MUFG Securities EMEA plc lifted its position in shares of Starbucks Corporation (NASDAQ:SBUX – Free Report) by 114.3% during the 4th quarter, HoldingsChannel reports. The firm owned 46,615 shares of the coffee company’s stock after acquiring an additional 24,858 shares during the period. MUFG Securities EMEA plc’s holdings in Starbucks were worth $3,925,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in SBUX. Norges Bank bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $1,232,650,000. Capital Research Global Investors boosted its position in shares of Starbucks by 11.4% during the third quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock valued at $7,229,968,000 after purchasing an additional 8,774,198 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Starbucks by 146.6% during the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after purchasing an additional 3,596,014 shares in the last quarter. Capital International Investors boosted its position in shares of Starbucks by 22.5% during the third quarter. Capital International Investors now owns 14,691,772 shares of the coffee company’s stock valued at $1,243,104,000 after purchasing an additional 2,699,479 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Starbucks by 80.6% during the third quarter. Ameriprise Financial Inc. now owns 5,105,164 shares of the coffee company’s stock valued at $433,923,000 after purchasing an additional 2,277,792 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on 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. Scotiabank cut Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a research note on Wednesday, April 22nd. Citizens Jmp began coverage on Starbucks in a research note on Monday, March 30th. They set an “underperform” rating and a $84.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Starbucks from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.48.
Starbucks Price Performance
SBUX stock opened at $96.51 on Tuesday. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88. The business has a fifty day moving average price of $99.04 and a 200-day moving average price of $93.90. The stock has a market capitalization of $109.99 billion, a P/E ratio of 73.11, a P/E/G ratio of 1.95 and a beta of 0.98.
Starbucks (NASDAQ:SBUX – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, analysts anticipate that Starbucks Corporation will post 2.42 earnings per share for the current year.
Starbucks Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.62 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 2.6%. Starbucks’s payout ratio is currently 187.88%.
Insider Buying and Selling at Starbucks
In other news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total value of $233,621.49. Following the completion of the transaction, the chief executive officer owned 81,559 shares in the company, valued at $8,548,198.79. The trade was a 2.66% 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. Also, EVP Sara Kelly sold 2,500 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $242,800.00. Following the completion of the transaction, the executive vice president owned 59,609 shares of the company’s stock, valued at $5,789,226.08. This represents a 4.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,187 shares of company stock valued at $1,111,085 in the last 90 days. Company insiders own 0.03% of the company’s stock.
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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