Royal Fund Management LLC raised its stake in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 9.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 67,628 shares of the coffee company’s stock after buying an additional 5,661 shares during the quarter. Royal Fund Management LLC’s holdings in Starbucks were worth $6,911,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Trust Services Inc. acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $875,000. B. Metzler seel. Sohn & Co. AG raised its holdings in Starbucks by 36.4% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 88,374 shares of the coffee company’s stock worth $7,442,000 after purchasing an additional 23,589 shares during the period. Jefferies Financial Group Inc. lifted its holdings in Starbucks by 94.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock worth $7,938,000 after acquiring an additional 45,794 shares in the last quarter. Swiss Life Asset Management Ltd lifted its stake in Starbucks by 20.4% in the fourth 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 bought a new stake in 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 News Roundup
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Fresh 52-week high: Starbucks reached $108.49, signaling strong momentum and renewed investor demand. The stock is approaching the upper end of its multiyear trading range, where a decisive breakout could attract additional technical buyers. Starbucks Reaches $108.49, a Fresh 52-Week High Starbucks Technical Breakout Analysis
- Positive Sentiment: Profitability focus: Coverage of Starbucks’ latest earnings call suggests management is emphasizing profits and operational performance over pursuing growth at any cost. That focus could support margins and investor confidence, particularly after the company exceeded quarterly earnings expectations in the supplied background information. Starbucks Earnings Call Signals Profits Over Growth
- Positive Sentiment: Energy-drink opportunity: Starbucks is among restaurant chains expanding into energy drinks, potentially broadening afternoon traffic, average sales and appeal to younger consumers. The strategy could create incremental growth, though its financial contribution is not yet clear. Fast-Food Chains Expand Into Energy Drinks
- Neutral Sentiment: Reports about Starbucks’ Canadian depository receipt and comparisons with other stocks provide market information but no new company-specific catalyst. Starbucks Canadian Depository Receipt Quote
- Neutral Sentiment: Starbucks’ inclusion in broader dividend-stock commentary does not materially change the company’s current outlook. S&P 500 Dividend Stock Commentary
- Negative Sentiment: At a market capitalization above $120 billion and a high earnings multiple, SBUX has limited room for disappointment. The technical rally could also encounter resistance near the top of its multiyear range.
Wall Street Analyst Weigh In
View Our Latest Research Report on SBUX
Starbucks Stock Performance
SBUX opened at $108.49 on Thursday. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $109.23. The company has a market capitalization of $123.68 billion, a P/E ratio of 62.35, a P/E/G ratio of 1.84 and a beta of 0.97. The stock has a fifty day moving average of $103.24 and a 200-day moving average of $99.84.
Starbucks (NASDAQ:SBUX – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The business’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. On average, equities research analysts predict 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. Shareholders 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 annualized dividend and a yield of 2.3%. Starbucks’s payout ratio is currently 142.53%.
Insider Buying and Selling at Starbucks
In other news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction 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 directly owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. This represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 6,687 shares of company stock worth $681,663. Corporate insiders own 0.03% of the company’s stock.
Starbucks Company 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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