First Horizon Corp Reduces Position in Starbucks Corporation $SBUX

First Horizon Corp decreased its holdings in Starbucks Corporation (NASDAQ:SBUX) by 47.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 17,809 shares of the coffee company’s stock after selling 16,101 shares during the period. First Horizon Corp’s holdings in Starbucks were worth $1,596,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oak Thistle LLC purchased a new position in shares of Starbucks during the 4th quarter valued at about $1,149,000. Czech National Bank grew its stake in shares of Starbucks by 3.9% during the 4th quarter. Czech National Bank now owns 299,833 shares of the coffee company’s stock valued at $25,249,000 after acquiring an additional 11,135 shares during the period. Goodman Financial Corp purchased a new stake in Starbucks in the 4th quarter worth approximately $8,811,000. Wealth Enhancement Trust Services Inc. bought a new stake in Starbucks during the 4th quarter worth approximately $875,000. Finally, Third View Private Wealth LLC bought a new stake in Starbucks during the 4th quarter worth approximately $3,135,000. Institutional investors own 72.29% of the company’s stock.

Key Starbucks News

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

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 stock was 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 approximately $6,053,565. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 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 transaction, the chief executive officer directly owned 77,364 shares of the company’s stock, valued at approximately $8,045,856. The trade was a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,275 shares of company stock valued at $947,833 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Starbucks Trading Down 0.4%

NASDAQ SBUX opened at $106.01 on Friday. 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 P/E/G ratio of 2.12 and a beta of 0.98. The stock’s 50 day moving average is $102.43 and its 200 day moving average is $97.07.

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

Starbucks Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SBUX. Robert W. Baird upped their price target 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. UBS Group downgraded shares of Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Dbs Bank upgraded shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a research report on Friday, March 20th. Citizens Jmp assumed coverage on shares of Starbucks in a research note on Monday, March 30th. They set an “underperform” rating and a $84.00 target price on the stock. Finally, Wedbush began coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “outperform” rating for the company. Nineteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $108.92.

Starbucks Profile

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.