Gibbs Wealth Management Purchases 5,772 Shares of Starbucks Corporation $SBUX

Gibbs Wealth Management increased its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 30.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,683 shares of the coffee company’s stock after acquiring an additional 5,772 shares during the period. Gibbs Wealth Management’s holdings in Starbucks were worth $2,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SBUX. Rachor Investment Advisory Services LLC bought a new stake in shares of Starbucks during the 4th quarter worth $25,000. Phillip James Consulting Co. bought a new position in Starbucks in the fourth quarter valued at about $25,000. Cornerstone Financial Management LLC acquired a new position in Starbucks during the fourth quarter worth about $25,000. Entrust Financial LLC acquired a new position in Starbucks during the fourth quarter worth about $26,000. Finally, Financial Freedom LLC lifted its holdings in shares of Starbucks by 296.2% in the first quarter. Financial Freedom LLC now owns 313 shares of the coffee company’s stock worth $28,000 after acquiring an additional 234 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group lowered shares of Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. Piper Sandler restated an “overweight” rating and issued a $110.00 target price on shares of Starbucks in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starbucks in a research note on Monday. JPMorgan Chase & Co. upped their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 price target (up from $115.00) on shares of Starbucks in a research note on Thursday, July 16th. Nineteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $109.42.

Insider Activity

In other news, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the executive vice president directly 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Monday, July 6th. The stock was 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 directly 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. 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. Insiders have sold a total of 8,687 shares of company stock worth $889,033 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $103.21 on Friday. The company has a 50 day simple moving average of $102.40 and a 200 day simple moving average of $98.47. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $109.23. The firm has a market cap of $117.63 billion, a PE ratio of 78.19, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98.

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 analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, research analysts anticipate that Starbucks Corporation will post 2.41 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is currently 187.88%.

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.