175,141 Shares in Starbucks Corporation $SBUX Bought by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in shares of Starbucks Corporation (NASDAQ:SBUX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 175,141 shares of the coffee company’s stock, valued at approximately $17,898,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Starbucks during the 2nd quarter worth about $25,000. Black Cypress Capital Management LLC acquired a new position in Starbucks during the second quarter valued at approximately $27,000. Phillip James Consulting Co. acquired a new position in Starbucks during the fourth quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new stake in Starbucks during the fourth quarter worth approximately $25,000. Finally, Entrust Financial LLC acquired a new stake in shares of Starbucks in the fourth quarter worth $26,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Raymond James Financial downgraded shares of Starbucks to an “outperform” rating in a research note on Monday, August 3rd. BNP Paribas Exane raised their price objective on Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research report on Thursday, July 30th. Stifel Nicolaus set a $117.00 price objective on Starbucks and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Jefferies Financial Group started coverage on Starbucks in a research note on Thursday, May 14th. They issued a “buy” rating for the company. Finally, Scotiabank downgraded Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $110.30.

Starbucks Price Performance

Shares of SBUX stock opened at $107.85 on Friday. The company’s fifty day moving average price is $105.10 and its two-hundred day moving average price is $100.78. The firm has a market capitalization of $122.95 billion, a P/E ratio of 61.98, a P/E/G ratio of 1.85 and a beta of 0.97. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the firm earned $0.50 earnings per share. The company’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, sell-side analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is presently 142.53%.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total value of $236,251.71. Following the sale, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at $7,963,558.65. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 three months. 0.03% of the stock is currently owned by insiders.

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.