Orange Investment Advisors Inc. Has $4.54 Million Stock Holdings in Starbucks Corporation $SBUX

Orange Investment Advisors Inc. trimmed its position in Starbucks Corporation (NASDAQ:SBUX) by 17.8% during the first quarter, Holdings Channel reports. The firm owned 50,694 shares of the coffee company’s stock after selling 10,980 shares during the quarter. Orange Investment Advisors Inc.’s holdings in Starbucks were worth $4,542,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SBUX. Chemung Canal Trust Co. increased its position in Starbucks by 238.0% during the first quarter. Chemung Canal Trust Co. now owns 13,614 shares of the coffee company’s stock worth $1,220,000 after buying an additional 9,586 shares during the last quarter. MeadowBrook Investment Advisors LLC raised its stake in Starbucks by 3.3% in the first quarter. MeadowBrook Investment Advisors LLC now owns 9,336 shares of the coffee company’s stock valued at $836,000 after buying an additional 300 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Starbucks by 83.2% in the first quarter. Janney Montgomery Scott LLC now owns 340,211 shares of the coffee company’s stock valued at $30,480,000 after buying an additional 154,485 shares during the last quarter. Wernau Asset Management Inc. lifted its position in shares of Starbucks by 4.9% in the first quarter. Wernau Asset Management Inc. now owns 2,648 shares of the coffee company’s stock valued at $237,000 after buying an additional 123 shares during the last quarter. Finally, Cornerstone Wealth Group LLC boosted its stake in shares of Starbucks by 12.3% during the 1st quarter. Cornerstone Wealth Group LLC now owns 6,329 shares of the coffee company’s stock worth $619,000 after acquiring an additional 695 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SBUX. Morgan Stanley raised Starbucks from an “overweight” rating to an “overweight” rating in a report on Thursday, May 14th. Stephens began coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating on the stock. Stifel Nicolaus set a $117.00 price objective on shares of Starbucks and gave the company a “buy” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada cut shares of Starbucks from a “sector perform” rating to a “positive” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.59.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the completion of the transaction, the chief executive officer directly owned 81,559 shares in the company, valued at approximately $8,548,198.79. The trade was a 2.66% 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. Also, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was 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 of the company’s stock, valued at approximately $6,053,565. This represents a 3.35% 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. Insiders sold a total of 8,687 shares of company stock valued at $863,707 over the last ninety days. Insiders own 0.03% of the company’s stock.

Starbucks Stock Performance

SBUX opened at $104.60 on Monday. The stock has a fifty day moving average of $101.50 and a 200-day moving average of $95.85. The company has a market capitalization of $119.21 billion, a P/E ratio of 79.24, a P/E/G ratio of 2.08 and a beta of 0.98. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. Starbucks’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities research analysts predict that Starbucks Corporation will post 2.4 earnings per share for the current fiscal year.

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.