Ashton Thomas Private Wealth LLC Grows Stock Position in Starbucks Corporation $SBUX

Ashton Thomas Private Wealth LLC grew its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 58.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,215 shares of the coffee company’s stock after buying an additional 39,395 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Starbucks were worth $9,070,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SBUX. Vanguard Group Inc. increased its stake in shares of Starbucks by 0.7% in the second quarter. Vanguard Group Inc. now owns 112,861,623 shares of the coffee company’s stock worth $10,341,511,000 after purchasing an additional 802,053 shares in the last quarter. State Street Corp boosted its holdings in Starbucks by 1.2% in the 2nd quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock worth $4,353,647,000 after buying an additional 544,534 shares during the period. Geode Capital Management LLC boosted its holdings in Starbucks by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 25,846,634 shares of the coffee company’s stock worth $2,357,815,000 after buying an additional 99,983 shares during the period. Norges Bank purchased a new position in Starbucks in the 2nd quarter valued at approximately $1,246,316,000. Finally, Invesco Ltd. raised its holdings in Starbucks by 11.2% during the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock valued at $1,169,011,000 after acquiring an additional 1,286,451 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 1.5%

Shares of SBUX opened at $93.04 on Wednesday. The company has a market cap of $106.00 billion, a PE ratio of 76.89, a price-to-earnings-growth ratio of 2.08 and a beta of 0.96. The stock has a 50-day moving average price of $88.40 and a 200-day moving average price of $87.07. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The company had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter last year, the company posted $0.69 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, analysts predict that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, February 13th. This represents a $2.48 annualized dividend and a dividend yield of 2.7%. Starbucks’s dividend payout ratio (DPR) is 204.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 22nd. BTIG Research restated a “buy” rating and issued a $105.00 target price on shares of Starbucks in a research note on Thursday, January 29th. TD Cowen reaffirmed a “hold” rating and set a $89.00 target price (up previously from $84.00) on shares of Starbucks in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Starbucks in a report on Monday, December 29th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $120.00 price objective on shares of Starbucks in a research report on Friday. Eighteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.67.

Insider Activity

In related news, Director Jorgen Vig Knudstorp bought 11,700 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $994,500.00. Following the completion of the transaction, the director owned 53,096 shares of the company’s stock, valued at approximately $4,513,160. The trade was a 28.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.