Starbucks Corporation $SBUX Shares Bought by Banco Santander S.A.

Key Points

• Banco Santander increased its Starbucks stake by 20.5% in the second quarter, owning 102,466 shares valued at approximately $10.5 million. Institutional investors and hedge funds collectively own 72.29% of SBUX.
• Starbucks reported quarterly earnings of $0.85 per share, beating estimates of $0.66, while revenue reached $9.32 billion. Revenue declined 1.4% year over year, and the company issued fiscal 2026 EPS guidance of $2.55–$2.65.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $109.92 price target. Starbucks declared a quarterly dividend of $0.62 per share, representing a 2.3% annualized yield.

Banco Santander S.A. grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 20.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 102,466 shares of the coffee company's stock after buying an additional 17,423 shares during the period. Banco Santander S.A.'s holdings in Starbucks were worth $10,471,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SBUX. Rachor Investment Advisory Services LLC purchased a new position in shares of Starbucks in the 4th quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new stake in Starbucks during the 4th quarter worth approximately $25,000. Phillip James Consulting Co. purchased a new position in Starbucks in the fourth quarter valued at approximately $25,000. Entrust Financial LLC purchased a new position in Starbucks in the fourth quarter valued at approximately $26,000. Finally, Tucker Asset Management LLC acquired a new position in Starbucks during the fourth quarter valued at approximately $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several research reports. Morgan Stanley downgraded shares of Starbucks from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Scotiabank lowered shares of Starbucks from a "market perform" rating to an "underperform" rating in a report on Thursday, May 14th. Evercore reaffirmed an "outperform" rating on shares of Starbucks in a research report on Thursday, July 30th. Citigroup increased their price target on Starbucks from $108.00 to $112.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Finally, Compass Point began coverage on Starbucks in a research report on Monday, August 3rd. They issued a "buy" rating on the stock. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $109.92.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 75,135 shares in the company, valued at $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 is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock worth $681,663 in the last three months. 0.03% of the stock is owned by company insiders.

Starbucks Stock Up 0.2%

SBUX opened at $107.92 on Tuesday. The firm's 50 day moving average is $104.04 and its 200-day moving average is $100.08. 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 $123.03 billion, a P/E ratio of 62.02, a P/E/G ratio of 1.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks's dividend payout ratio is presently 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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