Starbucks Corporation $SBUX Shares Purchased by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan boosted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 6.4% in the second quarter, HoldingsChannel.com reports. The fund owned 337,323 shares of the coffee company’s stock after purchasing an additional 20,378 shares during the period. Nissay Asset Management Corp Japan’s holdings in Starbucks were worth $34,471,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Capital World Investors boosted its stake in shares of Starbucks by 9.0% in the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after purchasing an additional 7,007,268 shares during the period. BlackRock Inc. purchased a new stake in Starbucks during the 2nd quarter worth approximately $8,504,509,000. State Street Corp increased its stake in Starbucks by 0.7% during the 4th quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock worth $4,031,053,000 after buying an additional 327,161 shares during the period. Geode Capital Management LLC lifted its holdings in Starbucks by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock worth $2,212,153,000 after buying an additional 225,168 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Starbucks by 65.9% during 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 buying an additional 7,725,547 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Robert W. Baird raised shares of Starbucks to a “strong-buy” rating in a research report on Monday, August 24th. Raymond James Financial lowered Starbucks to an “outperform” rating in a research report on Monday, August 3rd. TD Cowen reiterated a “buy” rating on shares of Starbucks in a research note on Tuesday, August 18th. Morgan Stanley lowered Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Finally, Compass Point assumed coverage on Starbucks in a research note on Monday, August 3rd. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Hold” and a consensus price target of $110.30.

Insider Activity at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the business’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 completion of the transaction, the chief executive officer owned 75,135 shares in the company, valued at approximately $7,963,558.65. The trade was 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 the SEC website. 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 in the last three months. Insiders own 0.03% of the company’s stock.

Starbucks Stock Up 0.6%

Shares of NASDAQ:SBUX opened at $107.85 on Friday. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51. The firm’s 50 day moving average price is $105.10 and its 200 day moving average price is $100.78. The stock has a market cap of $122.95 billion, a price-to-earnings ratio of 61.98, a price-to-earnings-growth ratio of 1.85 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 EPS for the quarter, topping 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 company had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the previous year, the business posted $0.50 EPS. The firm’s 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, equities analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Announces Dividend

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

Starbucks 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.