Brown Miller Wealth Management LLC Sells 31,310 Shares of Starbucks Corporation $SBUX

Brown Miller Wealth Management LLC cut its holdings in Starbucks Corporation (NASDAQ:SBUX) by 65.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,741 shares of the coffee company’s stock after selling 31,310 shares during the period. Brown Miller Wealth Management LLC’s holdings in Starbucks were worth $1,500,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new stake in shares of Starbucks in the fourth quarter worth about $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Starbucks in the fourth quarter valued at approximately $25,000. Phillip James Consulting Co. acquired a new stake in shares of Starbucks in the fourth quarter worth $25,000. Entrust Financial LLC bought a new position in Starbucks during the fourth quarter worth $26,000. Finally, Tucker Asset Management LLC acquired a new position in Starbucks during the 4th quarter valued at $27,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Performance

SBUX opened at $104.06 on Tuesday. The firm has a market cap of $118.60 billion, a price-to-earnings ratio of 78.83, a PEG ratio of 2.08 and a beta of 0.98. The firm’s 50-day simple moving average is $101.61 and its 200-day simple moving average is $96.00. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $108.88.

Starbucks (NASDAQ:SBUX) last announced its quarterly 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 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 firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, sell-side analysts anticipate that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Dbs Bank raised shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a report on Friday, March 20th. Tigress Financial started coverage on shares of Starbucks in a report on Wednesday, April 15th. They set a “buy” rating and a $122.00 price objective on the stock. The Goldman Sachs Group lowered shares of Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. DA Davidson increased their target price on shares of Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Stephens assumed coverage on Starbucks in a research report on Thursday, May 14th. They set an “overweight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $108.92.

Insider Activity at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of Starbucks stock in a transaction that occurred 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 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 588 shares of the business’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 value of $58,800.00. Following the completion of the transaction, the chief executive officer directly owned 79,593 shares in the company, valued at $7,959,300. The trade was a 0.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 8,687 shares of company stock valued at $863,707. Company insiders own 0.03% of the company’s stock.

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.