Centaurus Financial Inc. Acquires New Position in Starbucks Corporation $SBUX

Centaurus Financial Inc. bought a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,631 shares of the coffee company's stock, valued at approximately $1,904,000.

Several other large investors have also recently modified their holdings of the business. Coastal Bridge Advisors LLC bought a new stake in Starbucks during the 2nd quarter valued at $739,000. Jefferies Financial Group Inc. bought a new position in shares of Starbucks in the second quarter worth $51,044,000. Public Employees Retirement System of Ohio purchased a new position in shares of Starbucks in the second quarter valued at $44,332,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Starbucks in the second quarter valued at $2,671,000. Finally, Blue Edge Capital LLC bought a new stake in shares of Starbucks during the 2nd quarter valued at $484,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Price Performance

Shares of Starbucks stock opened at $107.26 on Friday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The firm has a market cap of $122.28 billion, a PE ratio of 61.64, a PEG ratio of 1.87 and a beta of 0.97. The company has a 50 day simple moving average of $104.95 and a two-hundred day simple moving average of $100.73.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, research analysts anticipate that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks's dividend payout ratio is currently 142.53%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Evercore reissued an "outperform" rating on shares of Starbucks in a report on Thursday, July 30th. Wedbush began coverage on Starbucks in a report on Thursday, May 14th. They set an "outperform" rating for the company. Sanford C. Bernstein cut Starbucks from an "outperform" rating to a "market perform" rating in a research report on Monday, August 3rd. Zacks Research downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Finally, TD Cowen restated a "buy" rating on shares of Starbucks in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $110.30.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Analyst upgrade: Robert W. Baird upgraded Starbucks to “strong buy,” signaling confidence in the company’s turnaround prospects and potentially supporting investor sentiment. Zacks report
• Positive Sentiment: Fall menu and marketing: Starbucks launched its seasonal menu, including the Pumpkin Spice Latte, supported by advertising featuring Martha Stewart. The promotion could drive customer traffic and strengthen seasonal sales. Starbucks launches fall menu Pumpkin Spice Latte advertising
• Positive Sentiment: Property transactions: A corporate Starbucks drive-thru in Jacksonville, Florida, was included in a $6.9 million pair of net-lease deals. While not a material financial event for Starbucks, the transaction highlights ongoing investor demand for Starbucks-occupied properties. Starbucks net-lease transaction
• Neutral Sentiment: Valuation and operating backdrop: Starbucks recently exceeded quarterly earnings and revenue expectations, but revenue declined year over year. With a relatively high earnings multiple, investors may require sustained improvement from the company’s turnaround plan.
• Negative Sentiment: Union-led boycott: Starbucks Workers United called for a boycott tied to stalled contract negotiations, seeking $17 hourly wages and a contract covering more than 12,000 baristas. The action presents near-term traffic, sales and reputational risks. Starbucks union boycott
• Negative Sentiment: Consumer caution: Reports questioning whether consumers are rethinking coffee purchases raise concerns about traffic and demand, particularly if customers trade down or reduce premium beverage spending. Consumer caution report
• Negative Sentiment: Turnaround costs: Additional job cuts as Starbucks expands its roughly $2 billion overhaul may pressure near-term morale and execution, even though management expects restructuring to improve efficiency over time. Starbucks job cuts and turnaround

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the sale, the chief executive officer owned 75,135 shares in the company, valued at $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,687 shares of company stock valued at $681,663 over the last quarter. 0.03% of the stock is owned by corporate insiders.

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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