New Mexico Educational Retirement Board grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX – Free Report) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,598 shares of the coffee company’s stock after buying an additional 4,700 shares during the period. New Mexico Educational Retirement Board’s holdings in Starbucks were worth $5,784,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp lifted its holdings in shares of Starbucks by 28.2% in the second quarter. Toth Financial Advisory Corp now owns 63,689 shares of the coffee company’s stock worth $6,508,000 after buying an additional 14,027 shares in the last quarter. Mufg Securities Americas Inc. grew its stake in Starbucks by 8.9% during the second quarter. Mufg Securities Americas Inc. now owns 34,326 shares of the coffee company’s stock valued at $3,508,000 after acquiring an additional 2,801 shares in the last quarter. Nissay Asset Management Corp Japan increased its holdings in Starbucks by 6.4% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 337,323 shares of the coffee company’s stock worth $34,471,000 after acquiring an additional 20,378 shares during the period. Navellier & Associates Inc. purchased a new stake in Starbucks in the 2nd quarter worth approximately $204,000. Finally, Field & Main Bank purchased a new stake in Starbucks in the 2nd quarter worth approximately $234,000. 72.29% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
SBUX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $126.00 price target on shares of Starbucks in a research report on Thursday, July 30th. Guggenheim started coverage on Starbucks in a research note on Monday, August 3rd. They set a “buy” rating for the company. TD Cowen restated a “buy” rating on shares of Starbucks in a research report on Tuesday, August 18th. Evercore restated an “outperform” rating on shares of Starbucks in a research note on Thursday, July 30th. Finally, Citigroup raised their price target on Starbucks from $108.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Starbucks presently has a consensus rating of “Hold” and a consensus target price of $110.30.
Insider Buying and Selling at Starbucks
In related 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 value 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. The trade was a 2.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,687 shares of company stock worth $681,663. Company insiders own 0.03% of the company’s stock.
Starbucks Price Performance
Shares of NASDAQ:SBUX opened at $107.85 on Friday. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The firm has a market capitalization of $122.95 billion, a price-to-earnings ratio of 61.98, a PEG ratio of 1.85 and a beta of 0.97. The company’s fifty day moving average price is $105.10 and its 200-day moving average price is $100.78.
Starbucks (NASDAQ:SBUX – Get Free Report) last announced its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts expect that Starbucks Corporation will post 2.64 EPS for the current year.
Starbucks Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.62 per share. The ex-dividend date was Friday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. Starbucks’s dividend payout ratio is 142.53%.
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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