Saratoga Research & Investment Management Sells 41,913 Shares of Starbucks Corporation $SBUX

Saratoga Research & Investment Management lessened its holdings in Starbucks Corporation (NASDAQ:SBUX) by 6.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 587,872 shares of the coffee company’s stock after selling 41,913 shares during the period. Starbucks comprises 3.3% of Saratoga Research & Investment Management’s investment portfolio, making the stock its 14th biggest holding. Saratoga Research & Investment Management’s holdings in Starbucks were worth $60,075,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its stake 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 purchasing an additional 97 shares during the last quarter. Webster Bank N. A. boosted its position in shares of 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 buying an additional 101 shares during the last quarter. Beta Wealth Group Inc. boosted its position in shares of Starbucks by 1.7% during the first quarter. Beta Wealth Group Inc. now owns 6,114 shares of the coffee company’s stock valued at $548,000 after buying an additional 103 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in Starbucks by 2.1% during the second quarter. GHP Investment Advisors Inc. now owns 5,321 shares of the coffee company’s stock worth $544,000 after buying an additional 107 shares in the last quarter. Finally, NWF Advisory Services Inc. grew its holdings in Starbucks by 2.6% during the fourth quarter. NWF Advisory Services Inc. now owns 4,349 shares of the coffee company’s stock worth $366,000 after buying an additional 109 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 0.8%

Shares of SBUX opened at $107.69 on Friday. The stock has a 50 day moving average of $103.78 and a 200 day moving average of $99.97. The company has a market capitalization of $122.77 billion, a price-to-earnings ratio of 61.89, a PEG ratio of 1.86 and a beta of 0.97. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data 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 business 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 business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts predict that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s payout ratio is 142.53%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $130.00 target price on shares of Starbucks in a research note on Thursday, July 30th. Melius Research set a $110.00 target price on shares of Starbucks in a report on Monday, August 3rd. Sanford C. Bernstein lowered shares of Starbucks from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. Finally, Guggenheim started coverage on shares of Starbucks in a report on Monday, August 3rd. They set a “buy” rating on the stock. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Hold” and an average target price of $109.92.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total transaction 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 represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 6,687 shares of company stock valued at $681,663. 0.03% of the stock is currently owned by insiders.

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.