Florida Trust Wealth Management Co Sells 35,438 Shares of Starbucks Corporation $SBUX

Florida Trust Wealth Management Co lowered its stake in Starbucks Corporation (NASDAQ:SBUX) by 14.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 202,535 shares of the coffee company’s stock after selling 35,438 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Starbucks were worth $17,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SBUX. Brighton Jones LLC boosted its holdings in Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after buying an additional 81,952 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Starbucks by 47.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock valued at $334,000 after acquiring an additional 1,164 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Starbucks in the 2nd quarter valued at approximately $223,000. Quantbot Technologies LP bought a new position in Starbucks during the 2nd quarter worth approximately $1,434,000. Finally, Amundi grew its holdings in Starbucks by 12.0% during the second quarter. Amundi now owns 4,052,831 shares of the coffee company’s stock valued at $381,696,000 after purchasing an additional 433,786 shares during the period. 72.29% of the stock is currently owned by institutional investors.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: China JV closed with Boyu Capital — Starbucks finalized the joint venture intended to speed disciplined expansion in China and bring in a local partner to help scale stores and operations, which should support long‑term growth in a key market. Article Title
• Neutral Sentiment: New U.S. partner incentives announced — Starbucks outlined a package including weekly pay, broader tipping on mobile/card orders, and a performance-based bonus program (up to $1,200/year) aimed at improving service, retention and sales; benefits to revenue are possible but outcome is uncertain. Article Title
• Neutral Sentiment: Operational intent vs. cost — Management frames the moves as part of its “Back to Starbucks” turnaround to fix service and sales trends; investors must balance potential revenue upside from better in-store execution against the program’s roughly $500M scale and execution risk. Article Title
• Negative Sentiment: Near-term stock reaction muted or negative — Despite the announcements, the shares showed little upside and in some reports slipped, suggesting the market is focused on near-term margin pressure, recent EPS misses, and the need for proof the programs lift sales. Article Title
• Negative Sentiment: Execution and margin concerns — Analysts/commentary warn expanded tipping and bonus schemes could backfire or compress margins if service improvements don’t translate to sustained higher sales per store; ongoing union activity adds another execution variable. Article Title

Starbucks Stock Performance

NASDAQ:SBUX opened at $90.37 on Friday. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $104.82. The company has a market cap of $102.96 billion, a P/E ratio of 74.69, a P/E/G ratio of 2.01 and a beta of 0.95. The stock’s 50-day simple moving average is $95.40 and its 200 day simple moving average is $88.99.

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

Insider Transactions at Starbucks

In related news, CEO Brady Brewer sold 1,641 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $159,373.92. Following the transaction, the chief executive officer directly owned 86,605 shares of the company’s stock, valued at approximately $8,411,077.60. This trade represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total transaction of $242,800.00. Following the transaction, the executive vice president directly owned 59,609 shares in the company, valued at $5,789,226.08. This represents a 4.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,729 shares of company stock worth $460,974. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wolfe Research initiated coverage on Starbucks in a research note on Monday, March 9th. They issued a “peer perform” rating for the company. Bank of America set a $114.00 price objective on Starbucks in a report on Wednesday, January 21st. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of Starbucks in a research report on Friday, January 30th. Zacks Research raised Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, UBS Group restated a “neutral” rating on shares of Starbucks in a report on Friday, January 30th. Fifteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Starbucks presently has an average rating of “Hold” and a consensus price target of $103.07.

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.