Ratan Capital Management LP Purchases Shares of 6,004 Starbucks Corporation $SBUX

Ratan Capital Management LP acquired a new stake in shares of Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,004 shares of the coffee company’s stock, valued at approximately $614,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Starbucks in the second quarter valued at $8,504,509,000. Bank of America Corp DE acquired a new stake in Starbucks during the second quarter worth about $1,581,287,000. Norges Bank acquired a new stake in Starbucks during the fourth quarter worth about $1,232,650,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Starbucks by 65.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock worth $1,637,704,000 after purchasing an additional 7,725,547 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Starbucks in the 2nd quarter worth about $779,790,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

SBUX stock opened at $107.85 on Friday. The firm has a market cap of $122.95 billion, a P/E ratio of 61.98, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The stock has a 50-day simple moving average of $105.10 and a 200-day simple moving average of $100.78.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping the consensus estimate 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 negative return on equity of 34.10% and a net margin of 5.17%.Starbucks’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, equities research analysts predict that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SBUX shares. Morgan Stanley cut Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Jefferies Financial Group began coverage on shares of Starbucks in a research report on Thursday, May 14th. They set a “buy” rating on the stock. Stephens started coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an “overweight” rating for the company. TD Cowen reissued a “buy” rating on shares of Starbucks in a research report on Tuesday, August 18th. Finally, Zacks Research downgraded shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Starbucks presently has an average rating of “Hold” and an average target price of $110.30.

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 2,229 shares of the firm’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 approximately $7,963,558.65. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is currently 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.