California State Teachers Retirement System Has $18.31 Billion Stock Position in Starbucks Corporation $SBUX

Key Points

• California State Teachers Retirement System dramatically increased its Starbucks stake by 10,101.1% in the second quarter, owning 179.14 million shares worth approximately $18.31 billion, or 15.71% of the company.
• Starbucks reported quarterly earnings of $0.85 per share, beating estimates of $0.66, while revenue reached $9.32 billion. However, revenue declined 1.4% year over year, and analysts maintain a consensus “Hold” rating with a $110.30 target price.
• Starbucks paid a quarterly dividend of $0.62 per share, representing a 2.4% yield, though its dividend payout ratio remains elevated at 142.53%.

California State Teachers Retirement System increased its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 10,101.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 179,138,252 shares of the coffee company's stock after purchasing an additional 177,382,188 shares during the period. California State Teachers Retirement System owned approximately 15.71% of Starbucks worth $18,306,138,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SBUX. Meeder Asset Management Inc. bought a new position in Starbucks in the 2nd quarter valued at about $25,000. Black Cypress Capital Management LLC bought a new stake in shares of Starbucks during the 2nd quarter worth approximately $27,000. Phillip James Consulting Co. acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new position in Starbucks in the fourth quarter valued at approximately $25,000. Finally, Entrust Financial LLC bought a new position in Starbucks in the fourth quarter valued at approximately $26,000. Institutional investors own 72.29% of the company's stock.

Starbucks Price Performance

NASDAQ SBUX opened at $104.47 on Tuesday. The company has a market cap of $119.10 billion, a price-to-earnings ratio of 60.04, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $110.51. The business's fifty day moving average is $105.44 and its 200 day moving average is $101.20.

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

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given 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 was Friday, August 14th. Starbucks's dividend payout ratio (DPR) is currently 142.53%.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the company's stock in a transaction that occurred on 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 directly owned 75,135 shares in the company, valued at $7,963,558.65. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,046 shares of company stock worth $526,868 in the last ninety days. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on SBUX. Melius Research set a $110.00 target price on Starbucks in a research note on Monday, August 3rd. Zacks Research cut Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $126.00 price objective on shares of Starbucks in a research note on Thursday, July 30th. Robert W. Baird upgraded Starbucks to a "strong-buy" rating in a research report on Monday, August 24th. Finally, Sanford C. Bernstein downgraded Starbucks from an "outperform" rating to a "market perform" rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Starbucks has a consensus rating of "Hold" and a consensus target price of $110.30.

About Starbucks

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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