Livforsakringsbolaget Skandia Omsesidigt Makes New $727,000 Investment in Starbucks Corporation $SBUX

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,121 shares of the coffee company’s stock, valued at approximately $727,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Starbucks during the second quarter worth approximately $8,504,509,000. Bank of America Corp DE purchased a new stake in shares of Starbucks during the 2nd quarter worth approximately $1,581,287,000. Norges Bank acquired a new position in shares of Starbucks in the 4th quarter valued at $1,232,650,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Starbucks by 65.9% in the 4th 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 buying an additional 7,725,547 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Starbucks in the 2nd quarter valued at $779,790,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Starbucks in a research report on Thursday, May 14th. They issued a “buy” rating for the company. Scotiabank lowered Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a research report on Monday, July 20th. Stephens initiated coverage on Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating for the company. Finally, Zacks Research cut Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $110.30.

Starbucks Stock Performance

NASDAQ SBUX opened at $107.85 on Friday. The firm has a market cap of $122.95 billion, a PE ratio of 61.98, a P/E/G ratio of 1.86 and a beta of 0.97. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The firm’s fifty day moving average is $105.10 and its two-hundred day moving average is $100.78.

Starbucks (NASDAQ:SBUX) last announced 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. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Research analysts predict that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued 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 dividend yield of 2.3%. Starbucks’s payout ratio is presently 142.53%.

Insider Activity

In other news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the sale, the chief executive officer owned 75,135 shares in the company, valued at $7,963,558.65. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 valued at $681,663 over 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.