Praxis Investment Management Inc. Purchases 9,393 Shares of Starbucks Corporation $SBUX

Praxis Investment Management Inc. lifted its position in Starbucks Corporation (NASDAQ:SBUX) by 81.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,909 shares of the coffee company’s stock after purchasing an additional 9,393 shares during the quarter. Praxis Investment Management Inc.’s holdings in Starbucks were worth $1,873,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Oak Thistle LLC purchased a new stake in shares of Starbucks in the 4th quarter valued at $1,149,000. Czech National Bank raised its position in Starbucks by 3.9% in the 4th quarter. Czech National Bank now owns 299,833 shares of the coffee company’s stock worth $25,249,000 after purchasing an additional 11,135 shares during the period. Goodman Financial Corp bought a new stake in Starbucks in the fourth quarter worth $8,811,000. Wealth Enhancement Trust Services Inc. bought a new stake in Starbucks in the fourth quarter worth $875,000. Finally, Third View Private Wealth LLC purchased a new stake in Starbucks during the fourth quarter valued at about $3,135,000. 72.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the company’s 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 directly owned 57,653 shares in the company, valued at approximately $6,053,565. This represents a 3.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the completion of the sale, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at approximately $8,548,198.79. This represents a 2.66% 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. Over the last three months, insiders have sold 8,687 shares of company stock worth $863,707. Insiders own 0.03% of the company’s stock.

Starbucks Stock Performance

NASDAQ SBUX opened at $104.27 on Friday. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88. The stock has a 50 day simple moving average of $101.97 and a two-hundred day simple moving average of $96.45. The stock has a market cap of $118.84 billion, a P/E ratio of 78.99, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts predict that Starbucks Corporation will post 2.4 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s payout ratio is presently 187.88%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SBUX. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Starbucks in a research note on Wednesday, April 29th. Stephens began coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating on the stock. Scotiabank lowered shares of Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Robert W. Baird increased their price target on shares of Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Piper Sandler reissued an “overweight” rating and issued a $110.00 price target on shares of Starbucks in a report on Wednesday, April 29th. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.92.

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.