Community Bank N.A. Cuts Stake in Starbucks Corporation $SBUX

Community Bank N.A. lowered its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 40.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,388 shares of the coffee company’s stock after selling 5,046 shares during the period. Community Bank N.A.’s holdings in Starbucks were worth $755,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the stock. Cornerstone Financial Management LLC purchased a new position in shares of Starbucks in the fourth quarter worth $25,000. Phillip James Consulting Co. purchased a new position in Starbucks during the 4th quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in Starbucks in the 2nd quarter worth $25,000. Entrust Financial LLC bought a new stake in shares of Starbucks during the 4th quarter valued at about $26,000. Finally, Tucker Asset Management LLC purchased a new position in shares of Starbucks during the fourth quarter valued at about $27,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 sale, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. This represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 5,046 shares of company stock worth $526,868. Corporate insiders own 0.03% of the company’s stock.

Starbucks Stock Down 2.4%

Shares of SBUX opened at $102.01 on Wednesday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The stock has a market cap of $116.29 billion, a P/E ratio of 58.63, a P/E/G ratio of 1.80 and a beta of 0.97. The business’s 50 day moving average price is $105.44 and its 200-day moving average price is $101.24.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, equities analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current year.

Analyst Upgrades and Downgrades

SBUX has been the subject of several research analyst reports. Jefferies Financial Group started coverage on shares of Starbucks in a report on Thursday, May 14th. They issued a “buy” rating for the company. Compass Point began coverage on Starbucks in a report on Monday, August 3rd. They set a “buy” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Starbucks in a research note on Monday, July 20th. Wells Fargo & Company lowered Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Finally, Zacks Research downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $110.30.

Starbucks Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.