Oregon Public Employees Retirement Fund Grows Holdings in Starbucks Corporation $SBUX

Oregon Public Employees Retirement Fund grew its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 7.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 140,118 shares of the coffee company’s stock after purchasing an additional 9,700 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Starbucks were worth $14,319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SBUX. Norges Bank purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $1,232,650,000. T. Rowe Price Investment Management Inc. grew its stake in Starbucks by 65.9% in 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 acquiring an additional 7,725,547 shares during the period. Capital World Investors grew its stake in Starbucks by 9.0% in the 4th quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after acquiring an additional 7,007,268 shares during the period. Corient Private Wealth LLC raised its holdings in Starbucks by 146.6% in the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after acquiring an additional 3,596,014 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Starbucks by 483.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,182,890 shares of the coffee company’s stock valued at $325,260,000 after acquiring an additional 2,637,715 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SBUX has been the topic of several analyst reports. Evercore restated an “outperform” rating on shares of Starbucks in a report on Thursday, July 30th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $115.00 target price (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. Scotiabank downgraded Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. Sanford C. Bernstein cut Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. Finally, TD Cowen began coverage on shares of Starbucks in a research note on Thursday, July 30th. They set a “buy” rating and a $120.00 price objective for the company. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $109.92.

Starbucks Trading Up 0.2%

Shares of SBUX opened at $107.92 on Tuesday. The firm has a market capitalization of $123.03 billion, a P/E ratio of 62.02, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. The stock’s fifty day simple moving average is $104.04 and its 200 day simple moving average is $100.08. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $110.51.

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

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio is 142.53%.

Insider Buying and Selling

In related news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the sale, the chief executive officer directly owned 75,135 shares in the company, valued at approximately $7,963,558.65. This represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 valued at $681,663 in the last 90 days. Company insiders own 0.03% of the company’s stock.

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.