SG Trading Solutions LLC Invests $441,000 in Starbucks Corporation $SBUX

SG Trading Solutions LLC purchased a new position in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) during the fourth quarter, Holdings Channel reports. The firm purchased 5,239 shares of the coffee company’s stock, valued at approximately $441,000.

Other hedge funds also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC purchased a new position in Starbucks in the 4th quarter worth approximately $25,000. Phillip James Consulting Co. purchased a new stake in shares of Starbucks in the fourth quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of Starbucks in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd acquired a new stake in shares of Starbucks in the third quarter valued at approximately $26,000. Finally, Entrust Financial LLC purchased a new position in Starbucks during the fourth quarter worth approximately $26,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total value of $233,621.49. Following the sale, the chief executive officer directly owned 81,559 shares in the company, valued at approximately $8,548,198.79. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of Starbucks stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of 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 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. Insiders sold a total of 8,687 shares of company stock valued at $863,707 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

Analysts Set New Price Targets

Several analysts have issued reports on the company. The Goldman Sachs Group cut Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. Evercore upped their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Jefferies Financial Group initiated coverage on shares of Starbucks in a research report on Thursday, May 14th. They set a “buy” rating for the company. Stephens initiated coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an “overweight” rating on the stock. Finally, Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the company a “buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $107.93.

Check Out Our Latest Stock Report on Starbucks

Starbucks Price Performance

NASDAQ SBUX opened at $100.65 on Friday. The company has a market cap of $114.71 billion, a P/E ratio of 76.25, a P/E/G ratio of 2.00 and a beta of 0.98. The stock has a 50-day moving average of $101.00 and a two-hundred day moving average of $95.17. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the prior year, the company earned $0.41 earnings per share. The business’s quarterly revenue 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, analysts anticipate that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a yield of 2.5%. Starbucks’s dividend payout ratio is 187.88%.

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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