Wellspring Financial Advisors LLC Buys 6,337 Shares of Starbucks Corporation $SBUX

Wellspring Financial Advisors LLC raised its holdings in Starbucks Corporation (NASDAQ:SBUX) by 259.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,784 shares of the coffee company’s stock after buying an additional 6,337 shares during the quarter. Wellspring Financial Advisors LLC’s holdings in Starbucks were worth $741,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Deutsche Bank AG boosted its position in shares of Starbucks by 29.4% during the fourth quarter. Deutsche Bank AG now owns 2,909,216 shares of the coffee company’s stock valued at $244,985,000 after purchasing an additional 661,468 shares in the last quarter. Motley Fool Asset Management LLC lifted its holdings in shares of Starbucks by 35.1% during the fourth quarter. Motley Fool Asset Management LLC now owns 105,790 shares of the coffee company’s stock valued at $8,909,000 after purchasing an additional 27,497 shares in the last quarter. Portfolio Design Labs LLC boosted its position in shares of Starbucks by 3.5% during the fourth quarter. Portfolio Design Labs LLC now owns 12,338 shares of the coffee company’s stock valued at $1,039,000 after buying an additional 414 shares during the last quarter. Pettyjohn Wood & White Inc. boosted its position in shares of Starbucks by 3.9% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 37,619 shares of the coffee company’s stock valued at $3,168,000 after buying an additional 1,426 shares during the last quarter. Finally, Marks Group Wealth Management Inc boosted its position in shares of Starbucks by 79.6% during the fourth quarter. Marks Group Wealth Management Inc now owns 42,173 shares of the coffee company’s stock valued at $3,551,000 after buying an additional 18,691 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the transaction, the chief executive officer owned 81,559 shares of the company’s stock, valued at $8,548,198.79. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the firm’s 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 completion of the transaction, the executive vice president directly owned 57,653 shares in the company, valued at $6,053,565. This represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,099 shares of company stock worth $804,907 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Starbucks Price Performance

NASDAQ SBUX opened at $98.76 on Thursday. The stock has a market capitalization of $112.56 billion, a PE ratio of 74.82, a P/E/G ratio of 1.92 and a beta of 0.98. The business has a 50 day simple moving average of $99.77 and a two-hundred day simple moving average of $94.47. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, analysts anticipate that Starbucks Corporation will post 2.42 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.48 annualized dividend and a yield of 2.5%. Starbucks’s dividend payout ratio (DPR) is presently 187.88%.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Reports that Starbucks is considering a partial sale or IPO of its Japan unit are boosting the stock, as the market sees potential for value creation and a more capital-efficient global structure. Reuters: Starbucks mulls options for Japan business, including stake sale
• Positive Sentiment: Management commentary on international expansion and room for more U.S. stores is reinforcing the long-term growth story, supporting investor confidence in Starbucks’ turnaround efforts. Starbucks CEO Says 22,000 Overseas Stores Could Double
• Positive Sentiment: Recent product and traffic trends have also been constructive, with Starbucks’ expanding Refreshers lineup seen as a way to drive more afternoon visits and incremental sales. Starbucks’ latest drink launch is a bet on the future of fast food beverages
• Neutral Sentiment: A pre-arranged insider sale by CEO Brady Brewer was disclosed, but it was made under a 10b5-1 plan and does not appear to signal a change in fundamentals. SEC filing
• Negative Sentiment: One commentary piece argued the market may be pricing in Starbucks’ recovery too quickly, suggesting some skepticism about how fast the turnaround can materialize. Seeking Alpha: Starbucks: The Market Is Pricing In Success Too Soon

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Starbucks in a research report on Wednesday, March 4th. Royal Bank Of Canada cut Starbucks from a “sector perform” rating to a “positive” rating in a research report on Thursday, May 14th. Tigress Financial assumed coverage on Starbucks in a report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Starbucks from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, BTIG Research downgraded Starbucks from a “buy” rating to a “neutral” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and an average price target of $107.48.

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.