Sanctuary Advisors LLC Has $16.65 Million Stock Holdings in Starbucks Corporation $SBUX

Sanctuary Advisors LLC cut its holdings in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 8.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 197,667 shares of the coffee company’s stock after selling 17,605 shares during the quarter. Sanctuary Advisors LLC’s holdings in Starbucks were worth $16,646,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SBUX. Collier Financial acquired a new stake in Starbucks during the 3rd quarter worth approximately $25,000. Y.D. More Investments Ltd acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $27,000. Kelleher Financial Advisors acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $27,000. Finally, Saranac Partners Ltd acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $29,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 588 shares of the business’s stock in a transaction on Friday, April 17th. The shares were 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 owned 83,788 shares in the company, valued at approximately $8,378,800. The trade was a 0.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,500 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total transaction of $242,800.00. Following the completion of the sale, the executive vice president owned 59,609 shares of the company’s stock, valued at approximately $5,789,226.08. The trade was a 4.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,958 shares of company stock valued at $667,464 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

Starbucks Stock Performance

Shares of SBUX stock opened at $98.67 on Monday. The firm has a market capitalization of $112.41 billion, a PE ratio of 81.55, a price-to-earnings-growth ratio of 2.23 and a beta of 0.95. The firm has a fifty day simple moving average of $96.03 and a two-hundred day simple moving average of $90.49. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $104.82.

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

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, May 15th. Starbucks’s payout ratio is 204.96%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SBUX shares. Piper Sandler restated an “overweight” rating and issued a $103.00 price target (up from $100.00) on shares of Starbucks in a research report on Friday, January 30th. Zacks Research upgraded shares of Starbucks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday. Evercore restated an “outperform” rating on shares of Starbucks in a research report on Wednesday, January 28th. Finally, Bank of America set a $114.00 price target on shares of Starbucks in a research report on Wednesday, January 21st. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.75.

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Starbucks Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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