Whittier Trust Co. of Nevada Inc. Sells 8,354 Shares of Starbucks Corporation $SBUX

Whittier Trust Co. of Nevada Inc. lowered its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 19.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,334 shares of the coffee company’s stock after selling 8,354 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Starbucks were worth $3,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sunbelt Securities Inc. increased its holdings in shares of Starbucks by 1.0% during the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock worth $849,000 after purchasing an additional 97 shares during the period. Webster Bank N. A. lifted its position in shares of Starbucks by 7.8% during the 2nd quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock valued at $143,000 after acquiring an additional 101 shares during the period. Nilsine Partners LLC grew its holdings in shares of Starbucks by 1.0% during the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock worth $1,026,000 after purchasing an additional 101 shares in the last quarter. Beta Wealth Group Inc. increased its position in shares of Starbucks by 1.7% in the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock worth $635,000 after purchasing an additional 102 shares during the period. Finally, GHP Investment Advisors Inc. raised its stake in Starbucks by 2.1% in the second quarter. GHP Investment Advisors Inc. now owns 5,321 shares of the coffee company’s stock valued at $544,000 after purchasing an additional 107 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the sale, the chief executive officer owned 75,135 shares in the company, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 6,687 shares of company stock worth $681,663. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SBUX. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $126.00 price objective on shares of Starbucks in a research note on Thursday, July 30th. Stephens assumed coverage on Starbucks in a research report on Thursday, May 14th. They set an “overweight” rating for the company. Morgan Stanley lowered Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a research note on Monday, July 20th. Finally, The Goldman Sachs Group downgraded shares of Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.92.

Starbucks Price Performance

SBUX opened at $107.69 on Monday. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51. The firm has a market capitalization of $122.77 billion, a price-to-earnings ratio of 61.89, a PEG ratio of 1.86 and a beta of 0.97. The company’s 50 day moving average price is $103.78 and its two-hundred day moving average price is $99.99.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts predict that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio is 142.53%.

Starbucks 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.