MFG Wealth Management Inc. Purchases Shares of 14,006 Starbucks Corporation $SBUX

MFG Wealth Management Inc. acquired a new stake in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,006 shares of the coffee company’s stock, valued at approximately $1,179,000.

Several other large investors have also modified their holdings of SBUX. Transce3nd LLC grew its holdings in shares of Starbucks by 270.3% in the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after acquiring an additional 200 shares during the last quarter. Collier Financial purchased a new stake in shares of Starbucks during the third quarter valued at $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 purchased a new position in Starbucks in the 3rd quarter worth about $27,000. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Down 3.4%

Shares of NASDAQ SBUX opened at $92.55 on Friday. Starbucks Corporation has a one year low of $75.50 and a one year high of $104.82. The firm has a market capitalization of $105.44 billion, a PE ratio of 76.49, a PEG ratio of 2.14 and a beta of 0.93. The business has a 50-day moving average price of $96.01 and a two-hundred day moving average price of $88.57.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The business had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. Starbucks’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 1,641 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $159,373.92. Following the completion of the sale, the chief executive officer owned 86,605 shares in the company, valued at $8,411,077.60. This represents a 1.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sara Kelly sold 2,500 shares of Starbucks stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $242,800.00. Following the sale, the executive vice president directly owned 59,609 shares of the company’s stock, valued at $5,789,226.08. This trade represents a 4.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,729 shares of company stock worth $460,974 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho boosted their price objective on Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Bank of America set a $114.00 target price on shares of Starbucks in a report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Starbucks in a research report on Monday, December 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $113.00 price target on shares of Starbucks in a research report on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Starbucks has an average rating of “Hold” and an average price target of $103.81.

View Our Latest Stock Report on Starbucks

Starbucks Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.