California State Teachers Retirement System Has $18.31 Billion Stake in Starbucks Corporation $SBUX

California State Teachers Retirement System raised its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 10,101.1% during the second quarter, HoldingsChannel.com reports. The fund owned 179,138,252 shares of the coffee company’s stock after buying an additional 177,382,188 shares during the quarter. California State Teachers Retirement System owned 0.16% of Starbucks worth $18,306,138,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Jefferies Financial Group Inc. grew its stake in shares of Starbucks by 94.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock valued at $7,938,000 after buying an additional 45,794 shares during the period. Swiss Life Asset Management Ltd raised its stake in Starbucks by 20.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company’s stock worth $43,655,000 after buying an additional 87,926 shares during the period. Norges Bank bought a new position in Starbucks in the fourth quarter worth approximately $1,232,650,000. The Manufacturers Life Insurance Company acquired a new stake in Starbucks in the second quarter valued at approximately $61,404,000. Finally, Brighton Jones LLC grew its stake in Starbucks by 86.5% in the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after acquiring an additional 81,952 shares during the period. 72.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Starbucks

In related 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 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. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,046 shares of company stock worth $526,868 over the last 90 days. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SBUX. Wells Fargo & Company lowered Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Citigroup lifted their price target on shares of Starbucks from $108.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Wedbush began coverage on shares of Starbucks in a report on Thursday, May 14th. They set an “outperform” rating on the stock. The Goldman Sachs Group lowered shares of Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Finally, Jefferies Financial Group began coverage on shares of Starbucks in a report on Thursday, May 14th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $110.30.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $104.47 on Tuesday. The business’s 50 day moving average is $105.44 and its 200 day moving average is $101.20. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51. The stock has a market cap of $119.10 billion, a price-to-earnings ratio of 60.04, a PEG ratio of 1.80 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly 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 business had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.Starbucks’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is presently 142.53%.

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.