64,260 Shares in Starbucks Corporation $SBUX Acquired by Flputnam Investment Management Co.

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

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in Starbucks in the second quarter valued at $25,000. Black Cypress Capital Management LLC purchased a new position in shares of Starbucks in the 2nd quarter valued at about $27,000. Phillip James Consulting Co. acquired a new stake in shares of Starbucks during the 4th quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new stake in Starbucks during the fourth quarter worth approximately $25,000. Finally, Entrust Financial LLC acquired a new position in Starbucks in the fourth quarter valued at approximately $26,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the 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 directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is owned by corporate insiders.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $107.85 on Friday. The stock has a market cap of $122.95 billion, a P/E ratio of 61.98, a P/E/G ratio of 1.86 and a beta of 0.97. The firm has a fifty day moving average price of $105.10 and a 200 day moving average price of $100.78. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51.

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

Starbucks Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on SBUX. Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the company a “buy” rating in a research report on Wednesday, May 6th. BMO Capital Markets restated an “outperform” rating and issued a $130.00 price objective on shares of Starbucks in a research note on Thursday, July 30th. Robert W. Baird raised Starbucks to a “strong-buy” rating in a report on Monday, August 24th. Scotiabank cut Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. Finally, DA Davidson boosted their target price on Starbucks from $102.00 to $110.00 and gave the company a “neutral” rating in a 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 company. Based on data from MarketBeat.com, Starbucks presently has a consensus rating of “Hold” and an average target price of $110.30.

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.