Starbucks Corporation $SBUX Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC cut its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 427,880 shares of the coffee company’s stock after selling 23,597 shares during the quarter. Riverbridge Partners LLC’s holdings in Starbucks were worth $38,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $25,000. Phillip James Consulting Co. acquired a new stake in Starbucks during the 4th quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new stake in Starbucks during the 4th quarter worth about $25,000. Entrust Financial LLC purchased a new stake in Starbucks during the fourth quarter valued at about $26,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Starbucks in the third quarter worth about $27,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

Shares of SBUX opened at $101.05 on Wednesday. The business’s 50-day moving average is $101.15 and its 200-day moving average is $95.44. The company has a market capitalization of $115.17 billion, a price-to-earnings ratio of 76.55, a P/E/G ratio of 1.99 and a beta of 0.98. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88.

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

Insider Buying and Selling

In other news, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the transaction, the executive vice president directly owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 588 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $100.00, for a total value of $58,800.00. Following the sale, the chief executive officer owned 79,593 shares of the company’s stock, valued at approximately $7,959,300. This represents a 0.73% 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. In the last quarter, insiders sold 8,687 shares of company stock valued at $863,707. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

SBUX has been the topic of several analyst reports. Jefferies Financial Group began coverage on shares of Starbucks in a research report on Thursday, May 14th. They issued a “buy” rating on the stock. BNP Paribas Exane started coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Starbucks in a research report on Wednesday, April 29th. Evercore boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Guggenheim restated a “neutral” rating and issued a $97.00 target price (up from $95.00) on shares of Starbucks in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.59.

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.