249,000 after buying an additional 11,135 shares during the period. Goodman Financial Corp bought a new stake in Starbucks during the fourth quarter valued at approximately $8,811,000. Wealth Enhancement Trust Services Inc. purchased a new stake in Starbucks during the fourth quarter valued at approximately $875,000. Finally, Third View Private Wealth LLC purchased a new stake in Starbucks during the fourth quarter valued at approximately $3,135,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Citizens Jmp started coverage on Starbucks in a research report on Monday, March 30th. They set an “underperform” rating and a $84.00 target price on the stock. Royal Bank Of Canada cut Starbucks from a “sector perform” rating to a “positive” rating in a research report on Thursday, May 14th. UBS Group downgraded Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Stifel Nicolaus set a $117.00 price objective on Starbucks and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Wedbush started coverage on Starbucks in a research note on Thursday, May 14th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen 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.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $108.92.

Insider Buying and Selling

In related 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 approximately $6,053,565. The trade was a 3.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the company’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 owned 81,559 shares of the company’s stock, 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. Over the last three months, insiders sold 8,687 shares of company stock worth $863,707. 0.03% of the stock is owned by insiders.

Starbucks Stock Down 0.5%

NASDAQ:SBUX opened at $104.06 on Tuesday. The business’s 50-day simple moving average is $101.61 and its two-hundred day simple moving average is $96.00. The stock has a market cap of $118.60 billion, a PE ratio of 78.83, a P/E/G ratio of 2.08 and a beta of 0.98. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $108.88.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS 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 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 business’s 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. Sell-side analysts anticipate that Starbucks Corporation will post 2.4 earnings per share for the current fiscal year.

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.