Mirae Asset Global Investments Co. Ltd. Makes New $82.88 Million Investment in Starbucks Corporation $SBUX

Key Points

• Mirae Asset Global Investments initiated an $82.88 million Starbucks position by purchasing 882,050 shares, while institutional investors collectively own 72.29% of the company.
• Starbucks reported quarterly EPS of $0.80, beating estimates of $0.72, but revenue fell 4.5% year over year to $9.14 billion and missed expectations. Shares recently traded at $103.67, with analysts holding a consensus “Hold” rating and an average price target of $110.53.
• The company raised its quarterly dividend to $0.63 per share, or $2.52 annually, representing a 2.4% yield; however, its payout ratio stands above 112%.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 882,050 shares of the coffee company's stock, valued at approximately $82,877,000. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Starbucks as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Northern Financial Advisors Inc grew its position in Starbucks by 81.3% during the third quarter. Northern Financial Advisors Inc now owns 8,873 shares of the coffee company's stock worth $834,000 after buying an additional 3,979 shares during the period. Stevens Capital Partners increased its holdings in Starbucks by 12.2% in the third quarter. Stevens Capital Partners now owns 3,508 shares of the coffee company's stock valued at $330,000 after buying an additional 382 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Starbucks by 3.9% during the 3rd quarter. ProShare Advisors LLC now owns 1,279,583 shares of the coffee company's stock valued at $120,230,000 after acquiring an additional 47,515 shares during the period. Vise Technologies Inc. lifted its position in shares of Starbucks by 25.5% during the 3rd quarter. Vise Technologies Inc. now owns 50,170 shares of the coffee company's stock valued at $4,714,000 after acquiring an additional 10,206 shares during the period. Finally, Investment Partners LTD. purchased a new stake in shares of Starbucks during the 3rd quarter worth approximately $288,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Trading Down 1.7%

Shares of SBUX opened at $103.67 on Friday. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51. The stock has a market cap of $118.18 billion, a P/E ratio of 46.91, a PEG ratio of 1.57 and a beta of 0.98. The company has a 50-day moving average of $99.26 and a two-hundred day moving average of $99.70.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.72 by $0.08. The business had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.22 billion. Starbucks had a net margin of 6.66% and a negative return on equity of 38.01%. The company's quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 earnings per share. As a group, analysts forecast that Starbucks Corporation will post 3.21 EPS for the current fiscal year.

Starbucks Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.63 per share. This is a boost from Starbucks's previous quarterly dividend of $0.62. The ex-dividend date is Friday, November 13th. This represents a $2.52 dividend on an annualized basis and a yield of 2.4%. Starbucks's payout ratio is currently 112.22%.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 588 shares of the firm's stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the transaction, the chief executive officer owned 70,920 shares of the company's stock, valued at approximately $7,092,000. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 6,687 shares of company stock worth $685,935. 0.03% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported fiscal fourth-quarter adjusted EPS of $0.80, above the approximately $0.72 consensus. Adjusted operating margin expanded by roughly 450 basis points to 14% as sales leverage, cost savings and lower labor-related expenses supported profitability. Starbucks posts slight revenue miss and earnings beat
• Positive Sentiment: U.S. comparable sales increased 7.7%, ahead of management’s target, helped by higher average tickets, product mix, food attachments and improving customer traffic. Management said the turnaround is transitioning into a growth plan. Starbucks strong comps driven by ticket growth
• Positive Sentiment: Analysts remain constructive, with BTIG reaffirming a Buy rating and a $115 target, while Bank of America raised its target to $141. Starbucks also plans to test AI-powered drive-through tools, renovate more than 2,000 North American stores and add about 1,200 locations globally. Analyst raises Starbucks price target
• Neutral Sentiment: Management said Starbucks could eventually become a multibrand company and sees room for substantial international and North American expansion, but acquisitions are not currently the focus. Execution on store improvements and service remains the near-term priority. Starbucks CEO discusses future acquisitions
• Negative Sentiment: Revenue fell about 4.5% to $9.14 billion, missing estimates near $9.22 billion. The decline largely reflects Starbucks’ shift of nearly 8,000 China stores to a licensed joint venture, but international comparable sales and transactions remained weak. Starbucks international business disappoints
• Negative Sentiment: Fiscal 2027 guidance calls for roughly 4% North American comparable-sales growth, below fiscal 2026’s 6.6%, while revenue is expected to decline about 1%. Fourth-quarter ticket growth outpaced transaction growth, raising concerns that future gains may rely more on pricing and larger orders than on customer visits. Starbucks margins jump as store visits slow

Analyst Ratings Changes

SBUX has been the topic of a number of research reports. Raymond James Financial restated an "outperform" rating on shares of Starbucks in a report on Friday, October 9th. Compass Point assumed coverage on Starbucks in a research note on Monday, August 3rd. They issued a "buy" rating for the company. Rothschild & Co Redburn lifted their price objective on Starbucks from $81.00 to $82.00 and gave the stock a "sell" rating in a report on Wednesday, September 30th. CICC Research boosted their target price on Starbucks from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Starbucks in a research report on Friday. Twenty-three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $110.53.

Starbucks Company Profile

Starbucks Corporation is a global specialty coffee company headquartered in Seattle, Washington. Founded in 1971, the company operates and licenses coffeehouses under the Starbucks brand, serving brewed coffee, espresso beverages, teas, cold drinks, food, and other ready-to-consume products.

In addition to its company-operated and licensed stores, Starbucks sells packaged coffee, tea, and single-serve products through grocery retailers, convenience stores, and other distribution channels.

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