KMG Fiduciary Partners LLC Has $2.51 Million Holdings in Starbucks Corporation $SBUX

KMG Fiduciary Partners LLC grew its position in Starbucks Corporation (NASDAQ:SBUX) by 225.0% in the fourth quarter, Holdings Channel reports. The fund owned 29,803 shares of the coffee company’s stock after acquiring an additional 20,634 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Starbucks were worth $2,510,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SBUX. Transce3nd LLC increased its holdings in Starbucks by 270.3% in the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Collier Financial acquired a new stake in shares of Starbucks during the third quarter valued at about $25,000. Y.D. More Investments Ltd acquired a new stake in shares of Starbucks during the third quarter valued at about $26,000. JPL Wealth Management LLC bought a new stake in shares of Starbucks during the third quarter worth about $27,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Starbucks during the third quarter worth about $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SBUX shares. Citigroup dropped their price objective on shares of Starbucks from $94.00 to $92.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. UBS Group reissued a “neutral” rating on shares of Starbucks in a report on Friday, January 30th. Royal Bank Of Canada cut shares of Starbucks from an “outperform” rating to a “sector perform” rating and set a $105.00 price target for the company. in a research report on Tuesday, March 17th. Zacks Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, Piper Sandler reiterated an “overweight” rating and set a $103.00 price target (up from $100.00) on shares of Starbucks in a report on Friday, January 30th. Fifteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.81.

Starbucks Price Performance

Shares of SBUX stock opened at $86.81 on Friday. The stock has a market capitalization of $98.90 billion, a PE ratio of 71.74, a PEG ratio of 2.03 and a beta of 0.93. The business’s 50 day simple moving average is $95.98 and its 200 day simple moving average is $88.73. Starbucks Corporation has a one year low of $75.50 and a one year high of $104.82.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). The firm had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current year.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 588 shares of Starbucks stock in a transaction on Monday, March 9th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the transaction, the chief executive officer owned 86,017 shares of the company’s stock, valued at $8,601,700. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sara Kelly sold 2,500 shares of the business’s 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 completion of the transaction, the executive vice president owned 59,609 shares in the company, valued at approximately $5,789,226.08. The trade was a 4.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 4,729 shares of company stock valued at $460,974. 0.03% of the stock is currently owned by corporate insiders.

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.