MGO One Seven LLC Sells 15,930 Shares of Starbucks Corporation $SBUX

MGO One Seven LLC cut its holdings in Starbucks Corporation (NASDAQ:SBUX) by 32.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 33,713 shares of the coffee company’s stock after selling 15,930 shares during the quarter. MGO One Seven LLC’s holdings in Starbucks were worth $3,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SBUX. Natural Investments LLC grew its position in shares of Starbucks by 26.9% during the 2nd quarter. Natural Investments LLC now owns 9,532 shares of the coffee company’s stock worth $974,000 after buying an additional 2,023 shares during the period. Payden & Rygel acquired a new position in shares of Starbucks during the 2nd quarter valued at $343,000. New Republic Capital LLC boosted its stake in Starbucks by 20.7% during the second quarter. New Republic Capital LLC now owns 4,707 shares of the coffee company’s stock worth $481,000 after acquiring an additional 807 shares in the last quarter. Brendel Financial Advisors LLC bought a new position in Starbucks during the second quarter worth $204,000. Finally, Daiwa Securities Group Inc. grew its holdings in Starbucks by 6.2% in the second quarter. Daiwa Securities Group Inc. now owns 324,620 shares of the coffee company’s stock worth $33,173,000 after purchasing an additional 18,861 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Guggenheim started coverage on shares of Starbucks in a research report on Monday, August 3rd. They set a “buy” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Starbucks in a research note on Monday, July 20th. Jefferies Financial Group initiated coverage on Starbucks in a research report on Thursday, May 14th. They issued a “buy” rating for the company. Finally, Needham & Company LLC set a $120.00 price target on Starbucks in a research note on Tuesday. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $110.30.

Starbucks Trading Down 1.0%

SBUX opened at $104.98 on Thursday. The company’s fifty day moving average price is $104.33 and its two-hundred day moving average price is $100.23. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51. The company has a market cap of $119.68 billion, a price-to-earnings ratio of 60.33, a PEG ratio of 1.83 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. The firm had revenue of $9.32 billion for 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 quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is presently 142.53%.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated 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 transaction, the chief executive officer owned 75,135 shares in the company, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 worth $681,663. 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.