Starbucks Corporation $SBUX Stock Position Raised by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Starbucks Corporation (NASDAQ:SBUX) by 20.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 144,406 shares of the coffee company’s stock after purchasing an additional 24,984 shares during the period. QRG Capital Management Inc.’s holdings in Starbucks were worth $12,937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. TCI Wealth Advisors Inc. raised its stake in Starbucks by 73.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 4,502 shares of the coffee company’s stock valued at $403,000 after purchasing an additional 1,904 shares during the period. HB Wealth Management LLC boosted its position in shares of Starbucks by 11.2% in the first quarter. HB Wealth Management LLC now owns 44,002 shares of the coffee company’s stock worth $3,942,000 after buying an additional 4,426 shares during the period. Baer Investment Advisory LLC purchased a new position in shares of Starbucks during the first quarter valued at $273,000. World Investment Advisors grew its holdings in shares of Starbucks by 2.5% during the first quarter. World Investment Advisors now owns 89,116 shares of the coffee company’s stock valued at $7,984,000 after buying an additional 2,135 shares in the last quarter. Finally, PAX Financial Group LLC increased its holdings in shares of Starbucks by 4.2% in the 1st quarter. PAX Financial Group LLC now owns 6,162 shares of the coffee company’s stock valued at $552,000 after purchasing an additional 250 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 588 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $100.00, for a total value of $58,800.00. Following the completion of the sale, the chief executive officer owned 79,593 shares of the company’s stock, valued at $7,959,300. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 dated 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 trade represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,687 shares of company stock valued at $863,707 in the last ninety days. Insiders own 0.03% of the company’s stock.

Starbucks Price Performance

Shares of SBUX opened at $104.27 on Friday. The company’s fifty day moving average is $101.97 and its 200-day moving average is $96.45. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $108.88. The firm has a market cap of $118.84 billion, a price-to-earnings ratio of 78.99, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter last year, the firm earned $0.41 EPS. Starbucks’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. As a group, research analysts predict that Starbucks Corporation will post 2.4 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. Shareholders of record on Friday, August 14th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is 187.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird increased 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. Evercore upped their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. BNP Paribas Exane began coverage on Starbucks in a report on Thursday, May 14th. They set an “underperform” rating for the company. Guggenheim restated a “neutral” rating and issued a $97.00 target price (up from $95.00) on shares of Starbucks in a research note on Wednesday, April 29th. Finally, TD Cowen raised Starbucks from a “hold” rating to a “buy” rating and upped their target price for the stock from $106.00 to $120.00 in a research report on Thursday, May 14th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.92.

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.