Towercrest Capital Management Purchases New Holdings in Starbucks Corporation $SBUX

Towercrest Capital Management purchased a new position in shares of Starbucks Corporation (NASDAQ:SBUX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,751 shares of the coffee company’s stock, valued at approximately $605,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rachor Investment Advisory Services LLC bought a new stake in shares of Starbucks during the 4th quarter worth $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Starbucks in the 4th quarter worth about $25,000. Phillip James Consulting Co. bought a new position in Starbucks during the fourth quarter valued at about $25,000. Entrust Financial LLC purchased a new stake in Starbucks during the fourth quarter worth about $26,000. Finally, Tucker Asset Management LLC purchased a new stake in Starbucks during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Sara Kelly sold 2,000 shares of Starbucks stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the executive vice president owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction on Monday, July 6th. The shares were sold at an average price of $104.00, for a total value of $231,816.00. Following the sale, the chief executive officer directly owned 77,364 shares of the company’s stock, valued at $8,045,856. This represents a 2.80% decrease in their position. 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 sold 9,275 shares of company stock worth $947,833 in the last quarter. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SBUX shares. Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the company a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Robert W. Baird lifted their price target on shares of Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. BNP Paribas Exane initiated coverage on Starbucks in a research note on Thursday, May 14th. They issued an “underperform” rating on the stock. Finally, Tigress Financial began coverage on Starbucks in a report on Wednesday, April 15th. They set a “buy” rating and a $122.00 price objective for the company. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.92.

Starbucks Trading Down 0.4%

Shares of SBUX stock traded down $0.40 during trading hours on Friday, reaching $106.01. The stock had a trading volume of 4,686,326 shares, compared to its average volume of 6,783,678. The stock’s fifty day simple moving average is $102.43 and its 200 day simple moving average is $97.07. The firm has a market capitalization of $120.82 billion, a PE ratio of 80.31, a PEG ratio of 2.11 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 posted its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. Starbucks’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. As a group, equities research analysts anticipate that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. Starbucks’s dividend payout ratio is presently 187.88%.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks’ AI-driven software overhaul could materially reduce operating expenses by replacing Microsoft and IBM systems, supporting future margin expansion. Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
• Positive Sentiment: The company’s recent earnings beat and revenue growth reinforce the view that its turnaround efforts are gaining traction.
• Neutral Sentiment: Starbucks added five new Orange Cream drinks for summer, which may help traffic and seasonal sales but is not a major fundamental catalyst on its own. Starbucks adds 5 new Orange Cream drinks for summer
• Neutral Sentiment: CEO Brady Brewer sold shares under a pre-arranged trading plan, which can prompt caution but does not necessarily signal a change in the business outlook. SEC Form 4 filing

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.