Ameritas Advisory Services LLC Buys 14,468 Shares of Starbucks Corporation $SBUX

Ameritas Advisory Services LLC grew its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 357.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,511 shares of the coffee company's stock after purchasing an additional 14,468 shares during the quarter. Ameritas Advisory Services LLC's holdings in Starbucks were worth $1,892,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SBUX. Wedmont Private Capital lifted its position in Starbucks by 9.2% during the 2nd quarter. Wedmont Private Capital now owns 17,457 shares of the coffee company's stock worth $1,851,000 after buying an additional 1,467 shares in the last quarter. Kintra Wealth LLC increased its position in shares of Starbucks by 9.1% in the 2nd quarter. Kintra Wealth LLC now owns 5,254 shares of the coffee company's stock valued at $570,000 after buying an additional 439 shares in the last quarter. Nilsine Partners LLC raised its position in shares of Starbucks by 1.0% during the second quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company's stock worth $1,026,000 after purchasing an additional 101 shares during the period. Saudi Central Bank boosted its holdings in shares of Starbucks by 90.0% in the second quarter. Saudi Central Bank now owns 79,751 shares of the coffee company's stock valued at $8,150,000 after buying an additional 37,779 shares during the period. Finally, Compass Financial Management LLC acquired a new position in Starbucks in the 2nd quarter worth $58,000. 72.29% of the stock is owned by institutional investors.

Insider Activity at Starbucks

In other Starbucks 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 transaction of $235,382.40. Following the sale, the chief executive officer owned 73,149 shares of the company's stock, valued at approximately $7,724,534.40. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 6,687 shares of company stock valued at $703,450. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several research reports. Evercore reaffirmed an "outperform" rating on shares of Starbucks in a research note on Thursday, July 30th. UBS Group boosted their price target on Starbucks from $105.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Starbucks in a report on Monday, July 20th. Citigroup increased their price objective on shares of Starbucks from $108.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Finally, TD Cowen restated a "buy" rating on shares of Starbucks in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $110.30.

Starbucks Trading Down 1.9%

Shares of NASDAQ SBUX opened at $100.04 on Thursday. The stock has a 50-day moving average price of $105.37 and a two-hundred day moving average price of $101.27. The company has a market cap of $114.05 billion, a price-to-earnings ratio of 57.49, a PEG ratio of 1.76 and a beta of 0.97. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the previous year, the company posted $0.50 EPS. Starbucks's quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, sell-side analysts predict that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.

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