Trans Canada Capital Inc. Makes New $25.02 Million Investment in Starbucks Corporation $SBUX

Trans Canada Capital Inc. acquired a new stake in shares of Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 244,855 shares of the coffee company’s stock, valued at approximately $25,022,000. Starbucks accounts for 1.4% of Trans Canada Capital Inc.’s portfolio, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SBUX. Sunbelt Securities Inc. lifted its position in Starbucks by 1.0% during the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock valued at $849,000 after purchasing an additional 97 shares during the period. Webster Bank N. A. grew its position in Starbucks by 7.8% during the 2nd quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock worth $143,000 after purchasing an additional 101 shares during the period. Nilsine Partners LLC raised its stake in shares of Starbucks by 1.0% during the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock valued at $1,026,000 after buying an additional 101 shares during the last quarter. Beta Wealth Group Inc. raised its stake in shares of Starbucks by 1.7% during the 2nd quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock valued at $635,000 after buying an additional 102 shares during the last quarter. Finally, Elgethun Capital Management lifted its holdings in shares of Starbucks by 9.4% in the 2nd quarter. Elgethun Capital Management now owns 1,219 shares of the coffee company’s stock valued at $125,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks 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 sale, the chief executive officer owned 75,135 shares in the company, valued at $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,046 shares of company stock worth $526,868 over the last quarter. Company insiders own 0.03% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX stock opened at $104.47 on Monday. The company has a market capitalization of $119.10 billion, a P/E ratio of 60.04, a P/E/G ratio of 1.80 and a beta of 0.97. The business’s 50 day moving average is $105.43 and its two-hundred day moving average is $101.14. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51.

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

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.62 per share. The ex-dividend date was Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.4%. Starbucks’s dividend payout ratio is currently 142.53%.

Analysts Set New Price Targets

A number of analysts have recently commented on SBUX shares. DA Davidson upped their target price on Starbucks from $102.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Citigroup boosted their price target on Starbucks from $108.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Royal Bank Of Canada restated a “sector perform” rating and issued a $115.00 price objective (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. The Goldman Sachs Group cut shares of Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Finally, Stephens initiated coverage on shares of Starbucks in a report on Thursday, May 14th. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Starbucks currently has an average rating of “Hold” and a consensus price target of $110.30.

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.