Wellington Management Group LLP Boosts Stock Position in Starbucks Corporation $SBUX

Wellington Management Group LLP increased its holdings in Starbucks Corporation (NASDAQ:SBUX) by 27.1% during the 2nd quarter, Holdings Channel reports. The firm owned 5,059,540 shares of the coffee company’s stock after buying an additional 1,077,415 shares during the period. Wellington Management Group LLP’s holdings in Starbucks were worth $517,034,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors lifted its holdings in Starbucks by 9.0% in the 4th quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after buying an additional 7,007,268 shares during the period. BlackRock Inc. purchased a new position in shares of Starbucks during the second quarter valued at approximately $8,504,509,000. State Street Corp raised its holdings in shares of Starbucks by 0.7% during the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock valued at $4,031,053,000 after acquiring an additional 327,161 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Starbucks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock valued at $2,212,153,000 after acquiring an additional 225,168 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Starbucks by 65.9% in 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 acquiring an additional 7,725,547 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX opened at $107.85 on Friday. The stock has a market cap of $122.95 billion, a PE ratio of 61.98, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51. The firm’s 50-day simple moving average is $105.10 and its two-hundred day simple moving average is $100.78.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, beating 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 period last year, the business earned $0.50 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities research analysts predict that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on SBUX. UBS Group upped their price objective on shares of Starbucks from $105.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Scotiabank lowered shares of Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 price target on shares of Starbucks in a research report on Thursday, July 30th. Stifel Nicolaus set a $117.00 target price on Starbucks and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Sanford C. Bernstein lowered Starbucks from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Starbucks has an average rating of “Hold” and an average price target of $110.30.

Insider Transactions 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 stock was 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. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,687 shares of company stock worth $681,663 in the last three months. 0.03% of the stock is currently owned by 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.