Starbucks Corporation $SBUX Shares Sold by Northstar Group Inc.

Northstar Group Inc. reduced its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,777 shares of the coffee company’s stock after selling 5,526 shares during the period. Northstar Group Inc.’s holdings in Starbucks were worth $4,908,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Robert W. Baird increased their price objective 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. Scotiabank lowered shares of Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Wolfe Research began coverage on shares of Starbucks in a research report on Monday, March 9th. They set a “peer perform” rating for the company. Citigroup increased their price target on Starbucks from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Citizens Jmp initiated coverage on Starbucks in a research report on Monday, March 30th. They issued an “underperform” rating and a $84.00 price objective on the stock. Nineteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $108.92.

Starbucks Price Performance

Shares of SBUX stock opened at $104.27 on Friday. The company’s fifty day moving average price is $101.97 and its two-hundred day moving average price is $96.45. The firm has a market capitalization 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 12 month low of $77.99 and a 12 month high of $108.88.

Starbucks (NASDAQ:SBUX) last announced its 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. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The company 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 firm earned $0.41 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, sell-side analysts anticipate that Starbucks Corporation will post 2.4 EPS for the current year.

Starbucks Dividend Announcement

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

Insider Activity at Starbucks

In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 57,653 shares of the company’s stock, valued at $6,053,565. This represents a 3.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 588 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the transaction, the chief executive officer owned 79,593 shares of the company’s stock, valued at approximately $7,959,300. This trade represents a 0.73% 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. Insiders have sold a total of 8,687 shares of company stock worth $863,707 over the last 90 days. 0.03% of the stock is owned by company insiders.

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.