Starbucks Corporation $SBUX Shares Sold by Moore Capital Management LP

Moore Capital Management LP decreased its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 40.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,105 shares of the coffee company’s stock after selling 11,081 shares during the quarter. Moore Capital Management LP’s holdings in Starbucks were worth $1,646,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Starbucks in the second quarter worth $8,504,509,000. Bank of America Corp DE acquired a new stake in shares of Starbucks during the second quarter worth $1,581,287,000. Norges Bank purchased a new stake in shares of Starbucks in the fourth quarter valued at $1,232,650,000. T. Rowe Price Investment Management Inc. grew its position in shares of Starbucks by 65.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after purchasing an additional 7,725,547 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Starbucks in the second quarter valued at $779,790,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wells Fargo & Company cut Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Sanford C. Bernstein cut shares of Starbucks from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. Needham & Company LLC set a $120.00 target price on shares of Starbucks in a report on Tuesday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starbucks in a research report on Monday, July 20th. Finally, Citigroup increased their price target on shares of Starbucks from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has an average rating of “Hold” and a consensus price target of $110.30.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $106.25 on Tuesday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The stock’s 50-day simple moving average is $105.22 and its 200-day simple moving average is $100.86. The firm has a market cap of $121.12 billion, a price-to-earnings ratio of 61.06, a PEG ratio of 1.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. 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 was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 14th. Starbucks’s payout ratio is currently 142.53%.

Insider Buying and Selling

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the transaction, the chief executive officer owned 75,135 shares in the company, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their position. The sale 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 90 days, insiders sold 6,687 shares of company stock worth $681,663. Company insiders own 0.03% of the company’s stock.

Starbucks 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.