Wealth Science Advisors LLC Purchases 9,207 Shares of Starbucks Corporation $SBUX

Wealth Science Advisors LLC lifted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 317.8% in the second quarter, HoldingsChannel reports. The firm owned 12,104 shares of the coffee company’s stock after purchasing an additional 9,207 shares during the quarter. Starbucks accounts for 0.5% of Wealth Science Advisors LLC’s portfolio, making the stock its 29th largest position. Wealth Science Advisors LLC’s holdings in Starbucks were worth $1,237,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SBUX. Rachor Investment Advisory Services LLC purchased a new stake in Starbucks during the fourth quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Starbucks in the 4th quarter worth $25,000. Phillip James Consulting Co. purchased a new position in shares of Starbucks in the 4th quarter worth $25,000. Entrust Financial LLC bought a new stake in shares of Starbucks in the 4th quarter worth about $26,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of Starbucks during the 4th quarter valued at about $27,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SBUX. Stephens initiated coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating for the company. BTIG Research restated a “buy” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Starbucks in a research note on Thursday, July 30th. Compass Point assumed coverage on Starbucks in a research report on Monday, August 3rd. They set a “buy” rating on the stock. Finally, Melius Research set a $110.00 price target on Starbucks in a research report on Monday, August 3rd. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $111.96.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the transaction, the chief executive officer owned 75,135 shares of the company’s stock, valued at $7,963,558.65. This represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,687 shares of company stock valued at $681,663. Corporate insiders own 0.03% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $105.58 on Friday. The company has a market cap of $120.36 billion, a P/E ratio of 60.68, a PEG ratio of 1.82 and a beta of 0.97. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $109.23. The firm has a 50-day simple moving average of $102.60 and a two-hundred day simple moving average of $99.55.

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

Starbucks Dividend Announcement

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

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.