Starbucks Corporation $SBUX Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC reduced its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 37.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,926 shares of the coffee company’s stock after selling 7,140 shares during the quarter. Intellectus Partners LLC’s holdings in Starbucks were worth $1,004,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SBUX. Collier Financial bought a new position in Starbucks during the 3rd quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new position in Starbucks during the 4th quarter worth $25,000. Y.D. More Investments Ltd bought a new position in Starbucks during the 3rd quarter worth $26,000. Entrust Financial LLC bought a new position in Starbucks during the 4th quarter worth $26,000. Finally, Tucker Asset Management LLC bought a new position in Starbucks during the 4th quarter worth $27,000. 72.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 81,559 shares in the company, valued at $8,548,198.79. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value 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 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 90 days, insiders sold 7,046 shares of company stock valued at $708,911. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

SBUX has been the subject of a number of recent research reports. TD Cowen upgraded Starbucks from a “hold” rating to a “buy” rating and upped their price objective for the stock from $106.00 to $120.00 in a research note on Thursday, May 14th. Citigroup upped their price objective on Starbucks from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. DA Davidson upped their price objective on Starbucks from $97.00 to $102.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Morgan Stanley raised Starbucks from an “overweight” rating to an “overweight” rating in a research note on Thursday, May 14th. Finally, Wolfe Research started coverage on Starbucks in a research note on Monday, March 9th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and a consensus price target of $107.48.

Starbucks Stock Performance

NASDAQ:SBUX opened at $94.14 on Friday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88. The stock has a market cap of $107.29 billion, a price-to-earnings ratio of 71.32, a PEG ratio of 1.89 and a beta of 0.98. The business has a fifty day moving average of $99.19 and a 200-day moving average of $94.09.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $9.53 billion during the quarter, compared to analyst estimates 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 firm posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities research analysts predict that Starbucks Corporation will post 2.42 EPS for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.62 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 2.6%. Starbucks’s dividend payout ratio is 187.88%.

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.