OMERS ADMINISTRATION Corp Invests $6.09 Million in Starbucks Corporation $SBUX

Key Points

• OMERS Administration Corp. purchased a new $6.09 million stake in Starbucks during the second quarter, buying 59,568 shares. Institutional investors collectively own 72.29% of the company.
• Starbucks exceeded quarterly expectations with $0.85 EPS versus the $0.66 consensus and $9.32 billion in revenue, although revenue declined 1.4% year over year. Analysts’ consensus rating remains “Hold,” with an average price target of $110.30.
• The turnaround is receiving support from seasonal promotions and positive analyst views, but restructuring and labor tensions remain risks. Starbucks also declared a quarterly dividend of $0.62 per share, equating to a 2.3% yield.

OMERS ADMINISTRATION Corp bought a new stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 59,568 shares of the coffee company's stock, valued at approximately $6,087,000.

Other large investors also recently bought and sold shares of the company. Capital World Investors raised its stake 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 in the last quarter. BlackRock Inc. purchased a new position in shares of Starbucks in the 2nd quarter worth $8,504,509,000. State Street Corp grew its stake in shares of Starbucks by 0.7% in the 4th quarter. State Street Corp now owns 47,869,056 shares of the coffee company's stock worth $4,031,053,000 after buying an additional 327,161 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Starbucks by 65.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company's stock valued at $1,637,704,000 after buying an additional 7,725,547 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Analysts Set New Price Targets

SBUX has been the subject of a number of analyst reports. Wedbush started coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an "outperform" rating for the company. UBS Group upped 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. TD Cowen reaffirmed a "buy" rating on shares of Starbucks in a research note on Tuesday, August 18th. Stephens started coverage on Starbucks in a report on Thursday, May 14th. They issued an "overweight" rating for the company. Finally, Evercore reissued an "outperform" rating on shares of Starbucks in a research report on Thursday, July 30th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, Starbucks presently has a consensus rating of "Hold" and a consensus target price of $110.30.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Seasonal promotions are supporting the turnaround. Starbucks launched its fall menu and Pumpkin Spice Latte season, while the limited-time Unicorn Frappuccino reportedly generated the company’s highest sales weekend on record and lifted traffic 28.5% above a typical Saturday. New offerings, including the Blueberry Matcha Daily Fiber Bar, are also intended to drive visits and strengthen the “Back to Starbucks” strategy. Starbucks Unicorn Frappuccino drives biggest sales weekend ever
• Positive Sentiment: Analyst sentiment remains constructive. Baird initiated coverage with an Outperform rating and a $124 price target, implying additional upside based on expectations for improved traffic, margin recovery and continued execution of the turnaround. Starbucks has also reported better-than-expected recent earnings and maintained fiscal 2026 EPS guidance of $2.55–$2.65. Baird sees upside for Starbucks
• Neutral Sentiment: Corporate restructuring continues. Starbucks plans to eliminate more than 200 Seattle-area corporate positions and shift some roles to Nashville. The cuts could reduce costs and streamline operations, but they also highlight ongoing execution challenges and may create transition or morale risks. Starbucks is cutting more than 200 jobs
• Negative Sentiment: Labor conflict is the main near-term overhang. Starbucks Workers United is urging more than 12,000 unionized baristas and customers to boycott the chain during the Pumpkin Spice Latte launch until management reaches a contract agreement. The financial impact depends on participation, but a sustained boycott could undermine the traffic gains investors are watching and add reputational and labor costs. Starbucks union calls for boycott

Insider Activity at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total value of $236,251.71. Following the transaction, the chief executive officer owned 75,135 shares of the company's stock, valued at $7,963,558.65. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 in the last quarter. Corporate insiders own 0.03% of the company's stock.

Starbucks Stock Performance

Shares of SBUX stock opened at $105.76 on Wednesday. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51. The firm has a market capitalization of $120.57 billion, a P/E ratio of 60.78, a P/E/G ratio of 1.86 and a beta of 0.97. The stock has a 50 day moving average price of $104.65 and a 200 day moving average price of $100.59.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 EPS 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 for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the prior year, the company posted $0.50 EPS. Starbucks's quarterly revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, sell-side analysts forecast that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th 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 of this dividend is Friday, August 14th. Starbucks's payout ratio is currently 142.53%.

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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