Hager Investment Management Services LLC raised its stake in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 1,150.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,543 shares of the coffee company’s stock after buying an additional 6,940 shares during the period. Hager Investment Management Services LLC’s holdings in Starbucks were worth $771,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Starbucks by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock worth $9,634,523,000 after acquiring an additional 971,773 shares in the last quarter. Capital World Investors raised its position in Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after purchasing an additional 7,007,268 shares in the last quarter. State Street Corp raised its position in Starbucks by 0.7% during the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock valued at $4,031,053,000 after purchasing an additional 327,161 shares in the last quarter. Geode Capital Management LLC lifted its stake in Starbucks by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock worth $2,212,153,000 after purchasing an additional 225,168 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Starbucks by 65.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock worth $1,637,704,000 after purchasing an additional 7,725,547 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.
Key Starbucks News
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Strong U.S. performance supports the rally. Starbucks reportedly delivered 8% U.S. comparable-store sales growth, while quarterly earnings and revenue exceeded analyst expectations. Analysts subsequently raised price targets as high as $130, reinforcing expectations that the company’s turnaround and operating initiatives are gaining traction. Starbucks (SBUX) Stock Reaches 52-Week Peak Following Strong Q3 Performance
- Positive Sentiment: Options activity signals bullish positioning. Investors purchased 40,915 SBUX call options, 59% above the average daily call volume of 25,712. Although options activity can include hedging, the elevated call buying suggests increased speculative interest in further gains.
- Positive Sentiment: Technical momentum remains favorable. Starbucks reached fresh 52-week highs, and chart analysts say the stock is approaching the upper end of a multiyear trading range, potentially creating room for a breakout if momentum continues. Starbucks is close to the top of its multiyear range
- Neutral Sentiment: Energy drinks offer a potential growth avenue. Starbucks is among restaurant chains expanding into energy drinks, which could broaden its beverage lineup and attract new occasions, but the financial impact is not yet clear. Why fast food chains are going all in on energy drinks
- Negative Sentiment: Starbucks Korea reported its first quarterly loss in 27 years. A marketing controversy led to a boycott, political criticism and a police raid, highlighting reputational and execution risks in an important international market. Starbucks Korea Suffers First Loss in 27 Years on PR Debacle
Insiders Place Their Bets
Starbucks Stock Up 0.1%
NASDAQ SBUX opened at $108.55 on Friday. The company has a 50-day simple moving average of $103.53 and a two-hundred day simple moving average of $99.91. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51. The firm has a market cap of $123.75 billion, a price-to-earnings ratio of 62.39, a PEG ratio of 1.87 and a beta of 0.97.
Starbucks (NASDAQ:SBUX – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.
Starbucks Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s payout ratio is 142.53%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. TD Cowen assumed coverage on Starbucks in a research report on Thursday, July 30th. They issued a “buy” rating and a $120.00 target price for the company. Scotiabank lowered Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. Stifel Nicolaus set a $117.00 price target on shares of Starbucks and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group cut shares of Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.92.
Read Our Latest Stock Report on Starbucks
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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