Narwhal Capital Management Cuts Holdings in Starbucks Corporation $SBUX

Narwhal Capital Management decreased its stake in Starbucks Corporation (NASDAQ:SBUX) by 27.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,274 shares of the coffee company’s stock after selling 24,454 shares during the period. Narwhal Capital Management’s holdings in Starbucks were worth $6,466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Rachor Investment Advisory Services LLC purchased a new position in Starbucks in the fourth quarter worth $25,000. Cornerstone Financial Management LLC bought a new position in Starbucks in the fourth quarter valued at $25,000. Phillip James Consulting Co. purchased a new stake in Starbucks during the fourth quarter valued at about $25,000. Entrust Financial LLC bought a new stake in Starbucks during the fourth quarter worth about $26,000. Finally, Tucker Asset Management LLC bought a new stake in Starbucks during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

NASDAQ SBUX opened at $107.69 on Monday. The company has a 50-day simple moving average of $103.78 and a two-hundred day simple moving average of $99.99. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51. The firm has a market cap of $122.77 billion, a price-to-earnings ratio of 61.89, a PEG ratio of 1.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $9.17 billion. During the same quarter in the previous year, the business earned $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. Equities analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

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

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 75,135 shares in the company, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on SBUX shares. Melius Research set a $110.00 price objective on Starbucks in a research report on Monday, August 3rd. Evercore restated an “outperform” rating on shares of Starbucks in a research report on Thursday, July 30th. Guggenheim started coverage on Starbucks in a research note on Monday, August 3rd. They issued a “buy” rating for the company. Scotiabank cut shares of Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a research note on Monday, July 20th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Starbucks currently has a consensus rating of “Hold” and an average price target of $109.92.

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.