Crossmark Global Holdings Inc. Has $16.93 Million Position in Starbucks Corporation $SBUX

Crossmark Global Holdings Inc. grew its stake in Starbucks Corporation (NASDAQ:SBUX) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,059 shares of the coffee company’s stock after acquiring an additional 14,654 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Starbucks were worth $16,931,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Collier Financial bought a new stake in Starbucks in the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of Starbucks during the fourth quarter worth $25,000. Y.D. More Investments Ltd acquired a new position in shares of Starbucks in the 3rd quarter valued at $26,000. JPL Wealth Management LLC acquired a new position in shares of Starbucks in the 3rd quarter valued at $27,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Starbucks in the 3rd quarter valued at $27,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 0.6%

Shares of NASDAQ SBUX opened at $104.93 on Friday. The firm has a market cap of $119.55 billion, a PE ratio of 79.49, a PEG ratio of 2.11 and a beta of 1.01. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $107.55. The company has a fifty day moving average price of $97.07 and a 200 day moving average price of $91.54.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $9.53 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities research analysts forecast that Starbucks Corporation will post 2.41 EPS for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is presently 187.88%.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total value of $233,621.49. Following the sale, the chief executive officer owned 81,559 shares in the company, valued at approximately $8,548,198.79. The trade was a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the transaction, the executive vice president directly owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This trade represents a 3.35% 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. In the last three months, insiders sold 11,187 shares of company stock worth $1,111,085. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on SBUX shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Starbucks in a research note on Friday, January 30th. Tigress Financial initiated coverage on Starbucks in a report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starbucks in a research report on Wednesday, April 22nd. Mizuho lifted their price objective on Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, January 26th. Finally, William Blair upgraded Starbucks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 22nd. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.00.

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.