Starbucks Corporation $SBUX Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,767 shares of the coffee company’s stock after acquiring an additional 5,918 shares during the period. IFM Investors Pty Ltd’s holdings in Starbucks were worth $20,137,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Rachor Investment Advisory Services LLC purchased a new stake in shares of Starbucks in the fourth quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $25,000. Phillip James Consulting Co. purchased a new position in Starbucks during the fourth quarter worth approximately $25,000. Entrust Financial LLC purchased a new position in Starbucks during the fourth quarter worth approximately $26,000. Finally, Tucker Asset Management LLC acquired a new position in Starbucks during the fourth quarter worth $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Down 1.8%

Shares of Starbucks stock opened at $102.19 on Wednesday. The firm has a market cap of $116.47 billion, a PE ratio of 77.42, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $108.88. The business’s fifty day simple moving average is $101.65 and its 200-day simple moving average is $96.13.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the company earned $0.41 EPS. 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. As a group, equities analysts expect that Starbucks Corporation will post 2.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SBUX. Citigroup raised their target price on Starbucks from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada lowered shares of Starbucks from a “sector perform” rating to a “positive” rating in a report on Thursday, May 14th. Scotiabank cut shares of Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. Robert W. Baird lifted their target price on shares of Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Stephens began coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $108.92.

Insider Transactions at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the sale, the chief executive officer directly owned 79,593 shares of the company’s stock, valued at approximately $7,959,300. The trade was a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 directly owned 57,653 shares of the company’s stock, valued at $6,053,565. The trade was 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. Over the last quarter, insiders have sold 8,687 shares of company stock valued at $863,707. Company insiders own 0.03% of the company’s stock.

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.