RB Capital Management LLC Makes New $5.17 Million Investment in Starbucks Corporation $SBUX

RB Capital Management LLC bought a new stake in Starbucks Corporation (NASDAQ:SBUX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 50,605 shares of the coffee company’s stock, valued at approximately $5,171,000. Starbucks accounts for about 1.0% of RB Capital Management LLC’s portfolio, making the stock its 26th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Starbucks during the second quarter worth about $8,504,509,000. Bank of America Corp DE purchased a new stake in shares of Starbucks during the 2nd quarter valued at about $1,581,287,000. Norges Bank acquired a new position in Starbucks during the 4th quarter worth approximately $1,232,650,000. T. Rowe Price Investment Management Inc. boosted its holdings in Starbucks by 65.9% in the 4th 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 acquiring an additional 7,725,547 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Starbucks in the second quarter valued at approximately $779,790,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Up 0.6%

SBUX stock opened at $107.85 on Friday. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $110.51. The company has a market capitalization of $122.95 billion, a P/E ratio of 61.98, a PEG ratio of 1.85 and a beta of 0.97. The firm has a 50 day simple moving average of $105.10 and a 200-day simple moving average of $100.78.

Starbucks (NASDAQ:SBUX) last posted 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 net margin of 5.17% and a negative return on equity of 34.10%. The firm had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the prior year, the company posted $0.50 earnings per share. The firm’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. On average, research analysts predict that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid 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 was Friday, August 14th. Starbucks’s dividend payout ratio is 142.53%.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated Wednesday, August 5th. The shares were 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 approximately $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 SEC, which is accessible through this hyperlink. 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 over the last quarter. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SBUX shares. Melius Research set a $110.00 target price on shares of Starbucks in a research note on Monday, August 3rd. UBS Group boosted their price objective on shares of Starbucks from $105.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. BMO Capital Markets reissued an “outperform” rating and issued a $130.00 price objective on shares of Starbucks in a research report on Thursday, July 30th. Scotiabank downgraded Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. Finally, Wells Fargo & Company lowered Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Starbucks currently has an average rating of “Hold” and an average price target of $110.30.

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.