Summitry LLC Sells 109,607 Shares of Starbucks Corporation $SBUX

Summitry LLC cut its position in Starbucks Corporation (NASDAQ:SBUX) by 14.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 661,824 shares of the coffee company’s stock after selling 109,607 shares during the period. Starbucks comprises 2.2% of Summitry LLC’s portfolio, making the stock its 14th largest holding. Summitry LLC owned approximately 0.06% of Starbucks worth $67,632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SBUX. Wealth Enhancement Trust Services Inc. bought a new stake in Starbucks during the fourth quarter valued at about $875,000. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Starbucks by 36.4% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 88,374 shares of the coffee company’s stock worth $7,442,000 after acquiring an additional 23,589 shares during the period. Jefferies Financial Group Inc. boosted its stake in shares of Starbucks by 94.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock worth $7,938,000 after acquiring an additional 45,794 shares during the period. Swiss Life Asset Management Ltd grew its position in shares of Starbucks by 20.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company’s stock worth $43,655,000 after purchasing an additional 87,926 shares in the last quarter. Finally, Norges Bank bought a new stake in Starbucks during the 4th quarter valued at approximately $1,232,650,000. 72.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated 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 owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is currently owned by corporate insiders.

Starbucks Stock Performance

NASDAQ SBUX opened at $108.55 on Friday. The company has a market capitalization of $123.75 billion, a P/E ratio of 62.39, a P/E/G ratio of 1.87 and a beta of 0.97. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The stock has a 50 day moving average price of $103.53 and a 200-day moving average price of $99.91.

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

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks’s payout ratio is 142.53%.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Strong U.S. performance supports the rally. Starbucks reportedly delivered 8% U.S. comparable-store sales growth, while quarterly earnings and revenue exceeded analyst expectations. Analysts subsequently raised price targets as high as $130, reinforcing expectations that the company’s turnaround and operating initiatives are gaining traction. Starbucks (SBUX) Stock Reaches 52-Week Peak Following Strong Q3 Performance
• Positive Sentiment: Options activity signals bullish positioning. Investors purchased 40,915 SBUX call options, 59% above the average daily call volume of 25,712. Although options activity can include hedging, the elevated call buying suggests increased speculative interest in further gains.
• Positive Sentiment: Technical momentum remains favorable. Starbucks reached fresh 52-week highs, and chart analysts say the stock is approaching the upper end of a multiyear trading range, potentially creating room for a breakout if momentum continues. Starbucks is close to the top of its multiyear range
• Neutral Sentiment: Energy drinks offer a potential growth avenue. Starbucks is among restaurant chains expanding into energy drinks, which could broaden its beverage lineup and attract new occasions, but the financial impact is not yet clear. Why fast food chains are going all in on energy drinks
• Negative Sentiment: Starbucks Korea reported its first quarterly loss in 27 years. A marketing controversy led to a boycott, political criticism and a police raid, highlighting reputational and execution risks in an important international market. Starbucks Korea Suffers First Loss in 27 Years on PR Debacle

Analyst Upgrades and Downgrades

A number of research firms recently commented on SBUX. BTIG Research reissued a “buy” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, July 31st. Piper Sandler reiterated an “overweight” rating and set a $110.00 price objective on shares of Starbucks in a research report on Wednesday, April 29th. Citigroup upped their target price on shares of Starbucks from $108.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Melius Research set a $110.00 target price on shares of Starbucks in a research note on Monday, August 3rd. Finally, Sanford C. Bernstein downgraded shares of Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $109.92.

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.