Sumitomo Mitsui Trust Group Inc. Increases Stake in Starbucks Corporation $SBUX

Sumitomo Mitsui Trust Group Inc. boosted its position in Starbucks Corporation (NASDAQ:SBUX) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,622,136 shares of the coffee company’s stock after acquiring an additional 16,675 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Starbucks worth $267,956,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SBUX. Sunbelt Securities Inc. increased its stake in shares of Starbucks by 1.0% in the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock worth $849,000 after purchasing an additional 97 shares in the last quarter. Webster Bank N. A. raised its position in shares of Starbucks by 7.8% in the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock valued at $143,000 after purchasing an additional 101 shares during the period. Nilsine Partners LLC lifted its stake in shares of Starbucks by 1.0% during the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock valued at $1,026,000 after buying an additional 101 shares in the last quarter. Beta Wealth Group Inc. boosted its holdings in Starbucks by 1.7% in the 2nd quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock worth $635,000 after buying an additional 102 shares during the period. Finally, Elgethun Capital Management boosted its holdings in Starbucks by 9.4% in the 2nd quarter. Elgethun Capital Management now owns 1,219 shares of the coffee company’s stock worth $125,000 after buying an additional 105 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Price Performance

NASDAQ SBUX opened at $106.01 on Wednesday. The company’s 50 day simple moving average is $104.21 and its two-hundred day simple moving average is $100.15. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The stock has a market capitalization of $120.85 billion, a PE ratio of 60.93, a P/E/G ratio of 1.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, research analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s payout ratio is presently 142.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SBUX shares. Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. UBS Group raised their price target on Starbucks from $105.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Morgan Stanley cut Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Scotiabank lowered Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. Finally, Piper Sandler reissued an “overweight” rating and set a $110.00 price objective on shares of Starbucks in a report on Wednesday, April 29th. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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 sale, the chief executive officer owned 75,135 shares of the company’s stock, valued at $7,963,558.65. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 6,687 shares of company stock valued at $681,663. 0.03% of the stock is owned by corporate insiders.

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.