27,354 Shares in Starbucks Corporation $SBUX Purchased by Platform Wealth Management LLC

Platform Wealth Management LLC bought a new position in Starbucks Corporation (NASDAQ:SBUX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,354 shares of the coffee company’s stock, valued at approximately $2,303,000.

Other hedge funds also recently made changes to their positions in the company. Collier Financial purchased a new stake in shares of Starbucks in the third quarter worth about $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Starbucks in the fourth quarter worth about $25,000. Y.D. More Investments Ltd purchased a new stake in shares of Starbucks in the third quarter worth about $26,000. Entrust Financial LLC purchased a new stake in shares of Starbucks in the fourth quarter worth about $26,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Starbucks in the third quarter worth about $27,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Price Performance

Shares of SBUX stock opened at $95.89 on Thursday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88. The stock’s 50 day simple moving average is $99.15 and its two-hundred day simple moving average is $94.03. The company has a market cap of $109.29 billion, a PE ratio of 72.64, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating 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 firm 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 earnings per share. The company’s quarterly revenue 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, May 15th. Starbucks’s dividend payout ratio is presently 187.88%.

Trending Headlines about 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, CEO Brady Brewer sold 2,229 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total value of $233,621.49. Following the sale, the chief executive officer directly owned 81,559 shares in the company, valued at approximately $8,548,198.79. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing 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, EVP Sara Kelly sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was 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 approximately $6,053,565. The trade was a 3.35% 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. Over the last quarter, insiders sold 7,046 shares of company stock worth $708,911. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Starbucks in a research report on Wednesday, April 29th. TD Cowen upgraded Starbucks from a “hold” rating to a “buy” rating and upped their price objective for the company from $106.00 to $120.00 in a research report on Thursday, May 14th. Stifel Nicolaus set a $117.00 price objective on Starbucks and gave the company a “buy” rating in a research report on Wednesday, May 6th. Morgan Stanley upgraded Starbucks from an “overweight” rating to an “overweight” rating in a research report on Thursday, May 14th. Finally, DA Davidson upped their price objective on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $107.48.

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.