Wilmington Savings Fund Society FSB Sells 11,380 Shares of Starbucks Corporation $SBUX

Wilmington Savings Fund Society FSB lowered its position in Starbucks Corporation (NASDAQ:SBUXFree Report) by 43.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,820 shares of the coffee company’s stock after selling 11,380 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Starbucks were worth $1,254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Cooper Haims Advisors LLC grew its holdings in Starbucks by 3.0% in the second quarter. Cooper Haims Advisors LLC now owns 3,749 shares of the coffee company’s stock worth $344,000 after purchasing an additional 110 shares during the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Starbucks by 2.4% during the third quarter. Silver Oak Securities Incorporated now owns 5,288 shares of the coffee company’s stock worth $447,000 after buying an additional 122 shares during the period. Winch Advisory Services LLC lifted its position in Starbucks by 1.1% during the 3rd quarter. Winch Advisory Services LLC now owns 11,004 shares of the coffee company’s stock worth $931,000 after acquiring an additional 123 shares during the period. Pioneer Trust Bank N A OR lifted its holdings in shares of Starbucks by 1.1% during the third quarter. Pioneer Trust Bank N A OR now owns 11,437 shares of the coffee company’s stock worth $968,000 after purchasing an additional 125 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Starbucks by 3.5% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 3,765 shares of the coffee company’s stock valued at $345,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

SBUX opened at $95.83 on Friday. The firm has a fifty day moving average price of $95.93 and a 200 day moving average price of $88.54. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $104.82. The stock has a market cap of $109.18 billion, a P/E ratio of 79.20, a P/E/G ratio of 2.07 and a beta of 0.93.

Starbucks (NASDAQ:SBUXGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the previous year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Equities analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

Wall Street Analysts Forecast Growth

Several brokerages have commented on SBUX. Mizuho lifted their price objective on shares of Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. UBS Group reiterated a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. William Blair upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 22nd. Guggenheim reaffirmed a “neutral” rating and issued a $95.00 price target (up from $90.00) on shares of Starbucks in a report on Wednesday, March 4th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Starbucks in a research report on Wednesday, March 4th. Fifteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $103.81.

Check Out Our Latest Analysis on SBUX

Insider Activity

In other Starbucks news, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $242,800.00. Following the sale, the executive vice president directly owned 59,609 shares of the company’s stock, valued at approximately $5,789,226.08. This trade represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brady Brewer sold 1,641 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $159,373.92. Following the completion of the sale, the chief executive officer owned 86,605 shares of the company’s stock, valued at $8,411,077.60. This trade represents a 1.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,729 shares of company stock valued at $460,974. 0.03% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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