Susquehanna Fundamental Investments LLC Invests $5.56 Million in Starbucks Corporation $SBUX

Susquehanna Fundamental Investments LLC bought a new position in Starbucks Corporation (NASDAQ:SBUX) during the second quarter, HoldingsChannel reports. The fund bought 54,419 shares of the coffee company’s stock, valued at approximately $5,561,000.

Several other hedge funds have also bought and sold shares of the stock. Sunbelt Securities Inc. raised 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 buying an additional 97 shares during the period. Webster Bank N. A. increased its holdings in Starbucks by 7.8% in the 2nd quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock worth $143,000 after acquiring an additional 101 shares in the last quarter. Nilsine Partners LLC raised its stake in Starbucks by 1.0% during the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock worth $1,026,000 after acquiring an additional 101 shares during the period. Beta Wealth Group Inc. boosted its position in shares of Starbucks by 1.7% in the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock worth $635,000 after purchasing an additional 102 shares during the period. Finally, Elgethun Capital Management boosted its position in shares of Starbucks by 9.4% in the second quarter. Elgethun Capital Management now owns 1,219 shares of the coffee company’s stock worth $125,000 after purchasing an additional 105 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 1.5%

SBUX stock opened at $106.25 on Tuesday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The company has a fifty day simple moving average of $105.22 and a two-hundred day simple moving average of $100.86. The firm has a market capitalization of $121.12 billion, a P/E ratio of 61.06, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97.

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

Starbucks Announces Dividend

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

Insider Activity at Starbucks

In related 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 owned 75,135 shares in the company, valued at approximately $7,963,558.65. This represents a 2.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,687 shares of company stock valued at $681,663. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SBUX has been the topic of several recent analyst reports. Compass Point initiated coverage on shares of Starbucks in a research report on Monday, August 3rd. They set a “buy” rating on the stock. Jefferies Financial Group began coverage on Starbucks in a report on Thursday, May 14th. They set a “buy” rating on the stock. Citigroup increased their target price on Starbucks from $108.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Raymond James Financial cut Starbucks to an “outperform” rating in a report on Monday, August 3rd. Finally, Zacks Research downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Starbucks has an average rating of “Hold” and a consensus target price of $110.30.

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.