Waverly Advisors LLC Lowers Holdings in Starbucks Corporation $SBUX

Waverly Advisors LLC trimmed its holdings in Starbucks Corporation (NASDAQ:SBUX) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 240,127 shares of the coffee company’s stock after selling 8,082 shares during the quarter. Waverly Advisors LLC’s holdings in Starbucks were worth $24,539,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its holdings in shares of Starbucks by 1.0% in the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock worth $849,000 after buying an additional 97 shares in the last quarter. Webster Bank N. A. grew its stake in Starbucks by 7.8% during the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock valued at $143,000 after acquiring an additional 101 shares in the last quarter. Nilsine Partners LLC grew its stake in Starbucks by 1.0% during the second quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock valued at $1,026,000 after acquiring an additional 101 shares in the last quarter. Beta Wealth Group Inc. increased its holdings in Starbucks by 1.7% in the 2nd quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock valued at $635,000 after acquiring an additional 102 shares during the last quarter. Finally, Elgethun Capital Management increased its holdings in Starbucks by 9.4% in the 2nd quarter. Elgethun Capital Management now owns 1,219 shares of the coffee company’s stock valued at $125,000 after acquiring an additional 105 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on SBUX shares. Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. Raymond James Financial cut Starbucks to an “outperform” rating in a report on Monday, August 3rd. Sanford C. Bernstein downgraded Starbucks from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. Stephens assumed coverage on Starbucks in a research note on Thursday, May 14th. They set an “overweight” rating for the company. Finally, Robert W. Baird upgraded Starbucks to a “strong-buy” rating in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $110.30.

Insider Buying and Selling

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the transaction, the chief executive officer owned 75,135 shares in the company, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,046 shares of company stock valued at $526,868 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Starbucks Stock Down 2.4%

SBUX stock opened at $102.01 on Wednesday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The company has a fifty day simple moving average of $105.44 and a two-hundred day simple moving average of $101.24. The firm has a market capitalization of $116.29 billion, a P/E ratio of 58.63, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97.

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

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.