Starbucks Corporation $SBUX Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC decreased its holdings in Starbucks Corporation (NASDAQ:SBUX) by 34.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,686 shares of the coffee company’s stock after selling 5,506 shares during the period. Ironwood Investment Counsel LLC’s holdings in Starbucks were worth $900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. River Street Advisors LLC grew its stake in shares of Starbucks by 0.8% in the fourth quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company’s stock worth $1,138,000 after acquiring an additional 113 shares in the last quarter. Opus Capital Group LLC grew its stake in shares of Starbucks by 3.9% in the fourth quarter. Opus Capital Group LLC now owns 3,187 shares of the coffee company’s stock worth $268,000 after acquiring an additional 120 shares in the last quarter. Wynn Capital LLC grew its stake in shares of Starbucks by 1.0% in the fourth quarter. Wynn Capital LLC now owns 11,895 shares of the coffee company’s stock worth $1,002,000 after acquiring an additional 122 shares in the last quarter. Winch Advisory Services LLC grew its stake in shares of Starbucks by 1.1% in the third quarter. Winch Advisory Services LLC now owns 11,004 shares of the coffee company’s stock worth $931,000 after acquiring an additional 123 shares in the last quarter. Finally, CVA Family Office LLC grew its stake in shares of Starbucks by 3.1% in the fourth quarter. CVA Family Office LLC now owns 4,223 shares of the coffee company’s stock worth $356,000 after acquiring an additional 126 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX stock opened at $106.82 on Monday. The firm has a fifty day moving average price of $98.11 and a 200 day moving average price of $92.40. The company has a market cap of $121.74 billion, a P/E ratio of 80.92, a PEG ratio of 2.15 and a beta of 1.01. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $108.88.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts forecast that Starbucks Corporation will post 2.42 EPS for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, May 15th. Starbucks’s dividend payout ratio is currently 187.88%.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the completion of the transaction, the chief executive officer owned 81,559 shares in the company, valued at $8,548,198.79. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 shares were sold at an average price of $97.12, for a total transaction of $242,800.00. Following the completion of the transaction, the executive vice president owned 59,609 shares of the company’s stock, valued at $5,789,226.08. This represents a 4.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 11,187 shares of company stock valued at $1,111,085 in the last 90 days. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SBUX has been the subject of several research reports. UBS Group downgraded shares of Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday. William Blair upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Morgan Stanley upgraded shares of Starbucks from an “overweight” rating to an “overweight” rating in a research note on Thursday. Jefferies Financial Group began coverage on shares of Starbucks in a research note on Thursday. They set a “buy” rating for the company. Finally, Tigress Financial began coverage on shares of Starbucks in a research note on Wednesday, April 15th. They set a “buy” rating and a $122.00 target price for the company. Twenty research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $107.48.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Investors appear to like the cost-cutting focus, as the layoffs and office closures are intended to improve efficiency, support margin recovery, and help fund the company’s turnaround strategy. Reuters article
• Positive Sentiment: Wall Street sentiment also remains supportive, with TD Cowen upgrading Starbucks to Buy and raising its price target, citing improving sales drivers, margin recovery, and multiple tangible catalysts for the comeback story. Analyst upgrade article
• Neutral Sentiment: The restructuring comes with a sizable estimated $400 million charge, which could weigh on near-term earnings even as management argues the actions will strengthen the business over time. New York Times article
• Neutral Sentiment: Recent trading also reflects a broader re-rating of the stock, which has been pushing toward new highs as investors gain confidence in CEO Brian Niccol’s turnaround plan. CNBC article
• Negative Sentiment: The job cuts and office closures also signal that the turnaround is still in progress, and the company may continue to face pressure from restructuring costs and execution risk before the benefits show up in results. Wall Street Journal article

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.