16,313 Shares in Starbucks Corporation $SBUX Bought by Gratus Wealth Advisors LLC

Key Points

• Gratus Wealth Advisors LLC acquired 16,313 Starbucks shares in the third quarter, valued at approximately $1.53 million. Institutional investors collectively own 72.29% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $110.14, despite some firms recently lowering targets.
• Starbucks reported quarterly earnings of $0.85 per share, exceeding estimates, and raised its quarterly dividend from $0.62 to $0.63 per share, equivalent to a 2.5% annualized yield.

Gratus Wealth Advisors LLC acquired a new stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,313 shares of the coffee company's stock, valued at approximately $1,533,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its stake in shares of Starbucks by 1.0% during the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company's stock worth $849,000 after buying an additional 97 shares during the last quarter. Cypress Capital Management LLC WY increased its holdings in shares of Starbucks by 30.9% during the second quarter. Cypress Capital Management LLC WY now owns 424 shares of the coffee company's stock worth $43,000 after buying an additional 100 shares in the last quarter. Webster Bank N. A. lifted its stake in shares of Starbucks by 7.8% in the 2nd quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company's stock valued at $143,000 after acquiring an additional 101 shares during the last quarter. Nilsine Partners LLC lifted its stake in shares of Starbucks by 1.0% in the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company's stock valued at $1,026,000 after acquiring an additional 101 shares during the last quarter. Finally, Beta Wealth Group Inc. lifted its stake in shares of Starbucks by 1.7% in the 2nd quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company's stock valued at $635,000 after acquiring an additional 102 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Brady Brewer sold 2,229 shares of the company's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $105.60, for a total value of $235,382.40. Following the sale, the chief executive officer directly owned 73,149 shares of the company's stock, valued at approximately $7,724,534.40. This represents a 2.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 valued at $685,935. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company cut their price objective on Starbucks from $125.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, October 21st. Robert W. Baird lowered their target price on Starbucks from $124.00 to $115.00 and set an "outperform" rating for the company in a report on Friday, October 2nd. CICC Research increased their target price on Starbucks from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Evercore reiterated an "outperform" rating and issued a $120.00 target price (up from $115.00) on shares of Starbucks in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $115.00 price target (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. Twenty-four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $110.14.

Starbucks Trading Up 1.9%

NASDAQ SBUX opened at $102.69 on Tuesday. The business's 50-day moving average price is $99.51 and its two-hundred day moving average price is $99.33. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51. The firm has a market capitalization of $117.07 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analysts' expectations of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, analysts forecast that Starbucks Corporation will post 2.65 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be given a $0.63 dividend. This is an increase from Starbucks's previous quarterly dividend of $0.62. The ex-dividend date is Friday, November 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.5%. Starbucks's dividend payout ratio is presently 142.53%.

Starbucks Company Profile

Starbucks Corporation is a global specialty coffee company headquartered in Seattle, Washington. Founded in 1971, the company operates and licenses coffeehouses under the Starbucks brand, serving brewed coffee, espresso beverages, teas, cold drinks, food, and other ready-to-consume products.

In addition to its company-operated and licensed stores, Starbucks sells packaged coffee, tea, and single-serve products through grocery retailers, convenience stores, and other distribution channels.

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