Starbucks Corporation $SBUX Shares Sold by Absher Wealth Management LLC

Absher Wealth Management LLC decreased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 24.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 273,290 shares of the coffee company’s stock after selling 86,937 shares during the period. Starbucks makes up approximately 2.9% of Absher Wealth Management LLC’s holdings, making the stock its 23rd largest position. Absher Wealth Management LLC’s holdings in Starbucks were worth $24,484,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rachor Investment Advisory Services LLC purchased a new stake in Starbucks during the 4th quarter valued at approximately $25,000. Phillip James Consulting Co. purchased a new position in shares of Starbucks in the 4th quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Entrust Financial LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $26,000. Finally, Financial Freedom LLC raised its stake in shares of Starbucks by 296.2% during the first quarter. Financial Freedom LLC now owns 313 shares of the coffee company’s stock worth $28,000 after purchasing an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of Starbucks stock opened at $106.01 on Monday. The company has a 50-day moving average of $102.43 and a two-hundred day moving average of $97.15. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $108.88. The stock has a market cap of $120.82 billion, a PE ratio of 80.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98.

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

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks’s dividend payout ratio is 187.88%.

Insider Buying and Selling at Starbucks

In related news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the sale, the executive vice president directly owned 57,653 shares in the company, valued at $6,053,565. The trade was a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $104.00, for a total transaction of $231,816.00. Following the completion of the sale, the chief executive officer directly owned 77,364 shares in the company, valued at approximately $8,045,856. The trade was a 2.80% 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 sold 9,275 shares of company stock worth $947,833 in the last three months. 0.03% of the stock is owned by corporate insiders.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks’ AI-driven software overhaul could materially reduce operating expenses by replacing Microsoft and IBM systems, supporting future margin expansion. Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
• Positive Sentiment: The company’s recent earnings beat and revenue growth reinforce the view that its turnaround efforts are gaining traction.
• Neutral Sentiment: Starbucks added five new Orange Cream drinks for summer, which may help traffic and seasonal sales but is not a major fundamental catalyst on its own. Starbucks adds 5 new Orange Cream drinks for summer
• Neutral Sentiment: CEO Brady Brewer sold shares under a pre-arranged trading plan, which can prompt caution but does not necessarily signal a change in the business outlook. SEC Form 4 filing

Wall Street Analyst Weigh In

SBUX has been the subject of several recent research reports. Citizens Jmp assumed coverage on Starbucks in a report on Monday, March 30th. They set an “underperform” rating and a $84.00 price target for the company. Robert W. Baird upped their price objective on shares of Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Piper Sandler restated an “overweight” rating and issued a $110.00 target price on shares of Starbucks in a research note on Wednesday, April 29th. Jefferies Financial Group started coverage on shares of Starbucks in a report on Thursday, May 14th. They issued a “buy” rating on the stock. Finally, Dbs Bank upgraded shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a research note on Friday, March 20th. Nineteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and an average price target of $108.92.

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.