Flputnam Investment Management Co. Makes New Investment in Starbucks Corporation $SBUX

Flputnam Investment Management Co. bought a new position in Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 64,260 shares of the coffee company’s stock, valued at approximately $6,567,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new position in Starbucks during the fourth quarter worth about $25,000. Phillip James Consulting Co. purchased a new stake in Starbucks in the 4th quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new stake in Starbucks in the 2nd quarter valued at approximately $25,000. Entrust Financial LLC acquired a new position in Starbucks during the 4th quarter worth approximately $26,000. Finally, Tucker Asset Management LLC purchased a new position in shares of Starbucks during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks 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 transaction, the chief executive officer directly owned 75,135 shares in the company, valued at $7,963,558.65. The trade was a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 6,687 shares of company stock worth $681,663. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SBUX. Stephens initiated coverage on Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. BTIG Research reiterated a “buy” rating and issued a $115.00 price objective on shares of Starbucks in a research report on Friday, July 31st. Scotiabank downgraded Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Finally, BMO Capital Markets restated an “outperform” rating and set a $130.00 target price on shares of Starbucks in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $110.30.

Starbucks Stock Performance

SBUX opened at $107.85 on Friday. The business’s fifty day moving average is $105.10 and its two-hundred day moving average is $100.78. The company has a market cap of $122.95 billion, a price-to-earnings ratio of 61.98, a PEG 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.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, analysts predict that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Dividend Announcement

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

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.