Starbucks Corporation $SBUX Position Increased by Swiss Life Asset Management Ltd

Key Points

• Swiss Life Asset Management increased its Starbucks stake by 9.5% in the second quarter, bringing its holdings to 599,663 shares valued at approximately $61.3 million. Institutional investors collectively own 72.29% of the company.
• Starbucks reported quarterly EPS of $0.85, beating estimates by $0.19, while revenue reached $9.32 billion, ahead of expectations but down 1.4% year over year.
• The company declared a quarterly dividend of $0.62 per share, equivalent to an annualized $2.48 and a 2.3% yield. Analysts’ consensus rating is “Hold,” with a target price of $109.92.

Swiss Life Asset Management Ltd boosted its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 9.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 599,663 shares of the coffee company's stock after buying an additional 51,953 shares during the quarter. Swiss Life Asset Management Ltd owned 0.05% of Starbucks worth $61,280,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rachor Investment Advisory Services LLC bought a new stake in shares of Starbucks during the 4th quarter worth $25,000. Phillip James Consulting Co. acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. Entrust Financial LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at $26,000. Finally, Financial Freedom LLC lifted its holdings in shares of Starbucks by 296.2% during the first quarter. Financial Freedom LLC now owns 313 shares of the coffee company's stock valued at $28,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 72.29% of the company's stock.

Insider Activity at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total transaction of $236,251.71. Following the transaction, the chief executive officer directly owned 75,135 shares of the company's stock, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 worth $681,663 in the last ninety days. Company insiders own 0.03% of the company's stock.

Starbucks Trading Up 0.2%

NASDAQ:SBUX opened at $107.92 on Tuesday. The firm has a market capitalization of $123.03 billion, a price-to-earnings ratio of 62.02, a PEG ratio of 1.86 and a beta of 0.97. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51. The business's fifty day moving average price is $104.04 and its 200 day moving average price is $100.08.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the business earned $0.50 EPS. The business's revenue for the quarter was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.62 dividend. 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 dividend payout ratio is 142.53%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Evercore reissued an "outperform" rating on shares of Starbucks in a research note on Thursday, July 30th. Jefferies Financial Group began coverage on shares of Starbucks in a research note on Thursday, May 14th. They set a "buy" rating for the company. Wedbush began coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an "outperform" rating for the company. Guggenheim started coverage on shares of Starbucks in a report on Monday, August 3rd. They set a "buy" rating on the stock. Finally, Melius Research set a $110.00 price target on shares of Starbucks in a research report on Monday, August 3rd. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $109.92.

Starbucks Company Profile

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.

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source