Starbucks Corporation $SBUX Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. lowered its position in Starbucks Corporation (NASDAQ:SBUX) by 56.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 69,134 shares of the coffee company’s stock after selling 89,647 shares during the quarter. Wesbanco Bank Inc.’s holdings in Starbucks were worth $5,822,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. River Street Advisors LLC lifted its holdings in Starbucks by 0.8% in the 4th quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company’s stock worth $1,138,000 after buying an additional 113 shares in the last quarter. Opus Capital Group LLC lifted its holdings in Starbucks by 3.9% in the 4th quarter. Opus Capital Group LLC now owns 3,187 shares of the coffee company’s stock worth $268,000 after buying an additional 120 shares in the last quarter. Wynn Capital LLC lifted its holdings in Starbucks by 1.0% in the 4th quarter. Wynn Capital LLC now owns 11,895 shares of the coffee company’s stock worth $1,002,000 after buying an additional 122 shares in the last quarter. Winch Advisory Services LLC lifted its holdings in Starbucks by 1.1% in the 3rd quarter. Winch Advisory Services LLC now owns 11,004 shares of the coffee company’s stock worth $931,000 after buying an additional 123 shares in the last quarter. Finally, Pioneer Trust Bank N A OR lifted its holdings in Starbucks by 1.1% in the 3rd quarter. Pioneer Trust Bank N A OR now owns 11,437 shares of the coffee company’s stock worth $968,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total transaction of $233,621.49. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 11,187 shares of company stock worth $1,111,085. 0.03% of the stock is owned by company insiders.

Starbucks Stock Up 0.6%

SBUX opened at $104.93 on Friday. The firm has a market cap of $119.55 billion, a price-to-earnings ratio of 79.49, a price-to-earnings-growth ratio of 2.11 and a beta of 1.01. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $107.55. The company’s 50-day moving average price is $97.07 and its 200 day moving average price is $91.54.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. Starbucks’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Research analysts anticipate that Starbucks Corporation will post 2.41 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, May 15th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks’s dividend payout ratio is 187.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SBUX. Weiss Ratings restated a “hold (c)” rating on shares of Starbucks in a research note on Wednesday, April 22nd. BTIG Research upped their target price on shares of Starbucks from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company restated an “overweight” rating and issued a $115.00 target price (up from $110.00) on shares of Starbucks in a research note on Wednesday, April 29th. William Blair upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Finally, UBS Group restated a “neutral” rating and issued a $105.00 target price (up from $100.00) on shares of Starbucks in a research note on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

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.