Starbucks Corporation $SBUX Shares Sold by Cape Investment Advisory Inc.

Key Points

• Cape Investment Advisory cut its Starbucks stake by 96.6% in the second quarter, selling 13,319 shares and retaining 473 shares worth approximately $48,000. Institutional investors and hedge funds collectively own 72.29% of Starbucks.
• Starbucks reported quarterly EPS of $0.85, beating expectations of $0.66, while revenue reached $9.32 billion versus the $9.17 billion consensus; however, revenue declined 1.4% year over year.
• The company declared a quarterly dividend of $0.62 per share, equivalent to an annualized $2.48 dividend and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $109.92.

Cape Investment Advisory Inc. reduced its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 96.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 473 shares of the coffee company's stock after selling 13,319 shares during the period. Cape Investment Advisory Inc.'s holdings in Starbucks were worth $48,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Trust Services Inc. acquired a new stake in Starbucks during the fourth quarter worth approximately $875,000. B. Metzler seel. Sohn & Co. AG lifted its position in shares of Starbucks by 36.4% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 88,374 shares of the coffee company's stock worth $7,442,000 after buying an additional 23,589 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in shares of Starbucks by 94.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company's stock valued at $7,938,000 after buying an additional 45,794 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of Starbucks by 20.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company's stock valued at $43,655,000 after buying an additional 87,926 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Starbucks in the 4th quarter valued at $1,232,650,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Down 0.8%

NASDAQ SBUX opened at $107.69 on Friday. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51. The business's 50-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 P/E ratio of 61.89, a P/E/G ratio of 1.86 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 (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analysts' expectations of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The firm's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, 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 will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks's payout ratio is presently 142.53%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SBUX. Jefferies Financial Group assumed coverage on shares of Starbucks in a research note on Thursday, May 14th. They set a "buy" rating on the stock. Royal Bank Of Canada restated a "sector perform" rating and issued a $115.00 price objective (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $126.00 price objective on shares of Starbucks in a report on Thursday, July 30th. TD Cowen assumed coverage on Starbucks in a research report on Thursday, July 30th. They set a "buy" rating and a $120.00 target price on the stock. Finally, Citigroup boosted their target price on Starbucks from $108.00 to $112.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $109.92.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the company'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 owned 75,135 shares in the company, valued at $7,963,558.65. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,687 shares of company stock worth $681,663 in the last three months. 0.03% of the stock is owned by corporate insiders.

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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