Daiwa Securities Group Inc. Purchases 15,181 Shares of Starbucks Corporation $SBUX

Daiwa Securities Group Inc. grew its position in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 5.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 289,111 shares of the coffee company’s stock after buying an additional 15,181 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Starbucks were worth $24,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SBUX. Brighton Jones LLC lifted its position in shares of Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after buying an additional 81,952 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Starbucks by 47.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after buying an additional 1,164 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Starbucks during the 2nd quarter worth approximately $288,000. Gamco Investors INC. ET AL lifted its position in shares of Starbucks by 92.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock worth $479,000 after buying an additional 2,515 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Starbucks by 7.6% during the 2nd quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock worth $10,328,000 after buying an additional 7,978 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

Starbucks Trading Up 1.2%

NASDAQ:SBUX opened at $95.29 on Friday. The stock has a market capitalization of $108.60 billion, a PE ratio of 72.19, a price-to-earnings-growth ratio of 1.86 and a beta of 0.98. The firm’s 50 day moving average is $99.24 and its 200 day moving average is $94.10. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $108.88.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 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 company had revenue of $9.53 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Research analysts predict that Starbucks Corporation will post 2.42 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a yield of 2.6%. Starbucks’s payout ratio is presently 187.88%.

Insiders Place Their Bets

In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the executive vice president owned 57,653 shares of the company’s stock, valued at $6,053,565. The trade was a 3.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total transaction of $233,621.49. Following the sale, the chief executive officer directly owned 81,559 shares in the company, valued at $8,548,198.79. The trade was a 2.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,046 shares of company stock worth $708,911 in the last three months. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of research reports. Tigress Financial initiated coverage on shares of Starbucks in a report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target on the stock. Royal Bank Of Canada cut shares of Starbucks from a “sector perform” rating to a “positive” rating in a report on Thursday, May 14th. Wedbush initiated coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “outperform” rating on the stock. Zacks Research raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Finally, Citigroup lifted their price target on shares of Starbucks from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.48.

View Our Latest Stock Analysis on SBUX

About Starbucks

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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