TD Waterhouse Canada Inc. Raises Stock Position in Starbucks Corporation $SBUX

TD Waterhouse Canada Inc. grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.4% in the second quarter, Holdings Channel.com reports. The fund owned 170,573 shares of the coffee company’s stock after purchasing an additional 7,167 shares during the period. TD Waterhouse Canada Inc.’s holdings in Starbucks were worth $17,642,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wealth Enhancement Trust Services Inc. purchased a new stake in Starbucks during the fourth quarter worth $875,000. B. Metzler seel. Sohn & Co. AG increased its position in shares of Starbucks by 36.4% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 88,374 shares of the coffee company’s stock valued at $7,442,000 after buying an additional 23,589 shares in the last quarter. Jefferies Financial Group Inc. increased its position in shares of Starbucks by 94.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock valued at $7,938,000 after buying an additional 45,794 shares in the last quarter. Swiss Life Asset Management Ltd raised its stake in shares of Starbucks by 20.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company’s stock worth $43,655,000 after buying an additional 87,926 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Starbucks in the 4th quarter worth about $1,232,650,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $107.69 on Monday. The company has a market cap of $122.77 billion, a P/E ratio of 61.89, a P/E/G ratio of 1.86 and a beta of 0.97. The business has a fifty day simple moving average of $103.78 and a 200-day simple moving average of $99.99. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping 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 firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Sell-side analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio is presently 142.53%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SBUX shares. Scotiabank downgraded shares of Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Jefferies Financial Group assumed coverage on shares of Starbucks in a report on Thursday, May 14th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $126.00 price target on shares of Starbucks in a research report on Thursday, July 30th. Melius Research set a $110.00 price objective on shares of Starbucks in a research note on Monday, August 3rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, July 31st. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Hold” and an average price target of $109.92.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction that occurred 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 approximately $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock valued at $681,663 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

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.