Campbell Newman Asset Management Inc. raised its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 52.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 348,527 shares of the coffee company's stock after acquiring an additional 119,177 shares during the period. Starbucks makes up 2.6% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 16th largest position. Campbell Newman Asset Management Inc.'s holdings in Starbucks were worth $35,616,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Starbucks by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company's stock worth $9,634,523,000 after purchasing an additional 971,773 shares during the last quarter. Capital World Investors lifted its position in Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company's stock valued at $7,135,228,000 after purchasing an additional 7,007,268 shares during the last quarter. State Street Corp lifted its position in Starbucks by 0.7% during the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company's stock valued at $4,031,053,000 after purchasing an additional 327,161 shares during the last quarter. Geode Capital Management LLC grew its stake in Starbucks by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company's stock worth $2,212,153,000 after buying an additional 225,168 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Starbucks by 65.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company's stock worth $1,637,704,000 after buying an additional 7,725,547 shares during the last quarter. Institutional investors own 72.29% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Evercore reaffirmed an "outperform" rating on shares of Starbucks in a report on Thursday, July 30th. Morgan Stanley cut Starbucks from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Robert W. Baird set a $124.00 price target on Starbucks in a research note on Thursday, July 30th. Scotiabank cut Starbucks from a "market perform" rating to an "underperform" rating in a report on Thursday, May 14th. Finally, UBS Group increased their price objective on Starbucks from $105.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $109.92.
Get Our Latest Analysis on SBUX
Key Headlines Impacting Starbucks
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Strong U.S. performance supports the rally. Starbucks reportedly delivered 8% U.S. comparable-store sales growth, while quarterly earnings and revenue exceeded analyst expectations. Analysts subsequently raised price targets as high as $130, reinforcing expectations that the company’s turnaround and operating initiatives are gaining traction. Starbucks (SBUX) Stock Reaches 52-Week Peak Following Strong Q3 Performance
- Positive Sentiment: Options activity signals bullish positioning. Investors purchased 40,915 SBUX call options, 59% above the average daily call volume of 25,712. Although options activity can include hedging, the elevated call buying suggests increased speculative interest in further gains.
- Positive Sentiment: Technical momentum remains favorable. Starbucks reached fresh 52-week highs, and chart analysts say the stock is approaching the upper end of a multiyear trading range, potentially creating room for a breakout if momentum continues. Starbucks is close to the top of its multiyear range
- Neutral Sentiment: Energy drinks offer a potential growth avenue. Starbucks is among restaurant chains expanding into energy drinks, which could broaden its beverage lineup and attract new occasions, but the financial impact is not yet clear. Why fast food chains are going all in on energy drinks
- Negative Sentiment: Starbucks Korea reported its first quarterly loss in 27 years. A marketing controversy led to a boycott, political criticism and a police raid, highlighting reputational and execution risks in an important international market. Starbucks Korea Suffers First Loss in 27 Years on PR Debacle
Starbucks Trading Up 0.1%
SBUX opened at $108.55 on Friday. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51. The business's 50-day moving average price is $103.53 and its 200-day moving average price is $99.91. The company has a market cap of $123.75 billion, a P/E ratio of 62.39, a P/E/G ratio of 1.87 and a beta of 0.97.
Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share 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 company had revenue of $9.32 billion during the quarter, compared to analysts' expectations of $9.17 billion. During the same period in the prior year, the business posted $0.50 EPS. Starbucks's quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities research analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.
Starbucks Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. Starbucks's dividend payout ratio (DPR) is currently 142.53%.
Insider Activity at Starbucks
In related news, CEO Brady Brewer sold 2,229 shares of the company's stock in a transaction 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. This represents a 2.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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. 0.03% of the stock is owned by insiders.
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.
Further Reading
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