Starbucks Corporation $SBUX Shares Bought by Czech National Bank

Key Points

• Czech National Bank increased its Starbucks position by 4.6% in the second quarter, adding 14,119 shares to hold 324,402 shares valued at approximately $33.2 million. Institutional investors collectively own 72.29% of the company.
• Starbucks exceeded quarterly expectations, reporting $0.85 in earnings per share versus the $0.66 consensus estimate and $9.32 billion in revenue. However, revenue declined 1.4% year over year, and analysts’ consensus rating remains “Hold” with a $111.96 price target.
• The company declared a quarterly dividend of $0.62 per share, implying a 2.4% annualized yield, while CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 trading plan.

Czech National Bank grew its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 324,402 shares of the coffee company's stock after acquiring an additional 14,119 shares during the quarter. Czech National Bank's holdings in Starbucks were worth $33,151,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

SBUX has been the topic of a number of analyst reports. UBS Group lifted their price objective on Starbucks from $105.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Sanford C. Bernstein cut shares of Starbucks from an "outperform" rating to a "market perform" rating in a research report on Monday. Wells Fargo & Company lowered shares of Starbucks from an "overweight" rating to an "underweight" rating in a report on Monday. BTIG Research reaffirmed a "buy" rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, July 31st. Finally, Melius Research set a $110.00 price target on shares of Starbucks in a research note on Monday. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $111.96.

Starbucks Trading Down 0.8%

Shares of NASDAQ:SBUX opened at $105.16 on Friday. The company has a market capitalization of $119.88 billion, a price-to-earnings ratio of 60.44, a PEG ratio of 1.83 and a beta of 0.97. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $109.23. The business has a 50-day moving average price of $102.47 and a 200 day moving average price of $99.51.

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, topping 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 net margin of 5.17% and a negative return on equity of 34.10%. Starbucks's revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts predict that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company 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 dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, August 14th. Starbucks's dividend payout ratio (DPR) is currently 142.53%.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the sale, 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 filing with the SEC, which can be accessed through 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 ninety days. Company insiders own 0.03% of the company's stock.

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.

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