Jupiter Topco LLC Takes Position in Starbucks Corporation $SBUX

Jupiter Topco LLC purchased a new position in shares of Starbucks Corporation (NASDAQ:SBUX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 136,391 shares of the coffee company’s stock, valued at approximately $13,934,000.

Several other institutional investors have also recently bought and sold shares of the business. Cornerstone Financial Management LLC bought a new position in shares of Starbucks in the fourth quarter valued at about $25,000. Phillip James Consulting Co. acquired a new stake in Starbucks in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. bought a new position in shares of Starbucks in the second quarter worth about $25,000. Entrust Financial LLC acquired a new position in shares of Starbucks during the fourth quarter worth approximately $26,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Starbucks during the fourth quarter worth approximately $27,000. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on SBUX shares. Melius Research set a $110.00 price target on shares of Starbucks in a report on Monday, August 3rd. TD Cowen reaffirmed a “buy” rating on shares of Starbucks in a report on Tuesday, August 18th. Stifel Nicolaus set a $117.00 price objective on Starbucks and gave the company a “buy” rating in a research report on Wednesday, May 6th. UBS Group lifted their target price on Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 target price (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given 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 stock presently has an average rating of “Hold” and a consensus target price of $110.30.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks 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 completion of the sale, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 company insiders.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $107.85 on Friday. The stock has a market cap of $122.95 billion, a price-to-earnings ratio of 61.98, a P/E/G ratio of 1.86 and a beta of 0.97. The company has a 50 day moving average of $105.10 and a 200-day moving average of $100.78. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating 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 business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period in the prior year, the business posted $0.50 earnings per share. Starbucks’s 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. Equities research analysts anticipate that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

About Starbucks

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.