Starbucks Corporation $SBUX Shares Bought by PensionDanmark Pensionsforsikringsaktieselskab

Key Points

• PensionDanmark increased its Starbucks stake by 10% in the second quarter, purchasing 13,600 additional shares to own 150,052 shares valued at approximately $15.3 million. Institutional investors collectively hold 72.29% of Starbucks stock.
• Starbucks exceeded quarterly expectations, reporting $0.85 in EPS and $9.32 billion in revenue, although revenue declined 1.4% year over year. Analysts’ consensus rating is “Hold,” with an average price target of $111.96.
• Starbucks announced a quarterly dividend of $0.62 per share, equivalent to a 2.3% yield, payable August 28 to shareholders of record as of August 14.

PensionDanmark Pensionsforsikringsaktieselskab grew its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,052 shares of the coffee company's stock after purchasing an additional 13,600 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Starbucks were worth $15,334,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. BTIG Research restated a "buy" rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, July 31st. Stephens assumed coverage on Starbucks in a report on Thursday, May 14th. They issued an "overweight" rating for the company. Jefferies Financial Group assumed coverage on Starbucks in a research report on Thursday, May 14th. They set a "buy" rating on the stock. Zacks Research lowered Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Finally, Evercore restated an "outperform" rating on shares of Starbucks in a research report on Thursday, July 30th. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Starbucks has a consensus rating of "Hold" and a consensus target price of $111.96.

Starbucks Stock Up 0.4%

SBUX stock opened at $105.58 on Friday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $109.23. The firm has a 50-day simple moving average of $102.60 and a 200-day simple moving average of $99.55. The stock has a market capitalization of $120.36 billion, a P/E ratio of 60.68, a P/E/G ratio of 1.81 and a beta of 0.97.

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

Starbucks Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks's dividend payout ratio (DPR) is 142.53%.

Insider Activity

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 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 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 Securities & Exchange Commission, 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 over the last quarter. Insiders own 0.03% of the company's stock.

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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