Archvest Wealth Advisors Inc. Buys Shares of 35,094 Starbucks Corporation $SBUX

Archvest Wealth Advisors Inc. acquired a new position in Starbucks Corporation (NASDAQ:SBUX) in the 4th quarter, HoldingsChannel reports. The fund acquired 35,094 shares of the coffee company’s stock, valued at approximately $2,955,000. Starbucks comprises about 0.8% of Archvest Wealth Advisors Inc.’s investment portfolio, making the stock its 13th largest holding.

Other large investors have also recently made changes to their positions in the company. Sarver Vrooman Wealth Advisors purchased a new position in shares of Starbucks during the fourth quarter worth about $34,000. WCG Wealth Advisors LLC lifted its position in Starbucks by 104.1% during the fourth quarter. WCG Wealth Advisors LLC now owns 67,598 shares of the coffee company’s stock valued at $5,693,000 after purchasing an additional 34,476 shares during the last quarter. CIBC Asset Management Inc grew its stake in Starbucks by 31.9% in the 4th quarter. CIBC Asset Management Inc now owns 504,282 shares of the coffee company’s stock worth $42,466,000 after buying an additional 122,064 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Starbucks by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 8,138,132 shares of the coffee company’s stock worth $685,312,000 after buying an additional 263,903 shares in the last quarter. Finally, Rational Advisors Inc. bought a new position in shares of Starbucks in the 4th quarter worth $1,339,000. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

Shares of SBUX stock opened at $95.89 on Thursday. The company has a market cap of $109.29 billion, a price-to-earnings ratio of 72.64, a PEG ratio of 1.88 and a beta of 0.98. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88. The firm has a fifty day moving average price of $99.15 and a 200-day moving average price of $94.03.

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

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, May 15th. Starbucks’s payout ratio is currently 187.88%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BTIG Research downgraded shares of Starbucks from a “buy” rating to a “neutral” rating in a report on Thursday, May 14th. Citizens Jmp started coverage on shares of Starbucks in a research note on Monday, March 30th. They issued an “underperform” rating and a $84.00 price target for the company. Wolfe Research initiated coverage on Starbucks in a report on Monday, March 9th. They issued a “peer perform” rating for the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a research report on Wednesday, March 4th. Finally, Tigress Financial started coverage on shares of Starbucks in a report on Wednesday, April 15th. They set a “buy” rating and a $122.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $107.48.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks has fallen sharply in recent weeks, which has pushed the stock into oversold territory; that can sometimes set up a rebound if selling pressure fades. Wall Street analysts are also raising earnings estimates, adding to the case for a trend reversal. After Plunging 9.0% in 4 Weeks, Here’s Why the Trend Might Reverse for Starbucks (SBUX)
• Positive Sentiment: Analysts and market commentary remain generally constructive, citing strong institutional ownership, a consensus price target above the current trading level, and the idea that Starbucks’ turnaround has already produced an earnings beat. Starbucks Stock (NASDAQ:SBUX) Rises Along With Nostalgic Menu Concerns
• Positive Sentiment: Starbucks is leaning into nostalgia-driven menu changes, including the return of fan favorites, as part of its “Back to Starbucks” strategy to strengthen customer loyalty and traffic. How Starbucks plans to boost the afternoon business
• Neutral Sentiment: The company announced CEO Brian Niccol will speak at Evercore’s Consumer and Retail Conference on June 9, which is mainly an investor-relations update unless management offers new strategic details. Starbucks to Participate in the 6th Annual Evercore Consumer and Retail Conference
• Neutral Sentiment: Broader coverage comparing Starbucks with other consumer stocks suggests the shares have held up better than much of the industry over the past year, but this is more of a relative-performance note than a direct catalyst. How Is Starbucks’ Stock Performance Compared to Other Consumer Discretionary Stocks?
• Negative Sentiment: One consumer-retail article warns that over-expansion can hurt retailers, a theme that could matter for Starbucks if investors worry about store density or slowing returns from growth. Too Close for Comfort: How Over-Expansion Is Hurting Major Retailers

Insider Activity at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was 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 approximately $6,053,565. The trade was a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the transaction, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at approximately $8,548,198.79. This represents a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,046 shares of company stock worth $708,911 over the last ninety days. Insiders own 0.03% of the company’s stock.

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.