Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 108,150 Shares of Starbucks Corporation $SBUX

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 59.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 291,045 shares of the coffee company’s stock after purchasing an additional 108,150 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Starbucks were worth $26,075,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Rachor Investment Advisory Services LLC bought a new stake in Starbucks during the 4th quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. Phillip James Consulting Co. bought a new stake in Starbucks during the fourth quarter worth about $25,000. Entrust Financial LLC bought a new stake in Starbucks during the fourth quarter worth about $26,000. Finally, Tucker Asset Management LLC acquired a new position in Starbucks during the fourth quarter valued at approximately $27,000. Institutional investors own 72.29% of the company’s stock.

Insider Activity

In other Starbucks news, CEO Brady Brewer sold 588 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the sale, the chief executive officer directly owned 79,593 shares in the company, valued at $7,959,300. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the executive vice president directly owned 57,653 shares in the company, valued at approximately $6,053,565. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,687 shares of company stock valued at $863,707 in the last ninety days. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. UBS Group cut Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Stifel Nicolaus set a $117.00 price target on shares of Starbucks and gave the stock a “buy” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group lowered shares of Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. BTIG Research downgraded shares of Starbucks from a “buy” rating to a “neutral” rating in a research note on Thursday, May 14th. Finally, DA Davidson raised their price target on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $108.92.

Starbucks Price Performance

Starbucks stock opened at $104.27 on Friday. The stock’s fifty day moving average price is $101.97 and its two-hundred day moving average price is $96.45. Starbucks Corporation has a one year low of $77.99 and a one year high of $108.88. The firm has a market cap of $118.84 billion, a PE ratio of 78.99, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts expect that Starbucks Corporation will post 2.4 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s payout ratio is 187.88%.

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.