World Investment Advisors raised its holdings in shares of Starbucks Corporation (NASDAQ:SBUX – Free Report) by 6.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 86,981 shares of the coffee company’s stock after buying an additional 5,635 shares during the quarter. World Investment Advisors’ holdings in Starbucks were worth $7,069,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Collier Financial bought a new position in Starbucks during the third quarter valued at $25,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Starbucks in the 4th quarter worth about $25,000. Y.D. More Investments Ltd bought a new stake in shares of Starbucks in the 3rd quarter worth about $26,000. JPL Wealth Management LLC bought a new stake in shares of Starbucks in the 3rd quarter worth about $27,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Starbucks in the 3rd quarter worth about $27,000. Institutional investors own 72.29% of the company’s stock.
Starbucks Price Performance
SBUX stock opened at $105.95 on Thursday. The company has a market capitalization of $120.75 billion, a PE ratio of 80.27, a P/E/G ratio of 2.15 and a beta of 1.01. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $108.05. The firm’s 50-day moving average is $97.72 and its 200 day moving average is $92.12.
Starbucks Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 15th. Starbucks’s dividend payout ratio (DPR) is currently 187.88%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Mizuho raised their target price on shares of Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the stock a “buy” rating in a report on Wednesday, May 6th. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. Dbs Bank upgraded shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a report on Friday, March 20th. Finally, New Street Research set a $90.00 target price on shares of Starbucks in a report on Tuesday, January 27th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and an average target price of $107.00.
Get Our Latest Stock Report on Starbucks
Key Headlines Impacting Starbucks
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Stifel reiterated a Buy rating on Starbucks and raised its price target to $117 from $115, reinforcing confidence in the company’s turnaround effort and helping support the stock. Stifel Reaffirms Bullish View on Starbucks Corporation (SBUX)
- Positive Sentiment: Reports that Starbucks is opening hundreds of new stores suggest continued expansion and long-term growth potential, which investors often view favorably. Dollar Tree and Starbucks are suddenly opening hundreds of new stores as retail doom stories pile up
- Positive Sentiment: Starbucks’ turnaround appears to be progressing, with commentary that the “comeback has started,” which may improve sentiment around the stock. Starbucks: The Comeback Has Started But The Growth Story Is Not Proven
- Neutral Sentiment: Starbucks completed a tech reorganization that eliminated 61 jobs at its Seattle headquarters, a cost-cutting move that may help efficiency but also signals ongoing restructuring. Starbucks cuts 61 tech jobs at Seattle HQ in reorg
- Neutral Sentiment: Tennessee lawmakers are considering a $30 million incentive package tied to Starbucks’ planned Nashville office, which could support expansion but is still just a proposal. Tennessee lawmakers debate $30M incentive deal with Starbucks
- Negative Sentiment: Rising coffee prices are pressuring margins across the industry, including Starbucks, and management has been cautious about passing those costs on to consumers. Coffee prices keep rising, and chains like Dutch Bros are swallowing most of the costs
- Negative Sentiment: A note saying Starbucks’ growth story is “not proven” suggests some investors still want clearer evidence that the turnaround will translate into sustained performance. Starbucks: The Comeback Has Started But The Growth Story Is Not Proven
Insider Activity
In related news, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $242,800.00. Following the transaction, the executive vice president 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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total transaction of $233,621.49. Following the transaction, the chief executive officer directly owned 81,559 shares in the company, valued at $8,548,198.79. This trade represents a 2.66% 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. Insiders sold a total of 11,187 shares of company stock worth $1,111,085 in the last ninety days. 0.03% of the stock is currently owned by insiders.
Starbucks 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.
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