Starbucks Corporation $SBUX Shares Acquired by Ascentis Wealth Management LLC

Ascentis Wealth Management LLC grew its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 7,944.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 666,201 shares of the coffee company's stock after purchasing an additional 657,919 shares during the quarter. Ascentis Wealth Management LLC owned 0.06% of Starbucks worth $68,079,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SBUX. Rachor Investment Advisory Services LLC acquired a new stake in Starbucks during the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new position in Starbucks in the 4th quarter valued at approximately $25,000. Phillip James Consulting Co. purchased a new position in Starbucks in the 4th quarter valued at approximately $25,000. Entrust Financial LLC acquired a new position in shares of Starbucks in the fourth quarter worth $26,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Starbucks in the fourth quarter worth $27,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Price Performance

Starbucks stock opened at $107.69 on Monday. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51. The stock has a market cap of $122.77 billion, a PE ratio of 61.89, a P/E/G ratio of 1.86 and a beta of 0.97. The stock's fifty day moving average is $103.78 and its two-hundred day moving average is $99.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $9.17 billion. During the same period in the prior year, the firm posted $0.50 EPS. The business'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, research analysts expect that Starbucks Corporation will post 2.64 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, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks's payout ratio is presently 142.53%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Starbucks from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $126.00 target price on shares of Starbucks in a research note on Thursday, July 30th. BTIG Research restated a "buy" rating and set a $115.00 price target on shares of Starbucks in a report on Friday, July 31st. Evercore reaffirmed an "outperform" rating on shares of Starbucks in a research report on Thursday, July 30th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $110.00 price objective on shares of Starbucks in a research note on Wednesday, April 29th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $109.92.

Insider Transactions at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the business'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 in the company, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 over the last three months. Corporate insiders own 0.03% of the company's stock.

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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