Coastal Bridge Advisors LLC Makes New Investment in Starbucks Corporation $SBUX

Coastal Bridge Advisors LLC purchased a new position in shares of Starbucks Corporation (NASDAQ:SBUX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,232 shares of the coffee company’s stock, valued at approximately $739,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SBUX. Capital World Investors lifted its holdings in Starbucks by 9.0% during the 4th quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after buying an additional 7,007,268 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Starbucks in the 2nd quarter valued at about $8,504,509,000. State Street Corp raised its position in shares of Starbucks by 0.7% during the 4th quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock worth $4,031,053,000 after acquiring an additional 327,161 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Starbucks by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock worth $2,212,153,000 after acquiring an additional 225,168 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Starbucks by 65.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock worth $1,637,704,000 after purchasing an additional 7,725,547 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the transaction, the chief executive officer owned 75,135 shares of the company’s stock, valued at $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,687 shares of company stock worth $681,663 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Starbucks Trading Up 0.6%

Shares of SBUX opened at $107.85 on Friday. The firm has a market cap of $122.95 billion, a PE ratio of 61.98, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97. The company’s 50 day simple moving average is $105.10 and its 200-day simple moving average is $100.78. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51.

Starbucks (NASDAQ:SBUX) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts forecast that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 14th. Starbucks’s dividend payout ratio is presently 142.53%.

Analyst Ratings Changes

SBUX has been the topic of several recent analyst reports. 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. Weiss Ratings restated a “hold (c)” rating on shares of Starbucks in a research report on Monday, July 20th. UBS Group upped their target price on shares of Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Sanford C. Bernstein downgraded shares of Starbucks from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. Finally, Wedbush began coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Starbucks currently has a consensus rating of “Hold” and an average target price 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.