Profund Advisors LLC grew its position in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 5.9% during the fourth quarter, Holdings Channel reports. The firm owned 105,721 shares of the coffee company’s stock after acquiring an additional 5,874 shares during the period. Profund Advisors LLC’s holdings in Starbucks were worth $8,903,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of SBUX. Aerodigm Wealth LLC increased its holdings in Starbucks by 2.7% in the 4th quarter. Aerodigm Wealth LLC now owns 4,245 shares of the coffee company’s stock worth $357,000 after buying an additional 112 shares during the period. River Street Advisors LLC lifted its stake in Starbucks by 0.8% during the 4th quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company’s stock valued at $1,138,000 after acquiring an additional 113 shares during the period. Opus Capital Group LLC lifted its stake in Starbucks by 3.9% during the 4th quarter. Opus Capital Group LLC now owns 3,187 shares of the coffee company’s stock valued at $268,000 after acquiring an additional 120 shares during the period. Wynn Capital LLC boosted its holdings in shares of Starbucks by 1.0% in the 4th quarter. Wynn Capital LLC now owns 11,895 shares of the coffee company’s stock valued at $1,002,000 after acquiring an additional 122 shares during the last quarter. Finally, Winch Advisory Services LLC boosted its holdings in shares of Starbucks by 1.1% in the 3rd quarter. Winch Advisory Services LLC now owns 11,004 shares of the coffee company’s stock valued at $931,000 after acquiring an additional 123 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.
Starbucks Stock Performance
Shares of NASDAQ SBUX opened at $106.60 on Tuesday. The company has a market capitalization of $121.49 billion, a PE ratio of 80.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.01. The company’s fifty day moving average price is $98.27 and its 200 day moving average price is $92.55. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88.
Starbucks Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks’s dividend payout ratio is currently 187.88%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on SBUX shares. Royal Bank Of Canada cut shares of Starbucks from a “sector perform” rating to a “positive” rating in a report on Thursday. Stephens began coverage on Starbucks in a research report on Thursday. They set an “overweight” rating on the stock. Citizens Jmp initiated coverage on Starbucks in a research note on Monday, March 30th. They set an “underperform” rating and a $84.00 price objective for the company. Stifel Nicolaus set a $117.00 price objective on Starbucks and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Barclays set a $116.00 target price on Starbucks and gave the stock an “overweight” rating in a research note on Friday, January 30th. Twenty investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and a consensus price target of $107.48.
Read Our Latest Stock Analysis on Starbucks
Insider Buying and Selling
In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through 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 business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $242,800.00. Following the completion of the sale, the executive vice president owned 59,609 shares of the company’s stock, valued at $5,789,226.08. This trade represents a 4.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,187 shares of company stock worth $1,111,085 in the last quarter. 0.03% of the stock is currently owned by company insiders.
Starbucks News Roundup
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Starbucks is getting support from multiple bullish note waves, including articles highlighting upbeat retail-sales trends, earnings estimate revisions, and commentary that SBUX is “thriving” relative to peers like Dutch Bros. 5 Stocks to Boost Your Portfolio as Retail Sales Continue to Soar
- Positive Sentiment: TD Cowen reportedly reiterated a buy view after Starbucks announced layoffs and regional-office closures, framing the restructuring as a potential margin and efficiency boost during its turnaround. Starbucks Layoffs: What to Know About the Latest SBUX Job Cuts
- Positive Sentiment: Starbucks also announced pricing terms for upsized tender offers on eight debt series, a move that may help optimize its balance sheet and lower financing risk over time. Starbucks Corporation Announces Pricing Terms for its Upsized Tender Offers for Eight Series of Notes
- Neutral Sentiment: Options-market activity has drawn attention to SBUX, but the article does not confirm a clear directional catalyst; it mainly signals elevated trader interest. Do Options Traders Know Something About Starbucks Stock We Don’t?
- Neutral Sentiment: Several stories focus on Starbucks’ new office strategy in India and U.S. regional restructuring, which supports the turnaround narrative but also underscores ongoing operational change. “Reducing Reliance on External Service Providers”: Starbucks Stock (NASDAQ:SBUX) Notches Up With New Indian Office
- Negative Sentiment: Starbucks is cutting hundreds of corporate roles and closing support offices in cities including Atlanta, Burbank, Chicago, Dallas, and Seattle, highlighting the scale of its restructuring and the pressure behind the turnaround. Starbucks delivers tough update on regional offices, cuts 100s of jobs
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.
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