National Pension Service Acquires 37,412 Shares of Starbucks Corporation $SBUX

Key Points

• National Pension Service increased its Starbucks stake by 1.4%, acquiring 37,412 shares to hold 2.8 million shares worth approximately $285.7 million. Institutional investors collectively own 72.29% of Starbucks.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $110.30. Recent target increases from DA Davidson and Citigroup were offset by Bernstein downgrading the stock to “market perform.”
• Starbucks exceeded quarterly expectations, reporting $0.85 in earnings per share versus the $0.66 consensus and $9.32 billion in revenue, although revenue declined 1.4% year over year. CEO Brady Brewer later sold 2,229 shares under a pre-arranged trading plan.

National Pension Service increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,795,886 shares of the coffee company's stock after acquiring an additional 37,412 shares during the quarter. National Pension Service owned about 0.25% of Starbucks worth $285,712,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Cornerstone Financial Management LLC bought a new position in Starbucks during the fourth quarter worth $25,000. Phillip James Consulting Co. acquired a new position in shares of Starbucks in the fourth quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in shares of Starbucks in the second quarter valued at about $25,000. Entrust Financial LLC bought a new position in shares of Starbucks in the fourth quarter valued at about $26,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of Starbucks during the 4th quarter worth about $27,000. Institutional investors own 72.29% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. DA Davidson lifted their target price on shares of Starbucks from $102.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Citigroup raised their price objective on shares of Starbucks from $108.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Stephens began coverage on Starbucks in a report on Thursday, May 14th. They set an "overweight" rating for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Starbucks in a research report on Monday, July 20th. Finally, Sanford C. Bernstein lowered Starbucks from an "outperform" rating to a "market perform" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $110.30.

Starbucks Stock Performance

SBUX stock opened at $100.04 on Thursday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The company has a market capitalization of $114.05 billion, a PE ratio of 57.49, a price-to-earnings-growth ratio of 1.76 and a beta of 0.97. The company's 50-day simple moving average is $105.37 and its 200 day simple moving average is $101.27.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts' expectations 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 was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, analysts forecast that Starbucks Corporation will post 2.64 EPS for the current year.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $105.60, for a total value of $235,382.40. Following the completion of the sale, the chief executive officer directly owned 73,149 shares in the company, valued at approximately $7,724,534.40. The trade was a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 $703,450 in the last three months. 0.03% of the stock is currently owned by insiders.

Starbucks Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.

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