First Financial Bankshares Inc Has $19.42 Million Holdings in Starbucks Corporation $SBUX

First Financial Bankshares Inc cut its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 230,574 shares of the coffee company’s stock after selling 5,533 shares during the quarter. First Financial Bankshares Inc’s holdings in Starbucks were worth $19,417,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SBUX. Rachor Investment Advisory Services LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. Y.D. More Investments Ltd acquired a new stake in shares of Starbucks during the third quarter worth $26,000. Entrust Financial LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $26,000. Tucker Asset Management LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $27,000. Finally, JPL Wealth Management LLC acquired a new stake in Starbucks in the third quarter worth $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several research analyst reports. TD Cowen raised shares of Starbucks from a “hold” rating to a “buy” rating and lifted their price target for the company from $106.00 to $120.00 in a research note on Thursday, May 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. Morgan Stanley upgraded shares of Starbucks from an “overweight” rating to an “overweight” rating in a report on Thursday, May 14th. Wedbush began coverage on shares of Starbucks in a report on Thursday, May 14th. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group began coverage on shares of Starbucks in a report on Thursday, May 14th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.93.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks is reportedly evaluating a sale or IPO-style transaction for its Japan operations, a move that could unlock value from one of its most important overseas markets and free up capital for other priorities. Starbucks Evaluates Sale and IPO Options for Japanese Operations (SBUX)
• Positive Sentiment: Additional reports said Starbucks has held early discussions with investment banks about strategic options in Japan, reinforcing speculation that management may take another asset-light step similar to its recent China ownership changes. Starbucks mulls options for Japan business, including stake sale
• Positive Sentiment: Business headlines also pointed to ongoing operational momentum, including stronger U.S. comparable-store sales, rising transactions across income groups, and improving operating income, which supports the view that the turnaround is gaining traction. Starbucks eyes massive change in key market
• Positive Sentiment: Investor enthusiasm was also reflected in unusually heavy call-option buying, a sign that some traders are positioning for further upside in SBUX. Starbucks eyes massive change in Japan
• Neutral Sentiment: CEO Brady Brewer disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is routine and not necessarily a bearish signal, but it can create modest headline noise. SEC filing

Insider Transactions at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total transaction of $233,621.49. Following the completion of the transaction, the chief executive officer directly owned 81,559 shares in the company, valued at $8,548,198.79. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of Starbucks stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, the executive vice president owned 57,653 shares of the company’s stock, valued at $6,053,565. This represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,099 shares of company stock valued at $804,907 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Starbucks Trading Up 3.6%

Shares of NASDAQ SBUX opened at $102.28 on Friday. The firm’s 50-day moving average price is $100.02 and its 200-day moving average price is $94.59. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88. The firm has a market capitalization of $116.57 billion, a P/E ratio of 77.49, a P/E/G ratio of 1.95 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities research analysts forecast that Starbucks Corporation will post 2.42 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, May 15th. Starbucks’s dividend payout ratio (DPR) is currently 187.88%.

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.