New Mexico Educational Retirement Board Raises Position in Starbucks Corporation $SBUX

New Mexico Educational Retirement Board boosted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,598 shares of the coffee company’s stock after purchasing an additional 4,700 shares during the period. New Mexico Educational Retirement Board’s holdings in Starbucks were worth $5,784,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Starbucks in the second quarter worth about $25,000. Black Cypress Capital Management LLC purchased a new stake in Starbucks during the 2nd quarter valued at about $27,000. Phillip James Consulting Co. purchased a new stake in Starbucks during the 4th quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new position in Starbucks during the 4th quarter worth approximately $25,000. Finally, Entrust Financial LLC bought a new position in Starbucks during the 4th quarter worth approximately $26,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SBUX has been the topic of a number of analyst reports. Evercore reaffirmed an “outperform” rating on shares of Starbucks in a research note on Thursday, July 30th. Royal Bank Of Canada restated a “sector perform” rating and issued a $115.00 target price (up from $110.00) on shares of Starbucks in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $126.00 target price on shares of Starbucks in a research note on Thursday, July 30th. Melius Research set a $110.00 price target on shares of Starbucks in a report on Monday, August 3rd. Finally, Wells Fargo & Company cut shares of Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. One equities research 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $110.30.

Starbucks Price Performance

SBUX opened at $107.85 on Friday. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The business has a 50 day simple moving average of $105.10 and a two-hundred day simple moving average of $100.78. The firm has a market capitalization of $122.95 billion, a price-to-earnings ratio of 61.98, a PEG ratio of 1.85 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period last year, the company earned $0.50 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, sell-side analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is presently 142.53%.

Insiders Place Their Bets

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 transaction, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at approximately $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 can be accessed 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 quarter. Insiders own 0.03% of the company’s stock.

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.