Nwam LLC Decreases Stake in Starbucks Corporation $SBUX

Nwam LLC lowered its stake in Starbucks Corporation (NASDAQ:SBUX) by 10.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 51,099 shares of the coffee company’s stock after selling 5,945 shares during the quarter. Nwam LLC’s holdings in Starbucks were worth $5,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SBUX. Jefferies Financial Group Inc. boosted its holdings in Starbucks by 94.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock worth $7,938,000 after acquiring an additional 45,794 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Starbucks by 20.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company’s stock valued at $43,655,000 after acquiring an additional 87,926 shares in the last quarter. Norges Bank bought a new position in Starbucks in the 4th quarter worth about $1,232,650,000. The Manufacturers Life Insurance Company purchased a new stake in Starbucks during the 2nd quarter valued at about $61,404,000. Finally, Brighton Jones LLC grew its position in Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after purchasing an additional 81,952 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 1.5%

Shares of NASDAQ:SBUX opened at $106.25 on Tuesday. The stock has a 50 day moving average of $105.22 and a 200 day moving average of $100.86. The company has a market cap of $121.12 billion, a PE ratio of 61.06, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities research analysts predict that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, August 14th. Starbucks’s payout ratio is currently 142.53%.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut shares of Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. Wedbush initiated coverage on Starbucks in a research report on Thursday, May 14th. They issued an “outperform” rating on the stock. Zacks Research downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $115.00 target price (up from $110.00) on shares of Starbucks in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $110.30.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the transaction, the chief executive officer owned 75,135 shares of the company’s stock, valued at $7,963,558.65. This represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 6,687 shares of company stock valued at $681,663. 0.03% of the stock is owned by insiders.

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.