Old Mission Investment Co LLC Takes Position in Starbucks Corporation $SBUX

Old Mission Investment Co LLC acquired a new stake in shares of Starbucks Corporation (NASDAQ:SBUX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,327 shares of the coffee company’s stock, valued at approximately $1,668,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBUX. Highland Investment Advisors LLC purchased a new position in shares of Starbucks during the 2nd quarter worth $38,000. Oakmont Investment Advisors Inc. purchased a new position in Starbucks during the second quarter worth about $473,000. Raiffeisen Bank International AG lifted its position in Starbucks by 26.5% during the second quarter. Raiffeisen Bank International AG now owns 34,675 shares of the coffee company’s stock worth $3,608,000 after buying an additional 7,274 shares during the period. Tudor Financial Inc. boosted its stake in Starbucks by 229.7% in the 2nd quarter. Tudor Financial Inc. now owns 2,954 shares of the coffee company’s stock worth $302,000 after buying an additional 2,058 shares during the last quarter. Finally, Syon Capital LLC grew its holdings in Starbucks by 21.1% in the 2nd quarter. Syon Capital LLC now owns 19,904 shares of the coffee company’s stock valued at $2,034,000 after buying an additional 3,471 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Performance

Shares of SBUX opened at $104.47 on Friday. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The stock has a 50-day moving average price of $105.43 and a 200 day moving average price of $101.08. The company has a market capitalization of $119.10 billion, a P/E ratio of 60.04, a P/E/G ratio of 1.83 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating the consensus estimate 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%.The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts forecast that Starbucks Corporation will post 2.64 earnings per share 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 issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SBUX. Robert W. Baird upgraded shares of Starbucks to a “strong-buy” rating in a report on Monday, August 24th. Needham & Company LLC set a $120.00 price objective on shares of Starbucks in a research note on Tuesday, August 18th. Compass Point initiated coverage on Starbucks in a research report on Monday, August 3rd. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $126.00 price target on shares of Starbucks in a research report on Thursday, July 30th. Finally, Raymond James Financial lowered Starbucks to an “outperform” rating in a research note on Monday, August 3rd. One research 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 given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $110.30.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 5,046 shares of company stock valued at $526,868. 0.03% of the stock is currently owned by 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.