Czech National Bank Increases Stake in Starbucks Corporation $SBUX

Czech National Bank boosted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 324,402 shares of the coffee company’s stock after buying an additional 14,119 shares during the period. Czech National Bank’s holdings in Starbucks were worth $33,151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oak Thistle LLC acquired a new stake in Starbucks in the fourth quarter valued at approximately $1,149,000. Wealth Enhancement Trust Services Inc. acquired a new stake in shares of Starbucks in the 4th quarter valued at $875,000. Third View Private Wealth LLC purchased a new stake in shares of Starbucks during the 4th quarter worth $3,135,000. B. Metzler seel. Sohn & Co. AG lifted its position in shares of Starbucks by 36.4% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 88,374 shares of the coffee company’s stock worth $7,442,000 after purchasing an additional 23,589 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its stake in shares of Starbucks by 94.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock worth $7,938,000 after purchasing an additional 45,794 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In other Starbucks 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 transaction of $236,251.71. Following the transaction, the chief executive officer directly 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 SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is owned by corporate insiders.

Starbucks Stock Down 0.8%

SBUX opened at $105.16 on Friday. The firm has a market cap of $119.88 billion, a price-to-earnings ratio of 60.44, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $109.23. The business’s 50 day moving average is $102.47 and its two-hundred day moving average is $99.51.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.19. The business 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 company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.62 per share. The ex-dividend date is 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%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SBUX shares. UBS Group raised their price target on Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Morgan Stanley downgraded Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday. Stifel Nicolaus set a $117.00 price target on Starbucks and gave the company a “buy” rating in a report on Wednesday, May 6th. BTIG Research reissued a “buy” rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, July 31st. Finally, Wedbush initiated coverage on shares of Starbucks in a research report on Thursday, May 14th. They set an “outperform” rating for the company. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $111.96.

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.