Starbucks Corporation $SBUX Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC reduced its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 33.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,412 shares of the coffee company’s stock after selling 5,721 shares during the period. Axxcess Wealth Management LLC’s holdings in Starbucks were worth $1,022,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SBUX. Vanguard Group Inc. raised its holdings in shares of Starbucks by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock worth $9,634,523,000 after acquiring an additional 971,773 shares during the last quarter. Capital World Investors boosted its stake in shares of Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after acquiring an additional 7,007,268 shares during the last quarter. State Street Corp boosted its stake in shares of Starbucks by 0.7% during the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock valued at $4,031,053,000 after acquiring an additional 327,161 shares during the last quarter. Geode Capital Management LLC increased its position in Starbucks by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock worth $2,212,153,000 after purchasing an additional 225,168 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in Starbucks by 65.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after purchasing an additional 7,725,547 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling

In other news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $104.00, for a total value of $231,816.00. Following the transaction, the chief executive officer owned 77,364 shares of the company’s stock, valued at approximately $8,045,856. This trade represents a 2.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of Starbucks stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, the executive vice president owned 57,653 shares in the company, valued at $6,053,565. The trade was a 3.35% decrease in their position. 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. Over the last ninety days, insiders have sold 9,275 shares of company stock worth $947,833. 0.03% of the stock is currently owned by corporate insiders.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks is reportedly developing in-house AI tools that could replace third-party software, potentially lowering its software and operating expenses and improving margins. Starbucks Stock Rises Amid In-House Software Push
• Positive Sentiment: Investors are also encouraged by the idea that Starbucks can use AI to reduce reliance on outside vendors, supporting a broader cost-reduction initiative and possible earnings leverage over time. Starbucks Targets $400 Million Software Spend With AI Shift
• Positive Sentiment: Recent commentary has also kept focus on Starbucks’ improving traffic, loyalty growth, and turnaround efforts, which has helped sustain bullish sentiment near the stock’s recent highs. Starbucks Near Its 52-Week High: Can the Stock Sustain the Rally?
• Neutral Sentiment: CEO Brady Brewer sold shares under a pre-arranged 10b5-1 plan. The sale is not necessarily a negative signal, but investors may still note the insider transaction. SEC Form 4 filing
• Neutral Sentiment: Starbucks remains near its 52-week high after a strong run, which can attract momentum buyers but also raises valuation concerns for some investors. Starbucks Near Its 52-Week High: Can the Stock Sustain the Rally?

Starbucks Stock Performance

Starbucks stock opened at $106.41 on Friday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88. The firm has a 50 day moving average price of $102.42 and a 200 day moving average price of $97.01. The company has a market cap of $121.28 billion, a price-to-earnings ratio of 80.61, a PEG ratio of 2.06 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping 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 business had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the firm posted $0.41 EPS. The business’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. Sell-side analysts predict that Starbucks Corporation will post 2.4 EPS for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s payout ratio is 187.88%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SBUX shares. DA Davidson upped their target price on shares of Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. BTIG Research lowered shares of Starbucks from a “buy” rating to a “neutral” rating in a research report on Thursday, May 14th. Piper Sandler reissued an “overweight” rating and set a $110.00 price objective on shares of Starbucks in a research note on Wednesday, April 29th. Robert W. Baird raised their target price on shares of Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $115.00 target price (up from $110.00) on shares of Starbucks in a research note on Wednesday, April 29th. Nineteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.92.

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.