Atria Investments Inc Sells 26,301 Shares of Starbucks Corporation $SBUX

Atria Investments Inc lowered its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 19.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,953 shares of the coffee company's stock after selling 26,301 shares during the quarter. Atria Investments Inc's holdings in Starbucks were worth $11,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in SBUX. Rachor Investment Advisory Services LLC bought a new stake in Starbucks during the 4th quarter worth approximately $25,000. Phillip James Consulting Co. bought a new position in shares of Starbucks during the fourth quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Starbucks during the fourth quarter worth $25,000. Entrust Financial LLC acquired a new position in shares of Starbucks during the fourth quarter worth $26,000. Finally, Financial Freedom LLC grew its stake in shares of Starbucks by 296.2% in the first quarter. Financial Freedom LLC now owns 313 shares of the coffee company's stock worth $28,000 after purchasing an additional 234 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Scotiabank downgraded Starbucks from a "market perform" rating to an "underperform" rating in a report on Thursday, May 14th. Robert W. Baird set a $124.00 price target on Starbucks in a research report on Thursday, July 30th. Wells Fargo & Company cut Starbucks from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Compass Point assumed coverage on Starbucks in a research report on Monday, August 3rd. They set a "buy" rating for the company. Finally, Zacks Research lowered Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. 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's stock. According to data from MarketBeat.com, Starbucks currently has a consensus rating of "Hold" and an average price target of $109.92.

Starbucks Trading Up 0.2%

Shares of SBUX opened at $107.92 on Tuesday. The firm's fifty day simple moving average is $104.04 and its two-hundred day simple moving average is $100.08. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51. The stock has a market capitalization of $123.03 billion, a P/E ratio of 62.02, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $9.32 billion during the quarter, compared to analyst estimates 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 period last year, the company posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, research analysts predict that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

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

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the transaction, the chief executive officer directly owned 75,135 shares of the company's stock, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock valued at $681,663 in the last ninety days. Insiders own 0.03% of the company's stock.

Starbucks 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.

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