PensionDanmark Pensionsforsikringsaktieselskab Boosts Stock Position in Starbucks Corporation $SBUX

PensionDanmark Pensionsforsikringsaktieselskab increased its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 10.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 150,052 shares of the coffee company’s stock after acquiring an additional 13,600 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Starbucks were worth $15,334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks during the 4th quarter valued at about $25,000. Cornerstone Financial Management LLC purchased a new position in Starbucks during the fourth quarter worth about $25,000. Phillip James Consulting Co. acquired a new position in Starbucks in the 4th quarter valued at about $25,000. Entrust Financial LLC acquired a new position in Starbucks in the 4th quarter valued at about $26,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $27,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Trading Up 0.4%

SBUX stock opened at $105.58 on Friday. The company has a market capitalization of $120.36 billion, a PE ratio of 60.68, a P/E/G ratio of 1.81 and a beta of 0.97. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $109.23. The business’s fifty day moving average price is $102.60 and its 200 day moving average price is $99.55.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. The company 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%.Starbucks’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Research analysts predict that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio is currently 142.53%.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 valued at $681,663 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

SBUX has been the topic of several analyst reports. Evercore reaffirmed an “outperform” rating on shares of Starbucks in a research report on Thursday, July 30th. Guggenheim initiated coverage on Starbucks in a research report on Monday. They issued a “buy” rating for the company. Piper Sandler reissued an “overweight” rating and set a $110.00 target price on shares of Starbucks in a research note on Wednesday, April 29th. UBS Group lifted their target price on Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, Tigress Financial initiated coverage on Starbucks in a research note on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target on the stock. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Starbucks has an average rating of “Hold” and an average price target of $111.96.

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.