RB Capital Management LLC Takes $5.17 Million Position in Starbucks Corporation $SBUX

RB Capital Management LLC acquired a new position in shares of Starbucks Corporation (NASDAQ:SBUX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 50,605 shares of the coffee company’s stock, valued at approximately $5,171,000. Starbucks makes up approximately 1.0% of RB Capital Management LLC’s investment portfolio, making the stock its 26th largest position.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley lowered shares of Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. UBS Group lifted their price target on shares of Starbucks from $105.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Sanford C. Bernstein lowered shares of Starbucks from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. TD Cowen reissued a “buy” rating on shares of Starbucks in a research note on Tuesday, August 18th. Finally, Raymond James Financial cut shares of Starbucks to an “outperform” rating in a research note on Monday, August 3rd. One equities 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 assigned a Sell rating to the company. According to data from MarketBeat, Starbucks has an average rating of “Hold” and an average target price of $110.30.

Starbucks Price Performance

SBUX opened at $107.85 on Friday. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51. The business has a 50-day moving average of $105.10 and a two-hundred day moving average of $100.78. The stock has a market capitalization of $122.95 billion, a price-to-earnings ratio of 61.98, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97.

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, 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 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 firm posted $0.50 EPS. The company’s 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 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. Shareholders of record on Friday, August 14th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is 142.53%.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were 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 position. The sale was disclosed in a filing 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 quarter, insiders have sold 6,687 shares of company stock valued at $681,663. 0.03% of the stock is owned by company insiders.

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.