Nissay Asset Management Corp Japan Purchases 20,378 Shares of Starbucks Corporation $SBUX

Nissay Asset Management Corp Japan raised its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,323 shares of the coffee company’s stock after acquiring an additional 20,378 shares during the period. Nissay Asset Management Corp Japan’s holdings in Starbucks were worth $34,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in Starbucks during the second quarter valued at $8,504,509,000. Bank of America Corp DE purchased a new stake in shares of Starbucks during the 2nd quarter valued at about $1,581,287,000. Norges Bank purchased a new stake in shares of Starbucks during the 4th quarter valued at about $1,232,650,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Starbucks by 65.9% in the 4th 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 acquiring an additional 7,725,547 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Starbucks in the 2nd quarter valued at about $779,790,000. 72.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 value of $236,251.71. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 6,687 shares of company stock worth $681,663. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Jefferies Financial Group began coverage on Starbucks in a report on Thursday, May 14th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. TD Cowen reaffirmed a “buy” rating on shares of Starbucks in a research note on Tuesday, August 18th. Guggenheim assumed coverage on shares of Starbucks in a research report on Monday, August 3rd. They set a “buy” rating for the company. Finally, UBS Group increased their price objective on Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $110.30.

Starbucks Stock Performance

SBUX stock opened at $107.85 on Friday. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The firm’s 50 day moving average price is $105.10 and its 200-day moving average price is $100.78. The firm has a market cap of $122.95 billion, a PE ratio of 61.98, a PEG ratio of 1.85 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the prior year, the business posted $0.50 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities research analysts predict that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 14th. Starbucks’s dividend payout ratio is currently 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.