Starbucks Corporation $SBUX Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. boosted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 22.6% in the first quarter, HoldingsChannel reports. The firm owned 29,006 shares of the coffee company’s stock after purchasing an additional 5,356 shares during the period. Meeder Advisory Services Inc.’s holdings in Starbucks were worth $2,599,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Starbucks by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock valued at $9,634,523,000 after purchasing an additional 971,773 shares in the last quarter. Capital World Investors grew its position in shares of Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after buying an additional 7,007,268 shares in the last quarter. State Street Corp grew its position in shares of Starbucks by 0.7% during the fourth 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of Starbucks by 0.9% in 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 buying an additional 225,168 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Starbucks by 65.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after acquiring an additional 7,725,547 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several recent analyst reports. Citigroup reissued a “neutral” rating and set a $108.00 price objective (up from $101.00) on shares of Starbucks in a report on Tuesday, July 14th. Morgan Stanley restated an “overweight” rating and issued a $111.00 target price (up from $110.00) on shares of Starbucks in a research note on Wednesday, July 15th. Stephens began coverage on shares of Starbucks in a research report on Thursday, May 14th. They set an “overweight” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Starbucks in a research note on Wednesday, April 29th. Finally, UBS Group lowered Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. Nineteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.42.

Insider Buying and Selling

In related news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00. Following the completion of the transaction, the chief executive officer directly owned 77,364 shares in the company, valued at $8,045,856. This represents a 2.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the sale, the executive vice president directly owned 57,653 shares in the company, valued at $6,053,565. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,687 shares of company stock valued at $889,033 in the last 90 days. Insiders own 0.03% of the company’s stock.

Starbucks Stock Performance

NASDAQ SBUX opened at $104.81 on Tuesday. Starbucks Corporation has a one year low of $77.99 and a one year high of $109.23. The company has a 50-day simple moving average of $102.54 and a 200-day simple moving average of $98.06. The firm has a market capitalization of $119.45 billion, a PE ratio of 79.40, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The firm had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter last year, the company posted $0.41 earnings per share. Starbucks’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities analysts forecast that Starbucks Corporation will post 2.4 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is 187.88%.

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.