Summitry LLC Increases Stake in Starbucks Corporation $SBUX

Summitry LLC raised its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 1.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 774,050 shares of the coffee company’s stock after acquiring an additional 12,797 shares during the period. Starbucks makes up about 2.7% of Summitry LLC’s holdings, making the stock its 14th largest holding. Summitry LLC’s holdings in Starbucks were worth $65,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Providence Capital Advisors LLC purchased a new stake in Starbucks during the 3rd quarter valued at approximately $6,099,000. Vanguard Group Inc. grew its holdings in Starbucks by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after buying an additional 577,279 shares in the last quarter. Lantz Financial LLC grew its holdings in shares of Starbucks by 346.6% in the third quarter. Lantz Financial LLC now owns 17,833 shares of the coffee company’s stock valued at $1,509,000 after purchasing an additional 13,840 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Starbucks by 10.6% in the third quarter. Envestnet Asset Management Inc. now owns 4,241,131 shares of the coffee company’s stock valued at $358,800,000 after purchasing an additional 405,331 shares in the last quarter. Finally, Compass Wealth Management LLC grew its holdings in shares of Starbucks by 33.5% in the third quarter. Compass Wealth Management LLC now owns 79,193 shares of the coffee company’s stock valued at $6,700,000 after purchasing an additional 19,877 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Performance

NASDAQ:SBUX opened at $103.11 on Tuesday. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $108.88. The company has a market cap of $117.51 billion, a price-to-earnings ratio of 78.11, a price-to-earnings-growth ratio of 2.08 and a beta of 1.01. The stock has a fifty day simple moving average of $98.71 and a 200-day simple moving average of $93.35.

Starbucks (NASDAQ:SBUX) last released its earnings results 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. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities research analysts predict that Starbucks Corporation will post 2.42 EPS for the current fiscal year.

Starbucks Dividend Announcement

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

Wall Street Analyst Weigh In

SBUX has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of Starbucks in a report on Thursday, May 14th. They issued a “buy” rating for the company. Robert W. Baird raised their target price on shares of Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Zacks Research raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Evercore raised their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, UBS Group lowered shares of Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $107.48.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the completion of the sale, the chief executive officer directly owned 81,559 shares in the company, valued at approximately $8,548,198.79. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of Starbucks 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 sale, the executive vice president owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. 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 11,187 shares of company stock valued at $1,111,085. Corporate 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.