Amundi Has $465.16 Million Position in Starbucks Corporation $SBUX

Amundi raised its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 6.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,551,944 shares of the coffee company's stock after buying an additional 262,791 shares during the period. Amundi owned about 0.40% of Starbucks worth $465,163,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBUX. Jefferies Financial Group Inc. boosted its position in shares of Starbucks by 94.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company's stock worth $7,938,000 after purchasing an additional 45,794 shares in the last quarter. Swiss Life Asset Management Ltd increased its position in shares of Starbucks by 20.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company's stock valued at $43,655,000 after buying an additional 87,926 shares in the last quarter. Norges Bank acquired a new stake in Starbucks during the 4th quarter worth $1,232,650,000. The Manufacturers Life Insurance Company bought a new position in Starbucks during the second quarter worth about $61,404,000. Finally, Brighton Jones LLC grew its stake in Starbucks by 86.5% in the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock valued at $16,126,000 after acquiring an additional 81,952 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Performance

NASDAQ SBUX opened at $104.47 on Tuesday. The stock has a market capitalization of $119.10 billion, a price-to-earnings ratio of 60.04, a PEG ratio of 1.80 and a beta of 0.97. The stock's 50 day moving average price is $105.44 and its two-hundred day moving average price is $101.20. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analysts' expectations of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, equities research analysts forecast that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, August 14th. Starbucks's dividend payout ratio is currently 142.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Jefferies Financial Group began coverage on Starbucks in a research report on Thursday, May 14th. They set a "buy" rating on the stock. Melius Research set a $110.00 target price on shares of Starbucks in a report on Monday, August 3rd. Wells Fargo & Company lowered shares of Starbucks from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. The Goldman Sachs Group cut shares of Starbucks from a "neutral" rating to a "neutral" rating in a report on Thursday, May 14th. Finally, BNP Paribas Exane raised their price objective on shares of Starbucks from $87.00 to $92.00 and gave the stock an "underperform" rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Starbucks presently has a consensus rating of "Hold" and a consensus target price of $110.30.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the sale, the chief executive officer owned 75,135 shares of the company's stock, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 5,046 shares of company stock valued at $526,868. 0.03% of the stock is owned by company insiders.

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.

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