E. Ohman J or Asset Management AB Boosts Stock Holdings in Starbucks Corporation $SBUX

E. Ohman J or Asset Management AB increased its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 17.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,114 shares of the coffee company’s stock after acquiring an additional 5,400 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Starbucks were worth $3,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC bought a new stake in shares of Starbucks in the fourth quarter worth about $25,000. Cornerstone Financial Management LLC bought a new position in shares of Starbucks during the fourth quarter valued at approximately $25,000. Phillip James Consulting Co. purchased a new stake in Starbucks in the fourth quarter worth $25,000. Entrust Financial LLC purchased a new stake in Starbucks in the fourth quarter worth $26,000. Finally, Kelleher Financial Advisors bought a new stake in Starbucks in the third quarter valued at $27,000. Institutional investors own 72.29% of the company’s stock.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 75,135 shares in the company, valued at $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock valued at $681,663 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SBUX. Raymond James Financial lowered shares of Starbucks to an “outperform” rating in a report on Monday, August 3rd. Evercore reaffirmed an “outperform” rating on shares of Starbucks in a research note on Thursday, July 30th. BNP Paribas Exane boosted their price target on shares of Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research report on Thursday, July 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $115.00 price target (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. Finally, Stifel Nicolaus set a $117.00 price objective on shares of Starbucks and gave the stock a “buy” rating in a report on Wednesday, May 6th. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.96.

Starbucks Stock Performance

SBUX stock opened at $104.65 on Tuesday. The firm has a 50 day moving average price of $102.76 and a 200-day moving average price of $99.67. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $109.23. The firm has a market capitalization of $119.30 billion, a price-to-earnings ratio of 60.14, a PEG ratio of 1.82 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the prior year, the business posted $0.50 EPS. The firm’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, sell-side analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio 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.