Lantz Financial LLC Has $1.51 Million Stake in Starbucks Corporation $SBUX

Lantz Financial LLC boosted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 346.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,833 shares of the coffee company’s stock after purchasing an additional 13,840 shares during the quarter. Lantz Financial LLC’s holdings in Starbucks were worth $1,509,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SBUX. Norges Bank bought a new stake in shares of Starbucks in the second quarter worth about $1,246,316,000. Corient Private Wealth LLC grew its position in shares of Starbucks by 146.6% in 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 period. Invesco Ltd. grew its position in shares of Starbucks by 11.2% in the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock valued at $1,169,011,000 after purchasing an additional 1,286,451 shares during the period. California Public Employees Retirement System increased 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 worth $277,439,000 after purchasing an additional 1,225,447 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Starbucks by 22.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,578,977 shares of the coffee company’s stock worth $511,202,000 after buying an additional 1,026,056 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 3.5%

Shares of SBUX stock opened at $99.45 on Friday. The firm’s fifty day moving average price is $89.04 and its two-hundred day moving average price is $87.18. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46. The firm has a market capitalization of $113.30 billion, a P/E ratio of 82.19, a PEG ratio of 2.22 and a beta of 0.96.

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

Starbucks Announces Dividend

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

Insider Activity

In related news, Director Jorgen Vig Knudstorp acquired 11,700 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $85.00 per share, with a total value of $994,500.00. Following the acquisition, the director owned 53,096 shares in the company, valued at $4,513,160. This represents a 28.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SBUX has been the subject of several research analyst reports. Susquehanna set a $114.00 price target on shares of Starbucks in a report on Wednesday, January 21st. UBS Group reaffirmed a “neutral” rating on shares of Starbucks in a research report on Friday, January 30th. Citigroup reduced their target price on shares of Starbucks from $94.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Bank of America lifted their price target on Starbucks from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Finally, Evercore restated an “outperform” rating on shares of Starbucks in a report on Wednesday, January 28th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and a consensus price target 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.