Forum Financial Management LP Decreases Stake in Starbucks Corporation $SBUX

Forum Financial Management LP cut its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 25.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,484 shares of the coffee company’s stock after selling 4,909 shares during the period. Forum Financial Management LP’s holdings in Starbucks were worth $1,298,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SBUX. Rachor Investment Advisory Services LLC bought a new stake in Starbucks in the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new position in shares of Starbucks during the 4th quarter valued at approximately $25,000. Phillip James Consulting Co. purchased a new position in shares of Starbucks in the fourth quarter valued at $25,000. Entrust Financial LLC purchased a new position in shares of Starbucks in the fourth quarter valued at $26,000. Finally, Tucker Asset Management LLC bought a new stake in Starbucks in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of recent research reports. Wolfe Research initiated coverage on shares of Starbucks in a research note on Monday, March 9th. They set a “peer perform” rating on the stock. Evercore boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $110.00 price target on shares of Starbucks in a report on Wednesday, April 29th. Robert W. Baird lifted their price target on Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley raised Starbucks from an “overweight” rating to an “overweight” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $108.92.

Starbucks Stock Down 0.5%

SBUX stock opened at $104.06 on Tuesday. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $108.88. The stock has a market capitalization of $118.60 billion, a price-to-earnings ratio of 78.83, a price-to-earnings-growth ratio of 2.08 and a beta of 0.98. The firm’s fifty day simple moving average is $101.61 and its two-hundred day simple moving average is $96.00.

Starbucks (NASDAQ:SBUX) last released its 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 firm had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities research analysts expect that Starbucks Corporation will post 2.4 EPS for the current year.

Insider Transactions at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the transaction, the chief executive officer owned 79,593 shares of the company’s stock, valued at approximately $7,959,300. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the sale, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. The trade was a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,687 shares of company stock worth $863,707 over the last three months. 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.