Starbucks Corporation $SBUX Shares Bought by Physicians Financial Services Inc.

Physicians Financial Services Inc. grew its holdings in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 111.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,106 shares of the coffee company’s stock after buying an additional 8,487 shares during the period. Physicians Financial Services Inc.’s holdings in Starbucks were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KRS Capital Management LLC grew its stake in shares of Starbucks by 5.2% in the first quarter. KRS Capital Management LLC now owns 3,956 shares of the coffee company’s stock worth $354,000 after purchasing an additional 197 shares in the last quarter. Osbon Capital Management LLC bought a new stake in shares of Starbucks during the fourth quarter valued at about $67,000. World Investment Advisors lifted its holdings in Starbucks by 6.9% in the fourth quarter. World Investment Advisors now owns 86,981 shares of the coffee company’s stock worth $7,325,000 after purchasing an additional 5,635 shares during the period. Meadowbrook Advisors Group LLC acquired a new stake in Starbucks in the fourth quarter worth about $368,000. Finally, Green Ridge Wealth Planning LLC bought a new position in Starbucks in the 4th quarter valued at about $259,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Starbucks stock opened at $100.65 on Friday. The firm has a market cap of $114.71 billion, a price-to-earnings ratio of 76.25, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88. The firm’s 50 day moving average price is $101.00 and its two-hundred day moving average price is $95.17.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities analysts predict that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Starbucks’s payout ratio is presently 187.88%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SBUX. Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the company a “buy” rating in a research note on Wednesday, May 6th. Stephens started coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued an “overweight” rating for the company. Citigroup raised their price objective on shares of Starbucks from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Wedbush started coverage on Starbucks in a report on Thursday, May 14th. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Starbucks in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.93.

Get Our Latest Stock Analysis on Starbucks

Insider Buying and Selling at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was 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 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 8,687 shares of company stock worth $863,707 over the last three months. 0.03% of the stock is owned by insiders.

More Starbucks News

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About Starbucks

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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