Starbucks Corporation $SBUX Stock Holdings Increased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC raised its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 109.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,239 shares of the coffee company’s stock after buying an additional 21,510 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Starbucks were worth $3,695,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SBUX. Norges Bank bought a new position in shares of Starbucks in the 4th quarter worth about $1,232,650,000. Capital Research Global Investors raised its stake in Starbucks by 11.4% during the third quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock worth $7,229,968,000 after acquiring an additional 8,774,198 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Starbucks by 65.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock worth $1,637,704,000 after acquiring an additional 7,725,547 shares during the last quarter. Capital World Investors boosted its stake in Starbucks by 9.0% in the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after acquiring an additional 7,007,268 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in Starbucks by 146.6% in the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after acquiring an additional 3,596,014 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company reiterated an “overweight” rating and set a $115.00 price target (up from $110.00) on shares of Starbucks in a research report on Wednesday, April 29th. Jefferies Financial Group assumed coverage on Starbucks in a research note on Thursday, May 14th. They set a “buy” rating for the company. Morgan Stanley raised Starbucks from an “overweight” rating to an “overweight” rating in a research report on Thursday, May 14th. DA Davidson raised their target price on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Dbs Bank raised shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a report on Friday, March 20th. Nineteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $108.92.

Starbucks Price Performance

Shares of SBUX stock opened at $104.27 on Friday. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $108.88. The firm has a market capitalization of $118.84 billion, a price-to-earnings ratio of 78.99, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. The business has a 50 day simple moving average of $101.97 and a 200 day simple moving average of $96.45.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts anticipate that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 14th. Starbucks’s payout ratio is currently 187.88%.

Insider Transactions at Starbucks

In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, the executive vice president owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 588 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the sale, the chief executive officer directly owned 79,593 shares of the company’s stock, valued at approximately $7,959,300. This represents a 0.73% 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. Over the last 90 days, insiders have sold 8,687 shares of company stock worth $863,707. Company insiders own 0.03% of the company’s stock.

Starbucks Company 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.