ASR Vermogensbeheer N.V. Boosts Stake in Starbucks Corporation $SBUX

Key Points

• ASR Vermogensbeheer N.V. increased its Starbucks stake by 9.6% in the fourth quarter, buying 9,576 shares and bringing its total holdings to 109,286 shares worth about $9.2 million.
• Starbucks reported better-than-expected quarterly results, posting EPS of $0.50 versus $0.44 expected and revenue of $9.53 billion versus $9.17 billion expected, with revenue up 8.8% year over year.
• The company also announced a quarterly dividend of $0.62 per share, and analysts currently have a consensus rating of Moderate Buy with an average price target of $107.

ASR Vermogensbeheer N.V. raised its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,286 shares of the coffee company's stock after buying an additional 9,576 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Starbucks were worth $9,203,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Collier Financial purchased a new stake in Starbucks in the third quarter worth about $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at about $25,000. Y.D. More Investments Ltd purchased a new stake in shares of Starbucks during the third quarter valued at about $26,000. JPL Wealth Management LLC bought a new stake in shares of Starbucks in the 3rd quarter valued at about $27,000. Finally, Kelleher Financial Advisors purchased a new position in shares of Starbucks in the 3rd quarter worth approximately $27,000. Institutional investors own 72.29% of the company's stock.

Starbucks Trading Up 0.6%

SBUX stock opened at $104.93 on Friday. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $107.55. The business's 50-day moving average is $97.07 and its 200 day moving average is $91.54. The stock has a market cap of $119.55 billion, a price-to-earnings ratio of 79.49, a PEG ratio of 2.11 and a beta of 1.01.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities analysts forecast that Starbucks Corporation will post 2.41 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 15th. Starbucks's payout ratio is 187.88%.

Analyst Ratings Changes

Several brokerages have weighed in on SBUX. Stifel Nicolaus set a $117.00 price target on Starbucks and gave the stock a "buy" rating in a report on Wednesday. BNP Paribas Exane lifted their target price on shares of Starbucks from $84.00 to $87.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 29th. TD Cowen reissued a "hold" rating and set a $106.00 target price (up from $96.00) on shares of Starbucks in a research report on Wednesday, April 29th. Citigroup raised their price target on shares of Starbucks from $99.00 to $101.00 and gave the stock a "neutral" rating in a report on Wednesday, April 29th. Finally, Citizens Jmp started coverage on Starbucks in a research note on Monday, March 30th. They issued an "underperform" rating and a $84.00 target price for the company. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Starbucks has an average rating of "Moderate Buy" and an average target price of $107.00.

Insiders Place Their Bets

In other news, CEO Brady Brewer sold 2,229 shares of the firm's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the transaction, the chief executive officer directly owned 81,559 shares of the company's stock, valued at approximately $8,548,198.79. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the executive vice president owned 57,653 shares of the company's stock, valued at approximately $6,053,565. The trade was a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,187 shares of company stock valued at $1,111,085 in the last ninety days. 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.

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