Diamond Hill Capital Management Inc. Grows Stock Holdings in Starbucks Corporation $SBUX

Diamond Hill Capital Management Inc. grew its holdings in Starbucks Corporation (NASDAQ:SBUX) by 1.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,998,343 shares of the coffee company’s stock after buying an additional 43,745 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Starbucks were worth $253,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new position in Starbucks during the second quarter worth $1,246,316,000. Corient Private Wealth LLC grew its holdings in Starbucks by 146.6% during the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after purchasing an additional 3,596,014 shares during the last quarter. Invesco Ltd. raised its position in Starbucks by 11.2% in 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 period. California Public Employees Retirement System lifted its stake in Starbucks by 68.0% in the second quarter. California Public Employees Retirement System now owns 3,027,814 shares of the coffee company’s stock worth $277,439,000 after purchasing an additional 1,225,447 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Starbucks by 22.5% during the second 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 period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jorgen Vig Knudstorp acquired 11,700 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were purchased at an average price of $85.00 per share, with a total value of $994,500.00. Following the transaction, the director directly owned 53,096 shares in the company, valued at approximately $4,513,160. This represents a 28.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Starbucks Trading Up 3.5%

Shares of Starbucks stock opened at $99.45 on Friday. The stock’s fifty day moving average price is $89.04 and its 200-day moving average price is $87.18. The firm has a market cap of $113.30 billion, a P/E ratio of 82.19, a P/E/G ratio of 2.22 and a beta of 0.96. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its 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). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The business had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, February 13th. Starbucks’s payout ratio is 204.96%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Guggenheim reiterated a “buy” rating and issued a $90.00 price target on shares of Starbucks in a report on Monday, January 26th. New Street Research set a $90.00 target price on Starbucks in a research note on Tuesday, January 27th. TD Cowen reiterated a “hold” rating and set a $89.00 target price (up from $84.00) on shares of Starbucks in a research report on Friday, January 30th. Susquehanna set a $114.00 price target on shares of Starbucks in a report on Wednesday, January 21st. Finally, Evercore reaffirmed an “outperform” rating on shares of Starbucks in a research note on Wednesday, January 28th. 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 stock. According to MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and an average target price of $104.67.

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.