Keebeck Wealth Management Purchases 14,743 Shares of Starbucks Corporation $SBUX

Keebeck Wealth Management raised its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 261.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,391 shares of the coffee company’s stock after acquiring an additional 14,743 shares during the quarter. Keebeck Wealth Management’s holdings in Starbucks were worth $1,827,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SBUX. Vanguard Group Inc. boosted its position in shares of Starbucks by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock valued at $9,634,523,000 after purchasing an additional 971,773 shares in the last quarter. Capital World Investors increased its holdings in Starbucks by 9.0% in the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after purchasing an additional 7,007,268 shares in the last quarter. State Street Corp lifted its stake in Starbucks by 0.7% in the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock valued at $4,031,053,000 after buying an additional 327,161 shares during the period. Geode Capital Management LLC lifted its stake in Starbucks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock valued at $2,212,153,000 after buying an additional 225,168 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of Starbucks by 65.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock worth $1,637,704,000 after buying an additional 7,725,547 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SBUX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a research note on Monday. Scotiabank lowered shares of Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. Guggenheim restated a “neutral” rating and issued a $97.00 price target (up from $95.00) on shares of Starbucks in a report on Wednesday, April 29th. Citigroup reaffirmed a “neutral” rating and issued a $108.00 price target (up from $101.00) on shares of Starbucks in a research note on Tuesday, July 14th. Finally, Evercore upped their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Nineteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and a consensus target price of $109.42.

Starbucks Stock Down 0.7%

Shares of SBUX opened at $103.21 on Friday. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $109.23. The business’s fifty day moving average is $102.40 and its 200 day moving average is $98.47. The stock has a market cap of $117.63 billion, a P/E ratio of 78.19, a P/E/G ratio of 2.07 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating 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 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 quarterly 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, analysts expect that Starbucks Corporation will post 2.41 EPS for the current year.

Starbucks Announces Dividend

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

Insider Activity

In related news, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction dated 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 $6,053,565. This represents a 3.35% decrease in their position. The transaction was disclosed in a legal 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 firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $104.00, for a total transaction of $231,816.00. Following the completion of the transaction, the chief executive officer directly owned 77,364 shares in the company, valued at approximately $8,045,856. The trade was a 2.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 8,687 shares of company stock valued at $889,033. 0.03% of the stock is currently owned by 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.