Starbucks Corporation $SBUX Shares Acquired by Saudi Central Bank

Key Points

• Saudi Central Bank increased its Starbucks stake by 90% in the second quarter, adding 37,779 shares to own 79,751 shares valued at approximately $8.15 million. Institutional investors collectively own 72.29% of Starbucks.
• Starbucks beat quarterly expectations, reporting $0.85 in EPS versus the $0.66 consensus and revenue of $9.32 billion, although revenue declined 1.4% year over year. The company guided to fiscal 2026 EPS of $2.55–$2.65.
• The company maintains a quarterly dividend of $0.62 per share, equivalent to a 2.4% annualized yield. Analysts’ average rating is “Hold,” with an average price target of $110.30 compared with a recent share price of $104.47.

Saudi Central Bank lifted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 90.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 79,751 shares of the coffee company's stock after acquiring an additional 37,779 shares during the period. Saudi Central Bank's holdings in Starbucks were worth $8,150,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC increased its stake in Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock valued at $16,126,000 after purchasing an additional 81,952 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Starbucks by 47.0% during the second quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company's stock worth $334,000 after buying an additional 1,164 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Starbucks during the second quarter worth $288,000. Gamco Investors INC. ET AL grew its holdings in shares of Starbucks by 92.8% during the second quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company's stock valued at $479,000 after buying an additional 2,515 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Starbucks by 7.6% during the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company's stock valued at $10,328,000 after buying an additional 7,978 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Price Performance

NASDAQ SBUX opened at $104.47 on Friday. The company has a market capitalization of $119.10 billion, a PE ratio of 60.04, a P/E/G ratio of 1.80 and a beta of 0.97. The company has a fifty day moving average of $105.43 and a 200 day moving average of $101.08. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Research analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 14th. Starbucks's dividend payout ratio (DPR) is 142.53%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup raised their target price on Starbucks from $108.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Stephens assumed coverage on Starbucks in a research note on Thursday, May 14th. They set an "overweight" rating on the stock. Needham & Company LLC set a $120.00 price objective on Starbucks in a report on Tuesday, August 18th. Zacks Research cut Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $126.00 target price on shares of Starbucks in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Starbucks currently has an average rating of "Hold" and an average target price of $110.30.

Insider Buying and Selling

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the transaction, the chief executive officer directly owned 75,135 shares in the company, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,046 shares of company stock worth $526,868 over the last quarter. 0.03% of the stock is owned by company insiders.

Starbucks 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.

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