Diversify Wealth Management LLC Buys 12,692 Shares of Starbucks Corporation $SBUX

Diversify Wealth Management LLC boosted its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 123.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,004 shares of the coffee company’s stock after purchasing an additional 12,692 shares during the quarter. Diversify Wealth Management LLC’s holdings in Starbucks were worth $2,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Oak Thistle LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $1,149,000. Czech National Bank grew its holdings in shares of Starbucks by 3.9% during the fourth quarter. Czech National Bank now owns 299,833 shares of the coffee company’s stock valued at $25,249,000 after buying an additional 11,135 shares during the last quarter. Goodman Financial Corp acquired a new position in shares of Starbucks in the 4th quarter valued at $8,811,000. Wealth Enhancement Trust Services Inc. acquired a new position in shares of Starbucks in the 4th quarter valued at $875,000. Finally, Third View Private Wealth LLC purchased a new position in Starbucks in the 4th quarter worth $3,135,000. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $110.00 price target on shares of Starbucks in a research report on Wednesday, April 29th. Morgan Stanley upgraded Starbucks from an “overweight” rating to an “overweight” rating in a research report on Thursday, May 14th. Guggenheim reiterated a “neutral” rating and issued a $97.00 price target (up from $95.00) on shares of Starbucks in a report on Wednesday, April 29th. Dbs Bank raised shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a research report on Friday, March 20th. Finally, BTIG Research cut shares of Starbucks from a “buy” rating to a “neutral” rating in a research note on Thursday, May 14th. Nineteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and a consensus target price of $108.92.

Starbucks Stock Up 1.3%

Starbucks stock opened at $107.34 on Tuesday. The business’s 50-day moving average price is $102.47 and its 200 day moving average price is $97.31. The firm has a market cap of $122.34 billion, a price-to-earnings ratio of 81.32, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. Starbucks Corporation has a 52 week low of $77.99 and a 52 week 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 analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The company had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the company posted $0.41 earnings per share. Starbucks’s revenue for the quarter was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities analysts expect that Starbucks Corporation will post 2.4 EPS for the current year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks’s dividend payout ratio is 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 dated Monday, July 6th. The shares were sold at an average price of $104.00, for a total value of $231,816.00. Following the completion of the transaction, the chief executive officer owned 77,364 shares in the company, valued at approximately $8,045,856. This represents a 2.80% decrease in their ownership of the stock. The sale 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, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the sale, the executive vice president owned 57,653 shares in the company, valued at $6,053,565. This trade represents a 3.35% 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. In the last 90 days, insiders have sold 9,275 shares of company stock worth $947,833. 0.03% of the stock is owned by company insiders.

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.