MGO One Seven LLC Sells 15,930 Shares of Starbucks Corporation $SBUX

MGO One Seven LLC decreased its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 32.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,713 shares of the coffee company’s stock after selling 15,930 shares during the quarter. MGO One Seven LLC’s holdings in Starbucks were worth $3,445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Starbucks in the fourth quarter valued at about $1,232,650,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Starbucks by 65.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after purchasing an additional 7,725,547 shares in the last quarter. Capital World Investors grew its holdings in shares of Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after purchasing an additional 7,007,268 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Starbucks by 146.6% during the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock worth $553,201,000 after purchasing an additional 3,596,014 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Starbucks by 483.8% in the second quarter. Assenagon Asset Management S.A. now owns 3,182,890 shares of the coffee company’s stock valued at $325,260,000 after buying an additional 2,637,715 shares during the period. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

SBUX has been the subject of a number of research reports. UBS Group raised their price objective on shares of Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Evercore reissued an “outperform” rating on shares of Starbucks in a report on Thursday, July 30th. Jefferies Financial Group started coverage on shares of Starbucks in a research note on Thursday, May 14th. They set a “buy” rating for the company. Guggenheim began coverage on shares of Starbucks in a report on Monday, August 3rd. They set a “buy” rating on the stock. Finally, Wedbush began coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued an “outperform” rating on the stock. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Starbucks presently has a consensus rating of “Hold” and an average price target of $110.30.

Starbucks Price Performance

Shares of SBUX stock opened at $104.98 on Thursday. The business’s 50 day simple moving average is $104.33 and its 200 day simple moving average is $100.23. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The stock has a market capitalization of $119.68 billion, a PE ratio of 60.33, a PEG ratio of 1.83 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same quarter last year, the business earned $0.50 EPS. The company’s 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, research analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

Insiders Place Their Bets

In related 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 value of $236,251.71. Following the transaction, the chief executive officer owned 75,135 shares in the company, valued at $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 worth $681,663 over the last ninety days. 0.03% of the stock is owned by company 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.