Maverick Capital Ltd. Purchases Shares of 8,126 Starbucks Corporation $SBUX

Maverick Capital Ltd. purchased a new position in shares of Starbucks Corporation (NASDAQ:SBUX) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,126 shares of the coffee company’s stock, valued at approximately $728,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Starbucks in the fourth quarter valued at about $1,232,650,000. T. Rowe Price Investment Management Inc. boosted its position in 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 valued at $1,637,704,000 after purchasing an additional 7,725,547 shares during the last quarter. Capital World Investors grew its stake in 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 in the last quarter. Corient Private Wealth LLC grew its stake in Starbucks by 146.6% in the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after purchasing an additional 3,596,014 shares in the last quarter. Finally, Amundi increased its position in shares of Starbucks by 57.1% during the 4th quarter. Amundi now owns 4,532,627 shares of the coffee company’s stock worth $381,693,000 after purchasing an additional 1,647,292 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of SBUX opened at $103.10 on Wednesday. The firm has a market capitalization of $117.50 billion, a PE ratio of 78.11, a PEG ratio of 2.06 and a beta of 0.98. The company’s 50-day moving average is $102.20 and its 200-day moving average is $98.81. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $109.23.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. Starbucks’s revenue was up 8.8% compared to the same quarter last year. Analysts predict that Starbucks Corporation will post 2.41 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 14th. Starbucks’s payout ratio is currently 187.88%.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Analysts expect earnings per share of approximately $0.65, representing improvement from the year-ago period. Evidence that the turnaround is improving traffic, customer experience, or store execution could support the stock. Starbucks Q3 earnings preview
• Positive Sentiment: Recent commentary says the “Back to Starbucks” strategy is showing signs of resonating with customers, while the company’s combination of mobile ordering, drive-through service, and in-store ordering may be strengthening the customer proposition. Starbucks dividend and turnaround
• Neutral Sentiment: The options market is pricing in an approximately 5.51% post-earnings move, signaling elevated volatility but not its direction. Investors should expect a potentially significant reaction to the earnings release and guidance. Starbucks options-implied earnings move
• Negative Sentiment: Wall Street expects third-quarter revenue of roughly $9.12 billion, down about 3.6% year over year. The combination of declining sales and a sharply higher valuation raises the risk of disappointment if comparable-store sales or the outlook fall short. Starbucks stock ahead of Q3 earnings
• Negative Sentiment: Investors are also questioning whether Starbucks can maintain its dividend while funding the turnaround. Thin dividend coverage and continued weak growth could limit upside despite generally constructive analyst opinions. Starbucks dividend coverage
• Negative Sentiment: Starbucks reportedly scrapped an AI-powered inventory-counting tool developed with NomadGo. The decision is unlikely to be a major earnings driver, but it raises questions about execution and the pace of technology adoption. Starbucks AI inventory tool report

Insider Activity

In other news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $104.00, for a total value of $231,816.00. Following the transaction, the chief executive officer owned 77,364 shares of the company’s stock, valued at approximately $8,045,856. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,687 shares of company stock worth $679,033 in the last three months. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SBUX shares. The Goldman Sachs Group cut Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. boosted their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $111.00 price target (up from $110.00) on shares of Starbucks in a research report on Wednesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Starbucks in a research report on Wednesday, April 29th. Nineteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and an average price target of $109.42.

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.