Mirae Asset Global Investments Co. Ltd. Acquires 109,894 Shares of Starbucks Corporation $SBUX

Mirae Asset Global Investments Co. Ltd. raised its holdings in Starbucks Corporation (NASDAQ:SBUX) by 16.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 796,256 shares of the coffee company’s stock after acquiring an additional 109,894 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Starbucks were worth $81,369,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SBUX shares. Citigroup upped their price objective on Starbucks from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the company a “buy” rating in a research note on Wednesday, May 6th. Evercore restated an “outperform” rating on shares of Starbucks in a report on Thursday, July 30th. Wedbush initiated coverage on shares of Starbucks in a research report on Thursday, May 14th. They set an “outperform” rating on the stock. Finally, BTIG Research reiterated a “buy” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, July 31st. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $109.92.

Starbucks Trading Up 0.1%

Shares of NASDAQ SBUX opened at $108.55 on Friday. The company has a market capitalization of $123.75 billion, a P/E ratio of 62.39, a P/E/G ratio of 1.87 and a beta of 0.97. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51. The stock has a 50 day moving average of $103.53 and a 200-day moving average of $99.91.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter last year, the firm posted $0.50 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Analysts predict that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

Insider Activity at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $7,963,558.65. This represents a 2.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,687 shares of company stock worth $681,663. Insiders own 0.03% of the company’s stock.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Strong U.S. performance supports the rally. Starbucks reportedly delivered 8% U.S. comparable-store sales growth, while quarterly earnings and revenue exceeded analyst expectations. Analysts subsequently raised price targets as high as $130, reinforcing expectations that the company’s turnaround and operating initiatives are gaining traction. Starbucks (SBUX) Stock Reaches 52-Week Peak Following Strong Q3 Performance
• Positive Sentiment: Options activity signals bullish positioning. Investors purchased 40,915 SBUX call options, 59% above the average daily call volume of 25,712. Although options activity can include hedging, the elevated call buying suggests increased speculative interest in further gains.
• Positive Sentiment: Technical momentum remains favorable. Starbucks reached fresh 52-week highs, and chart analysts say the stock is approaching the upper end of a multiyear trading range, potentially creating room for a breakout if momentum continues. Starbucks is close to the top of its multiyear range
• Neutral Sentiment: Energy drinks offer a potential growth avenue. Starbucks is among restaurant chains expanding into energy drinks, which could broaden its beverage lineup and attract new occasions, but the financial impact is not yet clear. Why fast food chains are going all in on energy drinks
• Negative Sentiment: Starbucks Korea reported its first quarterly loss in 27 years. A marketing controversy led to a boycott, political criticism and a police raid, highlighting reputational and execution risks in an important international market. Starbucks Korea Suffers First Loss in 27 Years on PR Debacle

About Starbucks

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.