Axxcess Wealth Management LLC Cuts Stake in Starbucks Corporation $SBUX

Axxcess Wealth Management LLC lowered its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 33.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,412 shares of the coffee company’s stock after selling 5,721 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Starbucks were worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SBUX. Brighton Jones LLC boosted its position in shares of Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after acquiring an additional 81,952 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Starbucks by 47.0% during the second quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after purchasing an additional 1,164 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Starbucks during the second quarter worth approximately $288,000. Gamco Investors INC. ET AL boosted its holdings in Starbucks by 92.8% in the second quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock valued at $479,000 after purchasing an additional 2,515 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Starbucks by 7.6% in the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock valued at $10,328,000 after purchasing an additional 7,978 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks is reportedly developing in-house AI tools that could replace third-party software, potentially lowering its software and operating expenses and improving margins. Starbucks Stock Rises Amid In-House Software Push
• Positive Sentiment: Investors are also encouraged by the idea that Starbucks can use AI to reduce reliance on outside vendors, supporting a broader cost-reduction initiative and possible earnings leverage over time. Starbucks Targets $400 Million Software Spend With AI Shift
• Positive Sentiment: Recent commentary has also kept focus on Starbucks’ improving traffic, loyalty growth, and turnaround efforts, which has helped sustain bullish sentiment near the stock’s recent highs. Starbucks Near Its 52-Week High: Can the Stock Sustain the Rally?
• Neutral Sentiment: CEO Brady Brewer sold shares under a pre-arranged 10b5-1 plan. The sale is not necessarily a negative signal, but investors may still note the insider transaction. SEC Form 4 filing
• Neutral Sentiment: Starbucks remains near its 52-week high after a strong run, which can attract momentum buyers but also raises valuation concerns for some investors. Starbucks Near Its 52-Week High: Can the Stock Sustain the Rally?

Starbucks Trading Up 2.4%

Shares of SBUX opened at $106.41 on Friday. The company’s 50 day simple moving average is $102.42 and its 200-day simple moving average is $97.01. The firm has a market cap of $121.28 billion, a PE ratio of 80.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.98. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $108.88.

Starbucks (NASDAQ:SBUX) last issued 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. 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%. Starbucks’s quarterly revenue 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. As a group, equities research analysts forecast that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is currently 187.88%.

Analyst Ratings Changes

A number of analysts have weighed in on SBUX shares. DA Davidson raised their price objective on shares of Starbucks from $97.00 to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Zacks Research downgraded shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Tigress Financial initiated coverage on shares of Starbucks in a research note on Wednesday, April 15th. They set a “buy” rating and a $122.00 price target on the stock. Scotiabank cut shares of Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. Finally, BTIG Research downgraded shares of Starbucks from a “buy” rating to a “neutral” rating in a research note on Thursday, May 14th. Nineteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $108.92.

Insider Activity at Starbucks

In related news, 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 value of $210,000.00. Following the completion of the sale, the executive vice president owned 57,653 shares in the company, valued at $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $104.00, for a total value of $231,816.00. Following the completion of the sale, the chief executive officer directly owned 77,364 shares of the company’s stock, valued at $8,045,856. This represents 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 a total of 9,275 shares of company stock worth $947,833 over the last quarter. Company 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.