Synergy Asset Management LLC Sells 11,403 Shares of Starbucks Corporation $SBUX

Synergy Asset Management LLC lowered its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 75.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,803 shares of the coffee company’s stock after selling 11,403 shares during the quarter. Synergy Asset Management LLC’s holdings in Starbucks were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Silver Oak Securities Incorporated increased its holdings in Starbucks by 2.4% during the third quarter. Silver Oak Securities Incorporated now owns 5,288 shares of the coffee company’s stock valued at $447,000 after buying an additional 122 shares during the last quarter. Wynn Capital LLC boosted its stake in shares of Starbucks by 1.0% during the 4th quarter. Wynn Capital LLC now owns 11,895 shares of the coffee company’s stock worth $1,002,000 after acquiring an additional 122 shares during the last quarter. Winch Advisory Services LLC boosted its stake in shares of Starbucks by 1.1% during the 3rd quarter. Winch Advisory Services LLC now owns 11,004 shares of the coffee company’s stock worth $931,000 after acquiring an additional 123 shares during the last quarter. Pioneer Trust Bank N A OR grew its position in shares of Starbucks by 1.1% during the 3rd quarter. Pioneer Trust Bank N A OR now owns 11,437 shares of the coffee company’s stock valued at $968,000 after acquiring an additional 125 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of Starbucks by 3.5% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 3,765 shares of the coffee company’s stock valued at $345,000 after acquiring an additional 126 shares during the period. Institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Brady Brewer sold 1,641 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $159,373.92. Following the completion of the transaction, the chief executive officer owned 86,605 shares of the company’s stock, valued at $8,411,077.60. This represents a 1.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $242,800.00. Following the transaction, the executive vice president owned 59,609 shares of the company’s stock, valued at approximately $5,789,226.08. The trade was a 4.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,729 shares of company stock valued at $460,974 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SBUX. Bank of America set a $114.00 target price on Starbucks in a report on Wednesday, January 21st. UBS Group reissued a “neutral” rating on shares of Starbucks in a report on Friday, January 30th. Guggenheim restated a “neutral” rating and issued a $95.00 price target (up from $90.00) on shares of Starbucks in a research report on Wednesday, March 4th. Dbs Bank raised Starbucks from a “strong sell” rating to a “moderate sell” rating in a research note on Friday, March 20th. Finally, William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 22nd. Fifteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $103.81.

Starbucks Trading Down 4.8%

NASDAQ SBUX opened at $86.81 on Friday. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $104.82. The stock has a market cap of $98.90 billion, a PE ratio of 71.74, a P/E/G ratio of 2.03 and a beta of 0.93. The stock’s 50 day moving average is $95.98 and its 200 day moving average is $88.73.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The company had revenue of $9.92 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the business earned $0.69 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, analysts forecast that Starbucks Corporation will post 2.99 EPS 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.