SG Americas Securities LLC Has $22.94 Million Holdings in Starbucks Corporation $SBUX

SG Americas Securities LLC cut its stake in Starbucks Corporation (NASDAQ:SBUX) by 79.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 265,970 shares of the coffee company’s stock after selling 1,041,435 shares during the period. SG Americas Securities LLC’s holdings in Starbucks were worth $22,940,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks during the fourth quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. Phillip James Consulting Co. acquired a new stake in Starbucks during the fourth quarter worth about $25,000. Entrust Financial LLC bought a new position in Starbucks during the fourth quarter valued at about $26,000. Finally, Tucker Asset Management LLC bought a new position in Starbucks during the fourth quarter valued at about $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SBUX. Zacks Research upgraded Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Piper Sandler restated an “overweight” rating and set a $110.00 price objective on shares of Starbucks in a research report on Wednesday, April 29th. Royal Bank Of Canada lowered Starbucks from a “sector perform” rating to a “positive” rating in a research note on Thursday, May 14th. Wolfe Research assumed coverage on shares of Starbucks in a research note on Monday, March 9th. They set a “peer perform” rating on the stock. Finally, Dbs Bank raised shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.59.

Insiders Place Their Bets

In other news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the sale, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. The trade was a 3.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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. This represents a 0.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,687 shares of company stock worth $863,707 over the last quarter. Company insiders own 0.03% of the company’s stock.

Starbucks Trading Up 2.5%

NASDAQ SBUX opened at $103.61 on Thursday. The stock’s 50 day moving average is $101.28 and its two-hundred day moving average is $95.57. The company has a market capitalization of $118.09 billion, a price-to-earnings ratio of 78.50, a PEG ratio of 2.01 and a beta of 0.98. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88.

Starbucks (NASDAQ:SBUX) 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. The company had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, analysts predict that Starbucks Corporation will post 2.4 earnings per share for the current year.

Starbucks Company 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.