Starbucks Corporation $SBUX Shares Sold by Strs Ohio

Strs Ohio trimmed its stake in Starbucks Corporation (NASDAQ:SBUX) by 15.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 242,722 shares of the coffee company’s stock after selling 44,024 shares during the quarter. Strs Ohio’s holdings in Starbucks were worth $21,745,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Livet Wealth LLC acquired a new stake in shares of Starbucks in the first quarter valued at approximately $234,000. Keybank National Association OH raised its stake in Starbucks by 26.2% during the 1st quarter. Keybank National Association OH now owns 606,225 shares of the coffee company’s stock valued at $54,312,000 after acquiring an additional 125,980 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in Starbucks by 7.4% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 22,140 shares of the coffee company’s stock worth $1,984,000 after acquiring an additional 1,526 shares during the period. TSG Advice Partners LLC grew its stake in shares of Starbucks by 4.3% in the first quarter. TSG Advice Partners LLC now owns 3,279 shares of the coffee company’s stock worth $294,000 after purchasing an additional 136 shares in the last quarter. Finally, Vision Capital Management Inc. increased its holdings in shares of Starbucks by 1.9% during the first quarter. Vision Capital Management Inc. now owns 90,713 shares of the coffee company’s stock valued at $8,127,000 after purchasing an additional 1,723 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX opened at $104.27 on Friday. The business’s 50-day moving average price is $101.97 and its 200 day moving average price is $96.45. The stock has a market capitalization of $118.84 billion, a P/E ratio of 78.99, a P/E/G ratio of 2.07 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 announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The company had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, research analysts predict that Starbucks Corporation will post 2.4 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is currently 187.88%.

Insider Activity at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president owned 57,653 shares of the company’s stock, valued at $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value 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 represents a 2.66% decrease in their position. 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 quarter, insiders have sold 8,687 shares of company stock worth $863,707. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SBUX. BNP Paribas Exane began coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an “underperform” rating on the stock. Dbs Bank upgraded Starbucks from a “strong sell” rating to a “moderate sell” rating in a research report on Friday, March 20th. Evercore lifted their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. UBS Group cut Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Finally, Zacks Research cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Nineteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.92.

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.