Alliance Wealth Advisors LLC UT reduced its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 37.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,708 shares of the coffee company's stock after selling 11,617 shares during the quarter. Alliance Wealth Advisors LLC UT's holdings in Starbucks were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its position in Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock valued at $16,126,000 after acquiring an additional 81,952 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of Starbucks by 47.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company's stock worth $334,000 after purchasing an additional 1,164 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Starbucks in the 2nd quarter worth about $288,000. Gamco Investors INC. ET AL lifted its stake in shares of Starbucks by 92.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company's stock valued at $479,000 after purchasing an additional 2,515 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Starbucks by 7.6% during the 2nd quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company's stock worth $10,328,000 after purchasing an additional 7,978 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Starbucks from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Royal Bank Of Canada reiterated a "sector perform" rating and set a $110.00 price objective (up from $105.00) on shares of Starbucks in a research note on Wednesday, April 29th. Evercore increased their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 29th. New Street Research set a $90.00 target price on shares of Starbucks in a research note on Tuesday, January 27th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Starbucks in a report on Wednesday, April 22nd. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $106.93.
Read Our Latest Stock Analysis on SBUX
Starbucks Stock Down 0.9%
SBUX opened at $104.93 on Tuesday. The firm's 50 day moving average is $96.53 and its 200-day moving average is $91.09. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $107.52. The firm has a market capitalization of $119.55 billion, a P/E ratio of 79.49, a P/E/G ratio of 2.14 and a beta of 1.01.
Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. The business's quarterly revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities analysts expect that Starbucks Corporation will post 2.4 earnings per share for the current fiscal year.
Starbucks Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 2.4%. Starbucks's dividend payout ratio (DPR) is currently 187.88%.
Insider Transactions at Starbucks
In other news, CEO Brady Brewer sold 588 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the transaction, the chief executive officer directly owned 83,788 shares in the company, valued at approximately $8,378,800. This represents a 0.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 firm's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the executive vice president directly owned 57,653 shares of the company's stock, 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 8,958 shares of company stock worth $877,464. Corporate insiders own 0.03% of the company's stock.
Trending Headlines about Starbucks
Here are the key news stories impacting Starbucks this week:
Starbucks Profile
(
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.
Read More
Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Starbucks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Starbucks wasn't on the list.
While Starbucks currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link to learn more about using beta to protect your portfolio.
Get This Free Report