SVB Wealth LLC Cuts Holdings in Starbucks Corporation $SBUX

SVB Wealth LLC lessened its holdings in Starbucks Corporation (NASDAQ:SBUX) by 27.2% during the 1st quarter, HoldingsChannel reports. The firm owned 13,936 shares of the coffee company’s stock after selling 5,201 shares during the period. SVB Wealth LLC’s holdings in Starbucks were worth $1,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. NWF Advisory Services Inc. raised its position in Starbucks by 2.6% in the 4th quarter. NWF Advisory Services Inc. now owns 4,349 shares of the coffee company’s stock worth $366,000 after purchasing an additional 109 shares during the period. Aerodigm Wealth LLC grew its stake in shares of Starbucks by 2.7% during the fourth quarter. Aerodigm Wealth LLC now owns 4,245 shares of the coffee company’s stock valued at $357,000 after buying an additional 112 shares during the last quarter. River Street Advisors LLC grew its stake in shares of Starbucks by 0.8% during the fourth quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company’s stock valued at $1,138,000 after buying an additional 113 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Starbucks by 38.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 409 shares of the coffee company’s stock worth $34,000 after buying an additional 113 shares during the period. Finally, Integrity Alliance LLC. raised its holdings in shares of Starbucks by 3.0% in the fourth quarter. Integrity Alliance LLC. now owns 3,907 shares of the coffee company’s stock worth $329,000 after buying an additional 114 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SBUX. The Goldman Sachs Group cut Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. Robert W. Baird lifted their target price on Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. BNP Paribas Exane started coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an “underperform” rating for the company. Tigress Financial started coverage on shares of Starbucks in a report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target on the stock. Finally, Citizens Jmp began coverage on shares of Starbucks in a research note on Monday, March 30th. They issued an “underperform” rating and a $84.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and a consensus target price of $108.59.

Starbucks Stock Up 0.9%

SBUX opened at $101.05 on Wednesday. The stock’s fifty day moving average is $101.15 and its two-hundred day moving average is $95.44. The company has a market capitalization of $115.17 billion, a P/E ratio of 76.55, a PEG ratio of 1.99 and a beta of 0.98. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $108.88.

Starbucks (NASDAQ:SBUX) last issued 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 negative return on equity of 29.24% and a net margin of 3.89%.The business had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the company posted $0.41 EPS. Starbucks’s 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 analysts anticipate that Starbucks Corporation will post 2.4 earnings per share for the current year.

Insider Activity

In other Starbucks news, CEO Brady Brewer sold 588 shares of the firm’s stock in a transaction dated Thursday, June 11th. 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 owned 79,593 shares of the company’s stock, valued at approximately $7,959,300. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the executive vice president owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This represents a 3.35% decrease in their position. 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 sold 8,687 shares of company stock valued at $863,707 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Starbucks Company 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.