Susquehanna Fundamental Investments LLC Makes New Investment in Starbucks Corporation $SBUX

Key Points

• Susquehanna Fundamental Investments initiated a Starbucks position of 54,419 shares valued at approximately $5.56 million. Institutional investors collectively own 72.29% of Starbucks stock.
• Starbucks exceeded quarterly expectations, reporting $0.85 earnings per share versus the $0.66 consensus and $9.32 billion in revenue, though revenue declined 1.4% year over year.
• The company’s shares opened at $106.25, while analysts maintained a consensus “Hold” rating with a $110.30 average price target. Starbucks also paid a quarterly dividend of $0.62 per share, representing a 2.3% yield.

Susquehanna Fundamental Investments LLC bought a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 54,419 shares of the coffee company's stock, valued at approximately $5,561,000.

Several other institutional investors have also recently made changes to their positions in SBUX. Sigma Planning Corp boosted its position in shares of Starbucks by 5.7% during the second quarter. Sigma Planning Corp now owns 22,154 shares of the coffee company's stock valued at $2,264,000 after purchasing an additional 1,186 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Starbucks during the 2nd quarter valued at $170,485,000. Flputnam Investment Management Co. purchased a new stake in shares of Starbucks in the 2nd quarter worth about $6,567,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Starbucks by 26.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,506,482 shares of the coffee company's stock worth $869,277,000 after buying an additional 1,767,530 shares during the period. Finally, New Mexico Educational Retirement Board lifted its position in Starbucks by 9.1% during the 2nd quarter. New Mexico Educational Retirement Board now owns 56,598 shares of the coffee company's stock valued at $5,784,000 after acquiring an additional 4,700 shares during the period. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Down 1.5%

Shares of SBUX stock opened at $106.25 on Tuesday. The company has a 50 day moving average price of $105.22 and a 200-day moving average price of $100.86. 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 $121.12 billion, a PE ratio of 61.06, 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 data 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 company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Analysts anticipate that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks's dividend payout ratio is currently 142.53%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SBUX. Needham & Company LLC set a $120.00 target price on shares of Starbucks in a research note on Tuesday, August 18th. Citigroup raised their price objective on Starbucks from $108.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Evercore reissued an "outperform" rating on shares of Starbucks in a report on Thursday, July 30th. BNP Paribas Exane increased their target price on Starbucks from $87.00 to $92.00 and gave the stock an "underperform" rating in a research note on Thursday, July 30th. Finally, Robert W. Baird upgraded shares of Starbucks to a "strong-buy" rating in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $110.30.

Insiders Place Their Bets

In other Starbucks 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 value of $236,251.71. Following the transaction, the chief executive officer directly owned 75,135 shares of the company's stock, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,687 shares of company stock valued at $681,663 over the last 90 days. 0.03% of the stock is currently owned by corporate 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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