Bessemer Group Inc. Buys 9,269 Shares of Starbucks Corporation $SBUX

Bessemer Group Inc. boosted its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 15.9% in the third quarter, Holdings Channel reports. The firm owned 67,553 shares of the coffee company’s stock after acquiring an additional 9,269 shares during the period. Bessemer Group Inc.’s holdings in Starbucks were worth $5,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Starbucks during the 2nd quarter worth $1,246,316,000. Corient Private Wealth LLC increased its stake in shares of Starbucks by 146.6% in the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock worth $553,201,000 after purchasing an additional 3,596,014 shares during the period. Invesco Ltd. lifted its position in shares of Starbucks by 11.2% during the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock worth $1,169,011,000 after purchasing an additional 1,286,451 shares during the last quarter. California Public Employees Retirement System boosted its stake in Starbucks by 68.0% during the 2nd quarter. California Public Employees Retirement System now owns 3,027,814 shares of the coffee company’s stock valued at $277,439,000 after purchasing an additional 1,225,447 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Starbucks by 22.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,578,977 shares of the coffee company’s stock valued at $511,202,000 after buying an additional 1,026,056 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $99.45 on Friday. The company’s fifty day moving average is $89.04 and its 200-day moving average is $87.18. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46. The company has a market capitalization of $113.30 billion, a PE ratio of 82.19, a P/E/G ratio of 2.22 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). The firm had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, analysts forecast that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, February 13th. This represents a $2.48 dividend on an annualized basis and a yield of 2.5%. Starbucks’s dividend payout ratio is 204.96%.

Insider Buying and Selling

In other Starbucks news, Director Jorgen Vig Knudstorp purchased 11,700 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average cost of $85.00 per share, with a total value of $994,500.00. Following the acquisition, the director directly owned 53,096 shares of the company’s stock, valued at approximately $4,513,160. This trade represents a 28.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SBUX has been the topic of several research analyst reports. BTIG Research restated a “buy” rating and issued a $105.00 price objective on shares of Starbucks in a research note on Thursday, January 29th. Evercore reissued an “outperform” rating on shares of Starbucks in a report on Wednesday, January 28th. Zacks Research raised Starbucks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Starbucks in a report on Monday, December 29th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $104.67.

Starbucks 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.