Praxis Investment Management Inc. Purchases 9,393 Shares of Starbucks Corporation $SBUX

Praxis Investment Management Inc. increased its position in Starbucks Corporation (NASDAQ:SBUX) by 81.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 20,909 shares of the coffee company’s stock after purchasing an additional 9,393 shares during the period. Praxis Investment Management Inc.’s holdings in Starbucks were worth $1,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SBUX. Vanguard Group Inc. boosted its holdings in shares of Starbucks by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock valued at $9,634,523,000 after buying an additional 971,773 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Starbucks by 11.4% in the 3rd quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock worth $7,229,968,000 after acquiring an additional 8,774,198 shares in the last quarter. Capital World Investors lifted its position in Starbucks by 9.0% during the 4th quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after acquiring an additional 7,007,268 shares during the period. State Street Corp lifted its position in Starbucks by 0.7% during the 4th quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock valued at $4,031,053,000 after acquiring an additional 327,161 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Starbucks by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock worth $2,212,153,000 after acquiring an additional 225,168 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

NASDAQ:SBUX opened at $104.27 on Friday. The firm has a market cap of $118.84 billion, a P/E ratio of 78.99, a P/E/G ratio of 2.07 and a beta of 0.98. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88. The firm has a 50-day simple moving average of $101.97 and a two-hundred day simple moving average of $96.45.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) 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 the consensus estimate of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business’s revenue was up 8.8% on a year-over-year basis. 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 predict that Starbucks Corporation will post 2.4 EPS for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is currently 187.88%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SBUX. Scotiabank cut shares of Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Guggenheim reissued a “neutral” rating and issued a $97.00 price target (up from $95.00) on shares of Starbucks in a research report on Wednesday, April 29th. Citigroup upped their price target on Starbucks from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Wedbush assumed coverage on Starbucks in a research report on Thursday, May 14th. They set an “outperform” rating for the company. Finally, DA Davidson lifted their price objective on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Nineteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.92.

Insiders Place Their Bets

In other news, CEO Brady Brewer sold 588 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $100.00, for a total value of $58,800.00. Following the completion of the transaction, 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 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 business’s 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 completion of the transaction, the executive vice president owned 57,653 shares of the company’s stock, 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. In the last three months, insiders sold 8,687 shares of company stock valued at $863,707. Corporate insiders own 0.03% of the company’s stock.

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.