Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,501,608 shares of the coffee company's stock after buying an additional 137,267 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.22% of Starbucks worth $210,060,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. River Street Advisors LLC grew its holdings in shares of Starbucks by 0.8% during the fourth quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company's stock valued at $1,138,000 after buying an additional 113 shares during the last quarter. Opus Capital Group LLC lifted its position in Starbucks by 3.9% in the 4th quarter. Opus Capital Group LLC now owns 3,187 shares of the coffee company's stock valued at $268,000 after acquiring an additional 120 shares in the last quarter. Wynn Capital LLC boosted its stake in Starbucks by 1.0% during the 4th quarter. Wynn Capital LLC now owns 11,895 shares of the coffee company's stock valued at $1,002,000 after purchasing an additional 122 shares during the last quarter. Winch Advisory Services LLC increased its holdings in Starbucks by 1.1% during the 3rd quarter. Winch Advisory Services LLC now owns 11,004 shares of the coffee company's stock worth $931,000 after purchasing an additional 123 shares in the last quarter. Finally, Pioneer Trust Bank N A OR raised its stake in shares of Starbucks by 1.1% in the third quarter. Pioneer Trust Bank N A OR now owns 11,437 shares of the coffee company's stock worth $968,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 72.29% of the company's stock.
Insider Transactions at Starbucks
In other Starbucks news, EVP Sara Kelly sold 2,000 shares of Starbucks stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the executive vice president owned 57,653 shares of the company's stock, valued at $6,053,565. The trade was a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 588 shares of the company's stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the sale, the chief executive officer owned 83,788 shares in the company, valued at approximately $8,378,800. This represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,958 shares of company stock worth $877,464 in the last three months. 0.03% of the stock is currently owned by insiders.
Starbucks Trading Up 1.4%
Shares of SBUX stock opened at $106.44 on Thursday. The firm's 50 day moving average is $96.91 and its 200 day moving average is $91.41. The stock has a market capitalization of $121.27 billion, a P/E ratio of 80.64, a PEG ratio of 2.12 and a beta of 1.01. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $107.55.
Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. The business had revenue of $9.53 billion for the quarter, compared to analysts' expectations of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts predict that Starbucks Corporation will post 2.4 EPS for the current year.
Starbucks Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, May 15th. Starbucks's payout ratio is presently 187.88%.
Analyst Upgrades and Downgrades
SBUX has been the topic of several analyst reports. New Street Research set a $90.00 target price on Starbucks in a research report on Tuesday, January 27th. Mizuho upped their target price on shares of Starbucks from $86.00 to $95.00 and gave the stock a "neutral" rating in a research note on Monday, January 26th. Dbs Bank raised shares of Starbucks from a "strong sell" rating to a "moderate sell" rating in a research report on Friday, March 20th. Piper Sandler reaffirmed an "overweight" rating and issued a $110.00 price objective on shares of Starbucks in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $110.00 target price (up from $105.00) on shares of Starbucks in a research report on Wednesday, April 29th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Starbucks has a consensus rating of "Moderate Buy" and an average price target of $107.00.
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About Starbucks
(
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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