Corient Private Wealth LLC Acquires 225,470 Shares of Starbucks Corporation $SBUX

Corient Private Wealth LLC increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,031,142 shares of the coffee company’s stock after buying an additional 225,470 shares during the period. Corient Private Wealth LLC’s holdings in Starbucks were worth $255,322,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SBUX. Brighton Jones LLC raised 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 worth $16,126,000 after purchasing an additional 81,952 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in Starbucks by 47.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after buying an additional 1,164 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Starbucks in the 2nd quarter valued at about $288,000. Gamco Investors INC. ET AL grew its position in shares of Starbucks by 92.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock valued at $479,000 after buying an additional 2,515 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Starbucks by 7.6% in the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock valued at $10,328,000 after buying an additional 7,978 shares during the period. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Performance

Starbucks stock opened at $100.65 on Friday. The stock has a market capitalization of $114.71 billion, a price-to-earnings ratio of 76.25, a PEG ratio of 2.00 and a beta of 0.98. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $108.88. The stock’s 50 day moving average price is $101.00 and its two-hundred day moving average price is $95.17.

Starbucks (NASDAQ:SBUXGet Free Report) last released its quarterly earnings data 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 net margin of 3.89% and a negative return on equity of 29.24%. The company had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the previous year, the business posted $0.41 EPS. Starbucks’s revenue for the quarter was up 8.8% compared to the same quarter last year. 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 year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Starbucks’s payout ratio is 187.88%.

Insider Activity

In other news, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction dated 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 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction dated 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 $8,548,198.79. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,687 shares of company stock worth $863,707 in the last quarter. Company insiders own 0.03% of the company’s stock.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SBUX. Citigroup raised their price objective on Starbucks from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Robert W. Baird upped their target price on Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Stephens assumed coverage on shares of Starbucks in a research report on Thursday, May 14th. They set an “overweight” rating for the company. BNP Paribas Exane began coverage on shares of Starbucks in a report on Thursday, May 14th. They set an “underperform” rating for the company. Finally, Wolfe Research initiated coverage on shares of Starbucks in a research report on Monday, March 9th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.93.

Check Out Our Latest Report on SBUX

About Starbucks

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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