Starbucks Corporation $SBUX Shares Acquired by Kercheville Advisors LLC

Kercheville Advisors LLC boosted its position in Starbucks Corporation (NASDAQ:SBUX) by 26.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 41,868 shares of the coffee company’s stock after buying an additional 8,794 shares during the quarter. Starbucks makes up about 1.3% of Kercheville Advisors LLC’s investment portfolio, making the stock its 24th largest position. Kercheville Advisors LLC’s holdings in Starbucks were worth $4,278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $25,000. Phillip James Consulting Co. acquired a new position in shares of Starbucks during the fourth quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new position in Starbucks in the 4th quarter worth approximately $25,000. Entrust Financial LLC bought a new position in Starbucks in the 4th quarter worth approximately $26,000. Finally, Financial Freedom LLC increased its position in Starbucks by 296.2% in the 1st quarter. Financial Freedom LLC now owns 313 shares of the coffee company’s stock valued at $28,000 after acquiring an additional 234 shares during the period. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SBUX. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $115.00 target price (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. BMO Capital Markets restated an “outperform” rating and set a $130.00 price objective on shares of Starbucks in a research note on Thursday, July 30th. Evercore reiterated an “outperform” rating on shares of Starbucks in a research report on Thursday, July 30th. UBS Group boosted their price target on shares of Starbucks from $105.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, Scotiabank lowered shares of Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Starbucks currently has a consensus rating of “Hold” and an average price target of $110.30.

Starbucks Stock Down 1.8%

NASDAQ:SBUX opened at $106.01 on Wednesday. The business’s 50-day moving average price is $104.21 and its 200 day moving average price is $100.15. The firm has a market cap of $120.85 billion, a P/E ratio of 60.93, a PEG ratio of 1.86 and a beta of 0.97. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the company earned $0.50 EPS. Starbucks’s revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Sell-side analysts expect 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. Investors of record on Friday, August 14th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks’s dividend payout ratio is currently 142.53%.

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 2,229 shares of the firm’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 transaction of $236,251.71. Following the completion of the sale, the chief executive officer directly owned 75,135 shares in the company, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock worth $681,663 in the last ninety days. Company insiders own 0.03% of the company’s stock.

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.