Raiffeisen Bank International AG Acquires 7,274 Shares of Starbucks Corporation $SBUX

Raiffeisen Bank International AG raised its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 26.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,675 shares of the coffee company’s stock after purchasing an additional 7,274 shares during the period. Raiffeisen Bank International AG’s holdings in Starbucks were worth $3,608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SBUX. Cornerstone Financial Management LLC acquired a new stake in Starbucks in the 4th quarter valued at approximately $25,000. Phillip James Consulting Co. bought a new position in Starbucks in the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in shares of Starbucks during the second quarter worth approximately $25,000. Entrust Financial LLC bought a new stake in shares of Starbucks in the fourth quarter valued at approximately $26,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Starbucks in the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

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

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, sell-side analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SBUX. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $126.00 price objective on shares of Starbucks in a report on Thursday, July 30th. Robert W. Baird raised Starbucks to a “strong-buy” rating in a research report on Monday, August 24th. The Goldman Sachs Group lowered Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. DA Davidson raised their price objective on Starbucks from $102.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, Scotiabank lowered Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $110.30.

Insider Transactions at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on 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 owned 75,135 shares of the company’s stock, valued at $7,963,558.65. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing 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 sold a total of 5,046 shares of company stock worth $526,868 in the last quarter. 0.03% of the stock is currently owned by company insiders.

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.