6,004 Shares in Starbucks Corporation $SBUX Acquired by Ratan Capital Management LP

Ratan Capital Management LP acquired a new stake in Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,004 shares of the coffee company’s stock, valued at approximately $614,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBUX. Meeder Asset Management Inc. acquired a new stake in Starbucks in the second quarter valued at $25,000. Black Cypress Capital Management LLC acquired a new stake in shares of Starbucks in the second quarter valued at approximately $27,000. Phillip James Consulting Co. purchased a new position in shares of Starbucks during the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Starbucks during the 4th quarter worth approximately $25,000. Finally, Entrust Financial LLC acquired a new position in shares of Starbucks during the 4th quarter worth approximately $26,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Performance

SBUX stock opened at $107.85 on Friday. The stock has a market capitalization of $122.95 billion, a P/E ratio of 61.98, a PEG ratio of 1.85 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 company has a 50 day moving average price of $105.10 and a two-hundred day moving average price of $100.78.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results 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 company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The business’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. Research analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks’s dividend payout ratio is 142.53%.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value 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. The trade was a 2.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,687 shares of company stock valued at $681,663. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Needham & Company LLC set a $120.00 target price on Starbucks in a research note on Tuesday, August 18th. Jefferies Financial Group assumed coverage on Starbucks in a research report on Thursday, May 14th. They set a “buy” rating for the company. TD Cowen restated a “buy” rating on shares of Starbucks in a research report on Tuesday, August 18th. UBS Group increased their price objective on Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, Robert W. Baird upgraded Starbucks to a “strong-buy” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Starbucks has a consensus rating of “Hold” and a consensus price target of $110.30.

About Starbucks

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.