Ibex Wealth Advisors Acquires Shares of 56,608 Starbucks Corporation $SBUX

Ibex Wealth Advisors bought a new position in shares of Starbucks Corporation (NASDAQ:SBUX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 56,608 shares of the coffee company’s stock, valued at approximately $5,785,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Rachor Investment Advisory Services LLC bought a new position in Starbucks in the 4th quarter valued at about $25,000. Phillip James Consulting Co. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Entrust Financial LLC bought a new position in shares of Starbucks during the fourth quarter worth approximately $26,000. Finally, Financial Freedom LLC increased its stake in shares of Starbucks by 296.2% during the first quarter. Financial Freedom LLC now owns 313 shares of the coffee company’s stock worth $28,000 after purchasing an additional 234 shares during the period. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SBUX. Morgan Stanley downgraded Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. BMO Capital Markets reissued an “outperform” rating and set a $130.00 target price on shares of Starbucks in a report on Thursday, July 30th. BTIG Research reissued a “buy” rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, July 31st. TD Cowen assumed coverage on shares of Starbucks in a research note on Thursday, July 30th. They issued a “buy” rating and a $120.00 price target on the stock. Finally, Guggenheim began coverage on shares of Starbucks in a research report on Monday, August 3rd. They set a “buy” rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $109.92.

Starbucks Price Performance

Starbucks stock opened at $107.69 on Monday. The firm has a market cap of $122.77 billion, a PE ratio of 61.89, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. The stock’s fifty day moving average price is $103.78 and its two-hundred day moving average price is $99.99. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period in the prior year, the firm posted $0.50 EPS. Starbucks’s quarterly revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Sell-side analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the transaction, the chief executive officer directly owned 75,135 shares in the company, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,687 shares of company stock valued at $681,663. 0.03% of the stock is currently owned by insiders.

About Starbucks

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.