Jones Kertz & Associates Inc. Purchases New Stake in Starbucks Corporation $SBUX

Jones Kertz & Associates Inc. purchased a new stake in shares of Starbucks Corporation (NASDAQ:SBUX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,053 shares of the coffee company’s stock, valued at approximately $1,183,000.

Other institutional investors also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC lifted its stake in Starbucks by 16.2% in the fourth quarter. Evergreen Capital Management LLC now owns 23,276 shares of the coffee company’s stock valued at $1,960,000 after purchasing an additional 3,241 shares during the last quarter. Brighton Jones LLC lifted its stake in Starbucks by 65.8% in the fourth quarter. Brighton Jones LLC now owns 270,064 shares of the coffee company’s stock valued at $22,742,000 after purchasing an additional 107,141 shares during the last quarter. Legacy Advisors LLC lifted its stake in Starbucks by 6.9% in the fourth quarter. Legacy Advisors LLC now owns 8,633 shares of the coffee company’s stock valued at $727,000 after purchasing an additional 561 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its stake in Starbucks by 13.1% in the fourth quarter. Richards Merrill & Peterson Inc. now owns 11,976 shares of the coffee company’s stock valued at $1,008,000 after purchasing an additional 1,386 shares during the last quarter. Finally, Autumn Glory Partners LLC lifted its stake in Starbucks by 2.4% in the fourth quarter. Autumn Glory Partners LLC now owns 20,956 shares of the coffee company’s stock valued at $1,765,000 after purchasing an additional 490 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Insider Activity

In other Starbucks news, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $242,800.00. Following the completion of the transaction, the executive vice president owned 59,609 shares in the company, valued at $5,789,226.08. This trade represents a 4.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brady Brewer sold 1,641 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $159,373.92. Following the completion of the transaction, the chief executive officer owned 86,605 shares of the company’s stock, valued at approximately $8,411,077.60. This represents a 1.86% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 6,370 shares of company stock valued at $608,664. 0.03% of the stock is owned by corporate insiders.

Starbucks Trading Down 1.1%

Starbucks stock opened at $98.95 on Tuesday. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $104.82. The firm has a market capitalization of $112.73 billion, a price-to-earnings ratio of 81.78, a P/E/G ratio of 2.26 and a beta of 0.95. The firm has a 50 day simple moving average of $95.86 and a 200 day simple moving average of $90.02.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The business had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, equities research analysts forecast that Starbucks Corporation will post 2.31 EPS for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.62 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.48 annualized dividend and a yield of 2.5%. Starbucks’s dividend payout ratio (DPR) is currently 204.96%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SBUX shares. New Street Research set a $90.00 price objective on Starbucks in a research note on Tuesday, January 27th. Barclays set a $116.00 price objective on Starbucks and gave the company an “overweight” rating in a research note on Friday, January 30th. Tigress Financial initiated coverage on Starbucks in a research note on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price objective on the stock. Guggenheim restated a “neutral” rating and issued a $95.00 price objective (up from $90.00) on shares of Starbucks in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group upgraded Starbucks from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $86.00 to $92.00 in a research note on Monday, April 13th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.57.

About Starbucks

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.