WCG Wealth Advisors LLC Increases Holdings in Starbucks Corporation $SBUX

WCG Wealth Advisors LLC raised its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 104.1% during the fourth quarter, HoldingsChannel reports. The firm owned 67,598 shares of the coffee company’s stock after buying an additional 34,476 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Starbucks were worth $5,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Providence Capital Advisors LLC bought a new position in Starbucks during the 3rd quarter valued at about $6,099,000. Vanguard Group Inc. grew its stake in shares of Starbucks by 0.5% during the third quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after buying an additional 577,279 shares during the last quarter. Lantz Financial LLC raised its holdings in shares of Starbucks by 346.6% in the third quarter. Lantz Financial LLC now owns 17,833 shares of the coffee company’s stock worth $1,509,000 after buying an additional 13,840 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Starbucks by 10.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,241,131 shares of the coffee company’s stock worth $358,800,000 after acquiring an additional 405,331 shares during the last quarter. Finally, Compass Wealth Management LLC boosted its holdings in Starbucks by 33.5% during the 3rd quarter. Compass Wealth Management LLC now owns 79,193 shares of the coffee company’s stock valued at $6,700,000 after acquiring an additional 19,877 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SBUX shares. Jefferies Financial Group began coverage on Starbucks in a research report on Thursday, May 14th. They set a “buy” rating for the company. Dbs Bank raised shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a research report on Friday, March 20th. TD Cowen raised shares of Starbucks from a “hold” rating to a “buy” rating and raised their target price for the stock from $106.00 to $120.00 in a research report on Thursday, May 14th. UBS Group cut Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Finally, Zacks Research upgraded Starbucks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.48.

Insider Activity at Starbucks

In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the executive vice president owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. The trade was a 3.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the sale, the chief executive officer owned 81,559 shares of the company’s stock, valued at $8,548,198.79. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,046 shares of company stock valued at $708,911 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Starbucks Price Performance

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 firm has a market capitalization of $107.29 billion, a PE ratio of 71.32, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98. The business’s 50-day moving average is $99.19 and its two-hundred day moving average is $94.09.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. Starbucks’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, sell-side analysts expect that Starbucks Corporation will post 2.42 EPS for the current year.

Starbucks Dividend Announcement

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

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.