Starbucks Corporation $SBUX Shares Purchased by ABN Amro Investment Solutions

Key Points

• ABN Amro Investment Solutions increased its Starbucks stake by 17% in the second quarter, bringing its holdings to 77,046 shares valued at approximately $7.9 million. Institutional investors collectively own 72.29% of SBUX.
• Analysts maintain a mixed outlook, with an overall “Hold” rating and an average price target of $109.92; several firms reiterated outperform ratings with targets as high as $130.
• Starbucks reported quarterly EPS of $0.85, beating estimates of $0.66, while revenue reached $9.32 billion. The company also declared a quarterly dividend of $0.62 per share, representing a 2.3% yield.

ABN Amro Investment Solutions increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 17.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,046 shares of the coffee company's stock after buying an additional 11,198 shares during the period. ABN Amro Investment Solutions' holdings in Starbucks were worth $7,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBUX. Vanguard Group Inc. increased its holdings in Starbucks by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company's stock worth $9,634,523,000 after purchasing an additional 971,773 shares during the period. Capital World Investors grew its position in shares of Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company's stock worth $7,135,228,000 after buying an additional 7,007,268 shares in the last quarter. State Street Corp increased its stake in shares of Starbucks by 0.7% during the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company's stock worth $4,031,053,000 after buying an additional 327,161 shares during the period. Geode Capital Management LLC increased its stake in shares of Starbucks by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company's stock worth $2,212,153,000 after buying an additional 225,168 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Starbucks by 65.9% in the fourth 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 acquiring an additional 7,725,547 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group boosted their price target on shares of Starbucks from $105.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Robert W. Baird set a $124.00 price objective on shares of Starbucks in a report on Thursday, July 30th. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 target price on shares of Starbucks in a research note on Thursday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Starbucks in a report on Monday, July 20th. Finally, Evercore restated an "outperform" rating on shares of Starbucks in a report on Thursday, July 30th. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $109.92.

Starbucks Price Performance

NASDAQ:SBUX opened at $107.69 on Friday. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51. The firm's fifty day moving average price is $103.78 and its 200 day moving average price is $99.97. The firm has a market cap of $122.77 billion, a price-to-earnings ratio of 61.89, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.19. The firm 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 firm's revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. Starbucks's dividend payout ratio (DPR) is 142.53%.

Insider Activity

In other 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 sale, the chief executive officer owned 75,135 shares of the company's stock, valued at $7,963,558.65. The trade was a 2.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is currently owned by company insiders.

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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