Raiffeisen Bank International AG Boosts Stake in Starbucks Corporation $SBUX

Raiffeisen Bank International AG raised its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 26.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,675 shares of the coffee company’s stock after purchasing an additional 7,274 shares during the quarter. Raiffeisen Bank International AG’s holdings in Starbucks were worth $3,608,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its stake in Starbucks by 1.0% during the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock worth $849,000 after purchasing an additional 97 shares during the last quarter. Webster Bank N. A. increased its stake in Starbucks by 7.8% during the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock valued at $143,000 after purchasing an additional 101 shares during the last quarter. Nilsine Partners LLC raised its holdings in shares of Starbucks by 1.0% during the second quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock worth $1,026,000 after purchasing an additional 101 shares during the period. Beta Wealth Group Inc. lifted its position in shares of Starbucks by 1.7% in the 2nd quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock worth $635,000 after buying an additional 102 shares during the last quarter. Finally, Elgethun Capital Management lifted its position in shares of Starbucks by 9.4% in the 2nd quarter. Elgethun Capital Management now owns 1,219 shares of the coffee company’s stock worth $125,000 after buying an additional 105 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BNP Paribas Exane lifted their target price on Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research note on Thursday, July 30th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $115.00 price target (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. Sanford C. Bernstein downgraded Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. The Goldman Sachs Group lowered Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Finally, Raymond James Financial downgraded Starbucks to an “outperform” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $110.30.

Insider Activity at Starbucks

In other Starbucks 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 sale, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at $7,963,558.65. The trade was a 2.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 5,046 shares of company stock valued at $526,868. 0.03% of the stock is currently owned by corporate insiders.

Starbucks Price Performance

NASDAQ SBUX opened at $104.47 on Friday. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51. The firm has a market capitalization of $119.10 billion, a PE ratio of 60.04, a P/E/G ratio of 1.83 and a beta of 0.97. The company’s 50 day simple moving average is $105.43 and its 200 day simple moving average is $101.08.

Starbucks (NASDAQ:SBUX) last issued 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. The firm had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. Starbucks’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period 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 anticipate that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks’s payout ratio is currently 142.53%.

About Starbucks

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.