Swiss Life Asset Management Ltd Has $61.28 Million Stock Holdings in Starbucks Corporation $SBUX

Swiss Life Asset Management Ltd increased its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 9.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 599,663 shares of the coffee company’s stock after acquiring an additional 51,953 shares during the period. Swiss Life Asset Management Ltd’s holdings in Starbucks were worth $61,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SBUX. Brighton Jones LLC raised its stake in shares of Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after purchasing an additional 81,952 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Starbucks by 47.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock valued at $334,000 after buying an additional 1,164 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Starbucks in the 2nd quarter valued at approximately $288,000. Gamco Investors INC. ET AL raised its position in Starbucks by 92.8% during the second quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock valued at $479,000 after acquiring an additional 2,515 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Starbucks by 7.6% in the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock valued at $10,328,000 after acquiring an additional 7,978 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Stifel Nicolaus set a $117.00 price target on shares of Starbucks and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. BTIG Research reissued a “buy” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, July 31st. Evercore restated an “outperform” rating on shares of Starbucks in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $126.00 price target on shares of Starbucks in a research report on Thursday, July 30th. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $109.92.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the sale, the chief executive officer owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is currently owned by company insiders.

Starbucks Stock Up 0.2%

SBUX opened at $107.92 on Tuesday. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51. The stock’s 50 day moving average price is $104.04 and its two-hundred day moving average price is $100.08. The firm has a market capitalization of $123.03 billion, a P/E ratio of 62.02, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97.

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

Starbucks Dividend Announcement

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

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.