Y Intercept Hong Kong Ltd Invests $8.72 Million in Starbucks Corporation $SBUX

Y Intercept Hong Kong Ltd bought a new stake in shares of Starbucks Corporation (NASDAQ:SBUX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 97,374 shares of the coffee company’s stock, valued at approximately $8,724,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rachor Investment Advisory Services LLC acquired a new position in Starbucks during the fourth quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. Phillip James Consulting Co. acquired a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. Entrust Financial LLC purchased a new stake in shares of Starbucks during the fourth quarter worth about $26,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Starbucks during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SBUX. Evercore raised their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Stephens assumed coverage on Starbucks in a research report on Thursday, May 14th. They issued an “overweight” rating on the stock. Jefferies Financial Group began coverage on Starbucks in a research report on Thursday, May 14th. They set a “buy” rating for the company. Dbs Bank raised Starbucks from a “strong sell” rating to a “moderate sell” rating in a research note on Friday, March 20th. Finally, DA Davidson raised their price objective on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Nineteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and an average price target of $108.92.

Starbucks Price Performance

SBUX stock opened at $104.27 on Friday. The business has a 50 day simple moving average of $101.97 and a 200-day simple moving average of $96.45. The firm has a market capitalization of $118.84 billion, a PE ratio of 78.99, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities research analysts expect that Starbucks Corporation will post 2.4 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, August 14th. Starbucks’s payout ratio is currently 187.88%.

Insider Activity

In other news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, the executive vice president owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. The trade was a 3.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the sale, the chief executive officer owned 81,559 shares of the company’s stock, valued at approximately $8,548,198.79. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 8,687 shares of company stock worth $863,707. Corporate insiders own 0.03% of the company’s stock.

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.