ORBA Wealth Advisors L.L.C. Has $1.64 Million Stake in Starbucks Corporation $SBUX

ORBA Wealth Advisors L.L.C. boosted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 300.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 16,082 shares of the coffee company’s stock after buying an additional 12,070 shares during the quarter. Starbucks accounts for 1.4% of ORBA Wealth Advisors L.L.C.’s investment portfolio, making the stock its 20th biggest holding. ORBA Wealth Advisors L.L.C.’s holdings in Starbucks were worth $1,643,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Starbucks in the fourth quarter worth $1,232,650,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Starbucks by 65.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after buying an additional 7,725,547 shares in the last quarter. Capital World Investors raised its position in Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after buying an additional 7,007,268 shares during the period. Corient Private Wealth LLC raised its position in Starbucks by 146.6% during the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after buying an additional 3,596,014 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Starbucks by 483.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,182,890 shares of the coffee company’s stock worth $325,260,000 after acquiring an additional 2,637,715 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $107.69 on Friday. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The business’s 50-day moving average price is $103.78 and its two-hundred day moving average price is $99.97. The company has a market capitalization of $122.77 billion, a P/E ratio of 61.89, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, equities analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks’s payout ratio is 142.53%.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the sale, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock valued at $681,663 in the last ninety days. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SBUX shares. Jefferies Financial Group assumed coverage on Starbucks in a research report on Thursday, May 14th. They set a “buy” rating for the company. Stephens started coverage on Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating on the stock. Morgan Stanley lowered shares of Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. TD Cowen assumed coverage on shares of Starbucks in a report on Thursday, July 30th. They set a “buy” rating and a $120.00 price target for the company. Finally, The Goldman Sachs Group downgraded shares of Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Hold” and a consensus price target of $109.92.

About Starbucks

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.