Starbucks Corporation $SBUX Stock Position Raised by Chemung Canal Trust Co.

Chemung Canal Trust Co. increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 238.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,614 shares of the coffee company’s stock after acquiring an additional 9,586 shares during the quarter. Chemung Canal Trust Co.’s holdings in Starbucks were worth $1,220,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Rachor Investment Advisory Services LLC bought a new position in shares of Starbucks during the fourth quarter valued at approximately $25,000. Phillip James Consulting Co. bought a new stake in shares of Starbucks in the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new position in Starbucks during the 4th quarter valued at approximately $25,000. Entrust Financial LLC acquired a new position in Starbucks during the 4th quarter valued at approximately $26,000. Finally, JPL Wealth Management LLC bought a new position in Starbucks during the 3rd quarter worth $27,000. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SBUX. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a research note on Wednesday, March 4th. Robert W. Baird upped their price target on shares of Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Stephens began coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating on the stock. Jefferies Financial Group started coverage on shares of Starbucks in a research report on Thursday, May 14th. They issued a “buy” rating on the stock. Finally, Scotiabank lowered shares of Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.59.

Starbucks Stock Performance

NASDAQ:SBUX opened at $104.60 on Friday. The stock has a market cap of $119.21 billion, a price-to-earnings ratio of 79.24, a PEG ratio of 2.08 and a beta of 0.98. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88. The business has a fifty day moving average of $101.50 and a 200-day moving average of $95.76.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities research analysts predict that Starbucks Corporation will post 2.4 EPS for the current year.

Insider Activity

In other news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the completion of the sale, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at approximately $8,548,198.79. This represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 the stock in a transaction that occurred on Wednesday, April 29th. The shares were 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 owned 57,653 shares of the company’s stock, valued at $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. In the last three months, insiders have sold 8,687 shares of company stock worth $863,707. 0.03% of the stock is owned by corporate insiders.

Starbucks Company 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.