BI Asset Management Fondsmaeglerselskab A S Sells 7,349 Shares of Starbucks Corporation $SBUX

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in Starbucks Corporation (NASDAQ:SBUX) by 14.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,980 shares of the coffee company’s stock after selling 7,349 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Starbucks were worth $3,761,000 at the end of the most recent quarter.

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

Insider Transactions at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the transaction, the chief executive officer owned 79,593 shares of the company’s stock, valued at approximately $7,959,300. This trade represents a 0.73% decrease in their position. The sale was disclosed in a document filed 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 the firm’s 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 completion of the transaction, the executive vice president directly owned 57,653 shares in the company, valued at $6,053,565. This trade represents a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 8,687 shares of company stock valued at $863,707. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Starbucks in a research note on Wednesday, April 29th. Stephens assumed coverage on shares of Starbucks in a research report on Thursday, May 14th. They set an “overweight” rating for the company. Zacks Research raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. DA Davidson boosted their price target on shares of Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Evercore upped their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.59.

Starbucks Price Performance

Shares of Starbucks stock opened at $100.15 on Tuesday. The firm has a market cap of $114.14 billion, a P/E ratio of 75.87, a P/E/G ratio of 2.00 and a beta of 0.98. The firm has a 50 day simple moving average of $101.06 and a 200 day simple moving average of $95.34. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, sell-side analysts expect that Starbucks Corporation will post 2.4 EPS for the current year.

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.