Starbucks Corporation $SBUX Shares Acquired by Saudi Central Bank

Saudi Central Bank lifted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 90.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 79,751 shares of the coffee company’s stock after purchasing an additional 37,779 shares during the period. Saudi Central Bank’s holdings in Starbucks were worth $8,150,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SBUX. Jefferies Financial Group Inc. grew its position in shares of Starbucks by 94.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock valued at $7,938,000 after purchasing an additional 45,794 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in Starbucks by 20.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company’s stock worth $43,655,000 after buying an additional 87,926 shares in the last quarter. Norges Bank acquired a new position in Starbucks during the fourth quarter worth $1,232,650,000. The Manufacturers Life Insurance Company acquired a new position in Starbucks during the second quarter worth $61,404,000. Finally, Brighton Jones LLC grew its holdings in Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after buying an additional 81,952 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Evercore reaffirmed an “outperform” rating on shares of Starbucks in a research note on Thursday, July 30th. TD Cowen reissued a “buy” rating on shares of Starbucks in a report on Tuesday, August 18th. Morgan Stanley cut shares of Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Jefferies Financial Group started coverage on shares of Starbucks in a report on Thursday, May 14th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company cut shares of Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Starbucks has an average rating of “Hold” and a consensus price target of $110.30.

Starbucks Stock Down 1.3%

Shares of Starbucks stock opened at $104.47 on Friday. The firm has a market cap of $119.10 billion, a PE ratio of 60.04, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The business’s fifty day simple moving average is $105.43 and its 200-day simple moving average is $101.08.

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

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.62 per share. The ex-dividend date was Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

Insider Activity

In other news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total value of $236,251.71. Following the sale, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 5,046 shares of company stock valued at $526,868. 0.03% of the stock is currently owned by 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.