181,097 Shares in Starbucks Corporation $SBUX Acquired by Bank of Nova Scotia

Bank of Nova Scotia acquired a new stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 181,097 shares of the coffee company's stock, valued at approximately $18,506,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Rachor Investment Advisory Services LLC bought a new stake in Starbucks in the fourth quarter valued at $25,000. Cornerstone Financial Management LLC bought a new position in shares of Starbucks during the fourth quarter worth about $25,000. Phillip James Consulting Co. bought a new position in shares of Starbucks during the fourth quarter worth about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Starbucks in the 2nd quarter worth about $25,000. Finally, Entrust Financial LLC acquired a new stake in shares of Starbucks in the 4th quarter worth about $26,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Seasonal promotions are supporting the turnaround. Starbucks launched its fall menu and Pumpkin Spice Latte season, while the limited-time Unicorn Frappuccino reportedly generated the company’s highest sales weekend on record and lifted traffic 28.5% above a typical Saturday. New offerings, including the Blueberry Matcha Daily Fiber Bar, are also intended to drive visits and strengthen the “Back to Starbucks” strategy. Starbucks Unicorn Frappuccino drives biggest sales weekend ever
• Positive Sentiment: Analyst sentiment remains constructive. Baird initiated coverage with an Outperform rating and a $124 price target, implying additional upside based on expectations for improved traffic, margin recovery and continued execution of the turnaround. Starbucks has also reported better-than-expected recent earnings and maintained fiscal 2026 EPS guidance of $2.55–$2.65. Baird sees upside for Starbucks
• Neutral Sentiment: Corporate restructuring continues. Starbucks plans to eliminate more than 200 Seattle-area corporate positions and shift some roles to Nashville. The cuts could reduce costs and streamline operations, but they also highlight ongoing execution challenges and may create transition or morale risks. Starbucks is cutting more than 200 jobs
• Negative Sentiment: Labor conflict is the main near-term overhang. Starbucks Workers United is urging more than 12,000 unionized baristas and customers to boycott the chain during the Pumpkin Spice Latte launch until management reaches a contract agreement. The financial impact depends on participation, but a sustained boycott could undermine the traffic gains investors are watching and add reputational and labor costs. Starbucks union calls for boycott

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $105.76 on Wednesday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The firm has a market cap of $120.57 billion, a P/E ratio of 60.78, a PEG ratio of 1.86 and a beta of 0.97. The stock has a fifty day moving average price of $104.65 and a two-hundred day moving average price of $100.59.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating 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 prior year, the company earned $0.50 EPS. Starbucks'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, research analysts predict that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks's dividend payout ratio is currently 142.53%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Needham & Company LLC set a $120.00 target price on shares of Starbucks in a research report on Tuesday, August 18th. Guggenheim began coverage on Starbucks in a report on Monday, August 3rd. They set a "buy" rating on the stock. DA Davidson boosted 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. UBS Group increased their price objective on Starbucks from $105.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Finally, Sanford C. Bernstein cut Starbucks from an "outperform" rating to a "market perform" rating in a research report on Monday, August 3rd. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $110.30.

Insider Buying and Selling

In related news, CEO Brady Brewer sold 2,229 shares of the firm's 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock worth $681,663 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Starbucks Company 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.

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