1ST Source Bank Invests $3.34 Million in Starbucks Corporation $SBUX

1ST Source Bank acquired a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 32,644 shares of the coffee company's stock, valued at approximately $3,336,000.

Several other institutional investors and hedge funds have also made changes to their positions in SBUX. B. Metzler seel. Sohn & Co. AG grew its holdings in Starbucks by 36.4% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 88,374 shares of the coffee company's stock valued at $7,442,000 after purchasing an additional 23,589 shares during the period. Jefferies Financial Group Inc. lifted its position in Starbucks by 94.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company's stock worth $7,938,000 after acquiring an additional 45,794 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in Starbucks by 20.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company's stock worth $43,655,000 after acquiring an additional 87,926 shares in the last quarter. Norges Bank purchased a new position in Starbucks in the 4th quarter worth approximately $1,232,650,000. Finally, Brighton Jones LLC grew its holdings in Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock valued at $16,126,000 after purchasing an additional 81,952 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks is eliminating more than 200 corporate positions as part of a broader restructuring and approximately $2 billion cost-reduction effort. Lower overhead could support profitability if the company maintains service levels and directs more resources toward its stores. The reductions do not involve cafe closures. Starbucks trims corporate ranks as coffeehouse investments deliver
• Positive Sentiment: Recent market commentary highlights Starbucks’ roughly 25% 2026 gain and suggests investors are rewarding its operational reset and investments in the cafe experience. The rally follows the company’s latest quarterly earnings beat, with adjusted EPS of $0.85 versus a $0.66 consensus estimate and revenue above expectations.
• Neutral Sentiment: The restructuring is relocating some corporate operations to a new, approximately $100 million Nashville office. Around 120 Seattle employees reportedly declined the move, while another 104 roles in store design and construction are being eliminated. Management characterizes the actions as part of the restructuring winding down, but the savings and impact on execution remain to be demonstrated. Starbucks cuts another 224 Seattle jobs
• Negative Sentiment: Starbucks continues to face challenges in China, where domestic competitors, shifting consumer preferences and geopolitical tensions are eroding the position of major U.S. brands. China weakness could limit international growth and pressure comparable sales. Why some of America’s biggest brands are losing ground in China
• Negative Sentiment: The stock’s strong performance has also produced a demanding valuation, with the supplied data showing a P/E ratio above 60. Investors may require sustained earnings growth from the turnaround to justify the premium, leaving SBUX vulnerable to disappointment.

Starbucks Stock Performance

NASDAQ SBUX opened at $107.08 on Friday. The stock has a 50-day simple moving average of $104.45 and a 200 day simple moving average of $100.36. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $110.51. The stock has a market capitalization of $122.07 billion, a PE ratio of 61.54, a P/E/G ratio of 1.79 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analysts' expectations of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.Starbucks's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts forecast that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Dividend Announcement

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

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the company's 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 sale, the chief executive officer directly owned 75,135 shares in the company, valued at approximately $7,963,558.65. This represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SBUX shares. Robert W. Baird set a $124.00 target price on Starbucks in a research note on Thursday, July 30th. Jefferies Financial Group initiated coverage on shares of Starbucks in a research report on Thursday, May 14th. They set a "buy" rating on the stock. The Goldman Sachs Group downgraded Starbucks from a "neutral" rating to a "neutral" rating in a report on Thursday, May 14th. Compass Point initiated coverage on shares of Starbucks in a report on Monday, August 3rd. They issued a "buy" rating for the company. Finally, Raymond James Financial lowered shares of Starbucks to an "outperform" rating in a report on Monday, August 3rd. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $110.30.

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.

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