Jupiter Topco LLC Buys Shares of 136,391 Starbucks Corporation $SBUX

Jupiter Topco LLC bought a new position in Starbucks Corporation (NASDAQ:SBUX) during the 2nd quarter, HoldingsChannel reports. The firm bought 136,391 shares of the coffee company’s stock, valued at approximately $13,934,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors increased its position in shares of Starbucks by 9.0% in the 4th quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after buying an additional 7,007,268 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Starbucks in the second quarter worth about $8,504,509,000. State Street Corp increased its holdings in shares of Starbucks by 0.7% in the fourth 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 fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock worth $2,212,153,000 after purchasing an additional 225,168 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of 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 period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wedbush began coverage on Starbucks in a research report on Thursday, May 14th. They issued an “outperform” rating for the company. Raymond James Financial downgraded shares of Starbucks to an “outperform” rating in a report on Monday, August 3rd. BTIG Research reiterated a “buy” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, July 31st. Morgan Stanley downgraded shares of Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $110.30.

Starbucks Stock Performance

Shares of Starbucks stock opened at $107.85 on Friday. The firm has a market cap of $122.95 billion, a PE ratio of 61.98, a P/E/G ratio of 1.86 and a beta of 0.97. The business’s 50 day simple moving average is $105.10 and its 200 day simple moving average is $100.78. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts predict that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 valued at $681,663 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

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.