Community Bank N.A. Reduces Position in Starbucks Corporation $SBUX

Community Bank N.A. trimmed its holdings in Starbucks Corporation (NASDAQ:SBUX) by 40.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,388 shares of the coffee company’s stock after selling 5,046 shares during the quarter. Community Bank N.A.’s holdings in Starbucks were worth $755,000 at the end of the most recent reporting period.

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

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the sale, the chief executive officer owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,046 shares of company stock worth $526,868 over the last three months. Insiders own 0.03% of the company’s stock.

Starbucks Trading Down 2.4%

SBUX opened at $102.01 on Wednesday. The firm’s 50 day simple moving average is $105.44 and its two-hundred day simple moving average is $101.24. The company has a market capitalization of $116.29 billion, a PE ratio of 58.63, a PEG ratio of 1.80 and a beta of 0.97. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51.

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

Analyst Ratings Changes

SBUX has been the subject of a number of research reports. Citigroup boosted their target price on shares of Starbucks from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $126.00 price target on shares of Starbucks in a research note on Thursday, July 30th. Wedbush initiated coverage on Starbucks in a research report on Thursday, May 14th. They set an “outperform” rating for the company. BTIG Research reissued a “buy” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, July 31st. Finally, BNP Paribas Exane raised their target price on Starbucks from $87.00 to $92.00 and gave the stock an “underperform” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $110.30.

About Starbucks

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.