Starbucks Corporation $SBUX Shares Sold by Cambridge Investment Research Advisors Inc.

Key Points

• Cambridge Investment Research Advisors cut its Starbucks position by 10.9% in the second quarter, selling 27,410 shares and retaining 223,721 shares valued at approximately $22.9 million. Institutional investors collectively own 72.29% of Starbucks.
• Analyst sentiment is mixed but leans positive: 19 analysts rate Starbucks a Buy, 11 recommend Hold and four recommend Sell. The consensus rating is Hold, with an average price target of $109.92.
• Starbucks exceeded quarterly expectations, reporting $0.85 in earnings per share versus the $0.66 estimate and $9.32 billion in revenue. The company also declared a quarterly dividend of $0.62 per share, representing a 2.3% yield, although its payout ratio is elevated at 142.53%.

Cambridge Investment Research Advisors Inc. lessened its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 223,721 shares of the coffee company's stock after selling 27,410 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Starbucks were worth $22,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Starbucks in the 4th quarter valued at about $1,232,650,000. T. Rowe Price Investment Management Inc. lifted its position in shares of 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 purchasing an additional 7,725,547 shares in the last quarter. Capital World Investors lifted its position in shares of Starbucks by 9.0% during 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 in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Starbucks by 146.6% in the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company's stock valued at $553,201,000 after purchasing an additional 3,596,014 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Starbucks by 483.8% in the second quarter. Assenagon Asset Management S.A. now owns 3,182,890 shares of the coffee company's stock valued at $325,260,000 after purchasing an additional 2,637,715 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of research reports. BMO Capital Markets restated an "outperform" rating and issued a $130.00 price objective on shares of Starbucks in a report on Thursday, July 30th. TD Cowen assumed coverage on shares of Starbucks in a report on Thursday, July 30th. They set a "buy" rating and a $120.00 target price on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Starbucks in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $126.00 price target on shares of Starbucks in a research note on Thursday, July 30th. Finally, UBS Group upped their price objective on Starbucks from $105.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Nineteen investment 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.

Insider Buying and Selling at Starbucks

In related 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 owned 75,135 shares in the company, valued at $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is currently owned by company insiders.

Starbucks Stock Performance

Shares of SBUX stock opened at $107.69 on Monday. The company has a market cap of $122.77 billion, a P/E ratio of 61.89, a PEG ratio of 1.86 and a beta of 0.97. The firm has a fifty day moving average price of $103.78 and a 200 day moving average price of $99.99. 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 posted its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analysts' expectations of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.Starbucks's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, equities analysts forecast that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Dividend Announcement

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