Ghe LLC Sells 29,645 Shares of Starbucks Corporation $SBUX

Key Points

• Ghe LLC reduced its Starbucks stake by 90.1% in the second quarter, selling 29,645 shares and retaining 3,249 shares valued at approximately $332,000. Institutional investors collectively own 72.29% of the company.
• Analyst sentiment remains mixed, with 19 Buy, 11 Hold, and 4 Sell ratings; the consensus rating is Hold with a price target of $110.30.
• Starbucks beat quarterly estimates with earnings of $0.85 per share and revenue of $9.32 billion, while declaring a quarterly dividend of $0.62 per share, representing a 2.3% yield.

Ghe LLC cut its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 90.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,249 shares of the coffee company's stock after selling 29,645 shares during the quarter. Ghe LLC's holdings in Starbucks were worth $332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rachor Investment Advisory Services LLC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $25,000. Phillip James Consulting Co. acquired a new position in shares of Starbucks during the 4th quarter valued at $25,000. Cornerstone Financial Management LLC bought a new position in Starbucks during the fourth quarter worth $25,000. Entrust Financial LLC bought a new position in Starbucks during the fourth quarter worth $26,000. Finally, Financial Freedom LLC grew its holdings in 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 period. 72.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SBUX has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Starbucks in a research note on Monday, July 20th. Wells Fargo & Company cut shares of Starbucks from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. Melius Research set a $110.00 target price on Starbucks in a research note on Monday, August 3rd. UBS Group boosted their target price on Starbucks from $105.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Finally, TD Cowen reiterated a "buy" rating on shares of Starbucks in a report on Tuesday. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $110.30.

Starbucks Trading Down 1.8%

SBUX opened at $106.01 on Wednesday. The company's fifty day moving average price is $104.21 and its two-hundred day moving average price is $100.15. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51. The company has a market cap of $120.85 billion, a price-to-earnings ratio of 60.93, a PEG ratio of 1.86 and a beta of 0.97.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to analysts' expectations of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business's revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks's dividend payout ratio (DPR) is presently 142.53%.

Insider Transactions at Starbucks

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 transaction of $236,251.71. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is currently owned by insiders.

About Starbucks

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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