IFP Advisors Inc Has $2.44 Million Stock Position in Starbucks Corporation $SBUX

Key Points

• IFP Advisors cut its Starbucks position by 29.3% in the second quarter, selling 9,917 shares and retaining 23,885 shares valued at approximately $2.44 million. Institutional investors collectively own 72.29% of SBUX.
• Starbucks reported quarterly earnings of $0.85 per share, beating estimates of $0.66, while revenue reached $9.32 billion and exceeded forecasts. However, revenue declined 1.4% year over year.
• SBUX recently traded near its 52-week high at $108.49, but its valuation remains elevated with a P/E ratio of 62.35. Analysts’ average rating is “Hold,” with an average price target of $109.92, while the company declared a quarterly dividend of $0.62 per share.

IFP Advisors Inc lowered its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 29.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,885 shares of the coffee company's stock after selling 9,917 shares during the quarter. IFP Advisors Inc's holdings in Starbucks were worth $2,441,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Starbucks by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company's stock valued at $9,634,523,000 after purchasing an additional 971,773 shares during the period. Capital World Investors lifted its position in Starbucks by 9.0% in the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company's stock worth $7,135,228,000 after purchasing an additional 7,007,268 shares during the period. State Street Corp lifted its position in Starbucks by 0.7% in the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company's stock worth $4,031,053,000 after purchasing an additional 327,161 shares during the period. Geode Capital Management LLC boosted its stake in Starbucks by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company's stock worth $2,212,153,000 after buying an additional 225,168 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Starbucks by 65.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company's stock worth $1,637,704,000 after buying an additional 7,725,547 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Fresh 52-week high: Starbucks reached $108.49, signaling strong momentum and renewed investor demand. The stock is approaching the upper end of its multiyear trading range, where a decisive breakout could attract additional technical buyers. Starbucks Reaches $108.49, a Fresh 52-Week High Starbucks Technical Breakout Analysis
• Positive Sentiment: Profitability focus: Coverage of Starbucks’ latest earnings call suggests management is emphasizing profits and operational performance over pursuing growth at any cost. That focus could support margins and investor confidence, particularly after the company exceeded quarterly earnings expectations in the supplied background information. Starbucks Earnings Call Signals Profits Over Growth
• Positive Sentiment: Energy-drink opportunity: Starbucks is among restaurant chains expanding into energy drinks, potentially broadening afternoon traffic, average sales and appeal to younger consumers. The strategy could create incremental growth, though its financial contribution is not yet clear. Fast-Food Chains Expand Into Energy Drinks
• Neutral Sentiment: Reports about Starbucks’ Canadian depository receipt and comparisons with other stocks provide market information but no new company-specific catalyst. Starbucks Canadian Depository Receipt Quote
• Neutral Sentiment: Starbucks’ inclusion in broader dividend-stock commentary does not materially change the company’s current outlook. S&P 500 Dividend Stock Commentary
• Negative Sentiment: At a market capitalization above $120 billion and a high earnings multiple, SBUX has limited room for disappointment. The technical rally could also encounter resistance near the top of its multiyear range.

Insiders Place Their Bets

In other news, CEO Brady Brewer sold 2,229 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 owned 75,135 shares of the company's stock, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock worth $681,663 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of recent research reports. TD Cowen assumed coverage on shares of Starbucks in a research note on Thursday, July 30th. They issued a "buy" rating and a $120.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Starbucks from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. UBS Group upped their target price on shares of Starbucks from $105.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Starbucks in a research report on Monday, July 20th. Finally, Evercore reissued an "outperform" rating on shares of Starbucks in a research report on Thursday, July 30th. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Starbucks has an average rating of "Hold" and an average target price of $109.92.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $108.49 on Thursday. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $109.23. The business has a fifty day moving average of $103.24 and a two-hundred day moving average of $99.84. The stock has a market cap of $123.68 billion, a PE ratio of 62.35, a PEG ratio of 1.84 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results 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 business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Analysts predict that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks's dividend payout ratio is currently 142.53%.

Starbucks Company 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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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.

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