Old Mission Investment Co LLC Invests $1.67 Million in Starbucks Corporation $SBUX

Old Mission Investment Co LLC purchased a new position in Starbucks Corporation (NASDAQ:SBUX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,327 shares of the coffee company’s stock, valued at approximately $1,668,000.

A number of other large investors also recently modified their holdings of the company. Cornerstone Financial Management LLC purchased a new position in shares of Starbucks in the 4th quarter valued at about $25,000. Phillip James Consulting Co. purchased a new position in Starbucks in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in Starbucks during the second quarter worth approximately $25,000. Entrust Financial LLC purchased a new stake in shares of Starbucks during the 4th quarter worth approximately $26,000. Finally, Kelleher Financial Advisors purchased a new position in shares of Starbucks in the 3rd quarter valued at $27,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the firm’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 completion of the transaction, the chief executive officer directly 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 transaction 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. Over the last 90 days, insiders have sold 5,046 shares of company stock valued at $526,868. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SBUX. Robert W. Baird upgraded Starbucks to a “strong-buy” rating in a research report on Monday, August 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price (up from $110.00) on shares of Starbucks in a report on Thursday, July 30th. Stephens initiated coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an “overweight” rating for the company. Raymond James Financial lowered shares of Starbucks to an “outperform” rating in a research note on Monday, August 3rd. Finally, Needham & Company LLC set a $120.00 price target on Starbucks in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $110.30.

Starbucks Stock Performance

NASDAQ:SBUX opened at $104.47 on Friday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The stock has a market capitalization of $119.10 billion, a price-to-earnings ratio of 60.04, a PEG ratio of 1.83 and a beta of 0.97. The stock has a fifty day moving average price of $105.43 and a two-hundred day moving average price of $101.08.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data 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 firm had revenue of $9.32 billion during 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 business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, analysts predict that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid 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 of this dividend was Friday, August 14th. Starbucks’s payout ratio is 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.