SevenBridge Financial Group LLC Decreases Holdings in Starbucks Corporation $SBUX

SevenBridge Financial Group LLC cut its stake in Starbucks Corporation (NASDAQ:SBUX) by 88.0% during the 1st quarter, HoldingsChannel reports. The firm owned 3,583 shares of the coffee company’s stock after selling 26,270 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Starbucks were worth $357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oak Thistle LLC purchased a new stake in Starbucks during the 4th quarter worth $1,149,000. Czech National Bank lifted its holdings in Starbucks by 3.9% in the 4th quarter. Czech National Bank now owns 299,833 shares of the coffee company’s stock worth $25,249,000 after buying an additional 11,135 shares in the last quarter. Goodman Financial Corp purchased a new position in Starbucks in the 4th quarter valued at about $8,811,000. Wealth Enhancement Trust Services Inc. purchased a new position in Starbucks in the 4th quarter valued at about $875,000. Finally, Third View Private Wealth LLC acquired a new stake in shares of Starbucks during the fourth quarter valued at about $3,135,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

NASDAQ:SBUX opened at $104.06 on Tuesday. The company has a market capitalization of $118.60 billion, a price-to-earnings ratio of 78.83, a price-to-earnings-growth ratio of 2.08 and a beta of 0.98. Starbucks Corporation has a one year low of $77.99 and a one year high of $108.88. The stock has a 50-day simple moving average of $101.61 and a 200 day simple moving average of $96.00.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $9.53 billion for 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%.Starbucks’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities research analysts forecast that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Insider Activity at Starbucks

In other Starbucks news, CEO Brady Brewer sold 588 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the sale, the chief executive officer owned 79,593 shares in the company, valued at $7,959,300. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 on 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 directly owned 57,653 shares in the company, 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. Over the last three months, insiders have sold 8,687 shares of company stock worth $863,707. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SBUX. Jefferies Financial Group initiated coverage on Starbucks in a research report on Thursday, May 14th. They set a “buy” rating on the stock. BTIG Research lowered Starbucks from a “buy” rating to a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company restated an “overweight” rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a report on Wednesday, April 29th. Dbs Bank raised Starbucks from a “strong sell” rating to a “moderate sell” rating in a research report on Friday, March 20th. Finally, UBS Group cut Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and an average price target of $108.92.

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.