Asset Management One Co. Ltd. raised its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 11.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 642,185 shares of the coffee company's stock after buying an additional 64,920 shares during the period. Asset Management One Co. Ltd. owned about 0.06% of Starbucks worth $65,625,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. Wealth Enhancement Trust Services Inc. purchased a new position in Starbucks in the fourth quarter valued at approximately $875,000. B. Metzler seel. Sohn & Co. AG increased its position in Starbucks by 36.4% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 88,374 shares of the coffee company's stock worth $7,442,000 after buying an additional 23,589 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in shares of Starbucks by 94.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company's stock valued at $7,938,000 after buying an additional 45,794 shares during the period. Swiss Life Asset Management Ltd raised its stake in shares of Starbucks by 20.4% in the fourth 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 during the period. Finally, Norges Bank purchased a new position in shares of Starbucks during the 4th quarter valued at $1,232,650,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.
Starbucks Trading Up 0.2%
Starbucks stock opened at $107.92 on Tuesday. The firm's 50 day simple moving average is $104.04 and its 200 day simple moving average is $100.08. The firm has a market capitalization of $123.03 billion, a PE ratio of 62.02, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51.
Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion for 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 revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Research analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current year.
Starbucks Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks's dividend payout ratio is 142.53%.
Wall Street Analysts Forecast Growth
SBUX has been the topic of a number of recent research reports. Jefferies Financial Group started coverage on shares of Starbucks in a research note on Thursday, May 14th. They set a "buy" rating on the stock. Stephens started coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued an "overweight" rating for the company. Robert W. Baird set a $124.00 target price on shares of Starbucks in a report on Thursday, July 30th. Weiss Ratings restated a "hold (c)" rating on shares of Starbucks in a research report on Monday, July 20th. Finally, Sanford C. Bernstein lowered Starbucks from an "outperform" rating to a "market perform" rating in a report on Monday, August 3rd. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Starbucks currently has an average rating of "Hold" and an average target price of $109.92.
Read Our Latest Research Report on Starbucks
Insiders Place Their Bets
In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the sale, the chief executive officer directly owned 75,135 shares in the company, valued at $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 is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock valued at $681,663 over the last quarter. Company insiders own 0.03% of the company's stock.
Starbucks Company Profile
(
Free Report)
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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