Starbucks Corporation $SBUX Shares Acquired by Toth Financial Advisory Corp

Toth Financial Advisory Corp increased its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 28.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,689 shares of the coffee company's stock after purchasing an additional 14,027 shares during the quarter. Toth Financial Advisory Corp's holdings in Starbucks were worth $6,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Capital World Investors lifted its stake in shares of Starbucks by 9.0% in the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company's stock worth $7,135,228,000 after acquiring an additional 7,007,268 shares in the last quarter. BlackRock Inc. purchased a new stake in Starbucks during the 2nd quarter worth approximately $8,504,509,000. State Street Corp raised its position 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 valued at $4,031,053,000 after purchasing an additional 327,161 shares in the last quarter. Geode Capital Management LLC raised its position 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 valued at $2,212,153,000 after purchasing an additional 225,168 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake 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 during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Up 0.6%

SBUX opened at $107.85 on Friday. The company's 50-day moving average price is $105.10 and its 200 day moving average price is $100.78. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51. The firm has a market cap of $122.95 billion, a price-to-earnings ratio of 61.98, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.66 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business's revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Research analysts anticipate 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. Shareholders of record on Friday, August 14th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks's dividend payout ratio (DPR) is currently 142.53%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SBUX shares. Evercore restated an "outperform" rating on shares of Starbucks in a research note on Thursday, July 30th. Wedbush began coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an "outperform" rating on the stock. Needham & Company LLC set a $120.00 price objective on shares of Starbucks in a report on Tuesday, August 18th. Jefferies Financial Group began coverage on shares of Starbucks in a research report on Thursday, May 14th. They issued a "buy" rating for the company. Finally, Wells Fargo & Company lowered shares of Starbucks from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $110.30.

Insider Transactions at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer 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 legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock valued at $681,663 in the last quarter. Company insiders own 0.03% of the company's stock.

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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