Starbucks Corporation $SBUX Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC lessened its holdings in Starbucks Corporation (NASDAQ:SBUX) by 71.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,706 shares of the coffee company’s stock after selling 21,906 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Starbucks were worth $890,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Rachor Investment Advisory Services LLC purchased a new position in shares of Starbucks in the 4th quarter valued at about $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks during the 4th quarter worth about $25,000. Phillip James Consulting Co. purchased a new stake in Starbucks during the fourth quarter worth approximately $25,000. Entrust Financial LLC acquired a new position in Starbucks in the fourth quarter valued at approximately $26,000. Finally, Tucker Asset Management LLC acquired a new position in Starbucks in the fourth quarter valued at approximately $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total transaction of $236,251.71. Following the transaction, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on SBUX. JPMorgan Chase & Co. raised their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Compass Point began coverage on shares of Starbucks in a report on Monday, August 3rd. They issued a “buy” rating for the company. TD Cowen assumed coverage on shares of Starbucks in a research report on Thursday, July 30th. They issued a “buy” rating and a $120.00 target price on the stock. Sanford C. Bernstein lowered shares of Starbucks from an “outperform” rating to a “market perform” rating in a research note on Monday, August 3rd. Finally, Guggenheim started coverage on shares of Starbucks in a research note on Monday, August 3rd. They set a “buy” rating on the stock. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.92.

Starbucks Stock Up 1.9%

SBUX opened at $106.66 on Wednesday. The firm has a market cap of $121.59 billion, a price-to-earnings ratio of 61.30, a price-to-earnings-growth ratio of 1.81 and a beta of 0.97. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $109.23. The business’s 50 day moving average is $102.99 and its two-hundred day moving average is $99.75.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks’s dividend payout ratio is 142.53%.

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.