iA Global Asset Management Inc. Raises Stock Holdings in Starbucks Corporation $SBUX

iA Global Asset Management Inc. raised its stake in Starbucks Corporation (NASDAQ:SBUX) by 78.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 244,127 shares of the coffee company’s stock after buying an additional 107,386 shares during the quarter. iA Global Asset Management Inc.’s holdings in Starbucks were worth $24,947,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of research reports. Sanford C. Bernstein cut Starbucks from an “outperform” rating to a “market perform” rating in a research note on Monday, August 3rd. Needham & Company LLC set a $120.00 target price on Starbucks in a report on Tuesday. Wedbush initiated coverage on Starbucks in a research report on Thursday, May 14th. They set an “outperform” rating on the stock. UBS Group raised their target price on shares of Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Stephens started coverage on Starbucks in a report on Thursday, May 14th. They set an “overweight” rating for the company. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Hold” and an average price target of $110.30.

Starbucks Stock Performance

Shares of SBUX stock opened at $106.01 on Wednesday. The stock’s 50-day moving average is $104.21 and its two-hundred day moving average is $100.15. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The firm has a market cap of $120.85 billion, a price-to-earnings ratio of 60.93, a PEG ratio of 1.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating 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 negative return on equity of 34.10% and a net margin of 5.17%.The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, research analysts predict that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks’s payout ratio is currently 142.53%.

Insider Buying and Selling 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 transaction of $236,251.71. Following the transaction, the chief executive officer directly owned 75,135 shares in the company, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock valued at $681,663 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

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.