Starbucks Corporation $SBUX Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its stake in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 962,445 shares of the coffee company’s stock after selling 29,916 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.08% of Starbucks worth $81,047,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SBUX. Kathmere Capital Management LLC lifted its position in Starbucks by 26.7% during the 4th quarter. Kathmere Capital Management LLC now owns 3,519 shares of the coffee company’s stock worth $296,000 after acquiring an additional 742 shares during the period. CPA Asset Management Group LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $228,000. Wynn Capital LLC raised its stake in shares of Starbucks by 1.0% during the fourth quarter. Wynn Capital LLC now owns 11,895 shares of the coffee company’s stock worth $1,002,000 after purchasing an additional 122 shares during the last quarter. Harrington Investments INC raised its stake in shares of Starbucks by 1.8% during the fourth quarter. Harrington Investments INC now owns 36,745 shares of the coffee company’s stock worth $3,094,000 after purchasing an additional 662 shares during the last quarter. Finally, Olistico Wealth LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $46,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Activity

In other Starbucks news, CEO Brady Brewer sold 588 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the transaction, the chief executive officer directly owned 86,017 shares in the company, valued at approximately $8,601,700. This represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Sara Kelly sold 2,500 shares of Starbucks stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $242,800.00. Following the sale, the executive vice president owned 59,609 shares of the company’s stock, valued at approximately $5,789,226.08. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,729 shares of company stock valued at $460,974 in the last quarter. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Zacks Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Wolfe Research assumed coverage on shares of Starbucks in a research note on Monday, March 9th. They issued a “peer perform” rating for the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. William Blair upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Finally, Citigroup cut their price target on shares of Starbucks from $94.00 to $92.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Fifteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.81.

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Starbucks Price Performance

Shares of SBUX stock opened at $91.22 on Friday. The business’s fifty day moving average price is $96.10 and its 200 day moving average price is $88.71. The firm has a market capitalization of $103.93 billion, a PE ratio of 75.39, a P/E/G ratio of 2.07 and a beta of 0.93. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $104.82.

Starbucks (NASDAQ:SBUXGet Free Report) last released its earnings results on Wednesday, January 28th. The coffee company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The business had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. Starbucks’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Equities research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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