Livforsakringsbolaget Skandia Omsesidigt Acquires New Position in Starbucks Corporation $SBUX

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Starbucks Corporation (NASDAQ:SBUX) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 7,121 shares of the coffee company’s stock, valued at approximately $727,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. increased its stake in Starbucks by 94.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock worth $7,938,000 after acquiring an additional 45,794 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in shares of Starbucks by 20.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company’s stock worth $43,655,000 after purchasing an additional 87,926 shares during the period. Norges Bank acquired a new position in shares of Starbucks in the 4th quarter valued at about $1,232,650,000. Brighton Jones LLC grew its holdings in shares of Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after purchasing an additional 81,952 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Starbucks during the 2nd quarter worth about $61,404,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stephens initiated coverage on shares of Starbucks in a research report on Thursday, May 14th. They issued an “overweight” rating for the company. TD Cowen reaffirmed a “buy” rating on shares of Starbucks in a research report on Tuesday, August 18th. BTIG Research reiterated a “buy” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, July 31st. Wells Fargo & Company lowered Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $110.30.

Insiders Place Their Bets

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks 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 transaction, the chief executive officer 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 document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 6,687 shares of company stock valued at $681,663. 0.03% of the stock is currently owned by corporate insiders.

Starbucks Stock Up 0.6%

SBUX stock opened at $107.85 on Friday. The firm’s 50-day simple moving average is $105.10 and its 200 day simple moving average is $100.78. The stock has a market cap of $122.95 billion, a PE ratio of 61.98, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51.

Starbucks (NASDAQ:SBUX) last posted 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 during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts forecast that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm 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 yield of 2.3%. The ex-dividend date of this dividend was Friday, August 14th. Starbucks’s dividend payout ratio is presently 142.53%.

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.