Starbucks Corporation $SBUX Shares Newly Purchased by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC bought a new stake in shares of Starbucks Corporation (NASDAQ:SBUX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,313 shares of the coffee company’s stock, valued at approximately $1,533,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SBUX. BlackRock Inc. acquired a new stake in Starbucks during the second quarter worth approximately $8,504,509,000. State Street Corp lifted its stake in Starbucks by 3.2% in the second quarter. State Street Corp now owns 49,260,268 shares of the coffee company’s stock valued at $5,033,907,000 after buying an additional 1,530,497 shares during the period. Bank of America Corp DE lifted its stake in Starbucks by 9.0% in the first quarter. Bank of America Corp DE now owns 15,761,355 shares of the coffee company’s stock valued at $1,412,060,000 after buying an additional 1,300,085 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Starbucks by 26.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,506,482 shares of the coffee company’s stock worth $869,277,000 after buying an additional 1,767,530 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Starbucks during the 2nd quarter worth approximately $779,790,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 1.9%

SBUX opened at $102.69 on Tuesday. The stock has a market cap of $117.07 billion, a PE ratio of 41.48, a PEG ratio of 1.44 and a beta of 0.98. The business has a 50 day moving average of $99.51 and a 200-day moving average of $99.33. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts anticipate that Starbucks Corporation will post 2.65 EPS for the current year.

Starbucks Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.63 per share. This is an increase from Starbucks’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 13th. Starbucks’s payout ratio is 142.53%.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the sale, the chief executive officer owned 70,920 shares in the company, valued at approximately $7,092,000. The trade was a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 6,687 shares of company stock worth $685,935. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on SBUX shares. Compass Point initiated coverage on shares of Starbucks in a research report on Monday, August 3rd. They set a “buy” rating for the company. Gordon Haskett increased their target price on shares of Starbucks from $110.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Zacks Research lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Morgan Stanley cut Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Finally, Argus upped their target price on Starbucks from $112.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 31st. Twenty-four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $110.14.

Starbucks Profile

Starbucks Corporation is a global specialty coffee company headquartered in Seattle, Washington. Founded in 1971, the company operates and licenses coffeehouses under the Starbucks brand, serving brewed coffee, espresso beverages, teas, cold drinks, food, and other ready-to-consume products.

In addition to its company-operated and licensed stores, Starbucks sells packaged coffee, tea, and single-serve products through grocery retailers, convenience stores, and other distribution channels.