933,923 Shares in Starbucks Corporation $SBUX Purchased by Everett Harris & Co. CA

Key Points

• Everett Harris & Co. CA purchased 933,923 Starbucks shares worth approximately $95.4 million, making SBUX about 1.2% of its portfolio. Institutional investors collectively own 72.29% of the company.
• Starbucks reported better-than-expected quarterly results, with $0.85 in adjusted EPS versus a $0.66 estimate and revenue of $9.32 billion. Global comparable sales rose 7.9%, supporting the company’s fiscal 2026 earnings outlook.
• The turnaround faces execution risks as Starbucks eliminates more than 200 corporate positions במסגרת a roughly $2 billion cost-reduction effort. Analysts’ average rating remains “Hold,” with an average price target of $110.30, while the stock recently traded near $103.99.

Everett Harris & Co. CA purchased a new stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 933,923 shares of the coffee company's stock, valued at approximately $95,438,000. Starbucks accounts for approximately 1.2% of Everett Harris & Co. CA's portfolio, making the stock its 18th largest position. Everett Harris & Co. CA owned 0.08% of Starbucks at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SBUX. Rachor Investment Advisory Services LLC purchased a new stake in Starbucks in the fourth quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $25,000. Phillip James Consulting Co. purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $25,000. Entrust Financial LLC bought a new stake in shares of Starbucks in the 4th quarter worth approximately $26,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of Starbucks in the 4th quarter worth approximately $27,000. Institutional investors own 72.29% of the company's stock.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported strong recent operating momentum: global comparable sales increased 7.9% in fiscal third-quarter 2026, while revenue reached approximately $9.3 billion. The trends could support the company’s fiscal 2026 earnings outlook and reflect progress from investments in its coffeehouses. Can Starbucks' Solid Comps Growth Support Stronger FY26 Earnings?
• Positive Sentiment: A promotional return of the Unicorn Frappuccino helped produce a record sales weekend, suggesting that limited-time products and brand engagement can continue to drive customer traffic. Starbucks Just Landed the Biggest Weekend in the Company's History
• Neutral Sentiment: Investor comparisons with McDonald’s and Chipotle show that restaurant-stock performance in 2026 has favored companies undergoing structural change. Starbucks’ valuation remains elevated, making sustained sales and earnings improvement important for further upside. Which Restaurant Stock Has Dominated in 2026: McDonald's, Chipotle, or Starbucks?
• Negative Sentiment: Starbucks is eliminating more than 200 corporate positions as part of its restructuring and approximately $2 billion cost-reduction effort. The cuts include technology, store design and construction, and coffeehouse development roles; 120 Seattle-based employees reportedly face separation after declining relocation to the new Nashville office. The company said the reductions do not involve cafe closures, but the announcement is raising concerns about disruption and turnaround execution. Starbucks Laying Off More Than 200 Workers in Streamlining Drive

Insider Activity at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Wednesday, August 5th. The stock was 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 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock worth $681,663 over the last 90 days. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of analyst reports. Wells Fargo & Company lowered Starbucks from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. TD Cowen reissued a "buy" rating on shares of Starbucks in a report on Tuesday. Weiss Ratings reissued a "hold (c)" rating on shares of Starbucks in a research note on Monday, July 20th. Stephens assumed coverage on Starbucks in a report on Thursday, May 14th. They set an "overweight" rating for the company. Finally, Stifel Nicolaus set a $117.00 price target on Starbucks and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Starbucks presently has an average rating of "Hold" and an average price target of $110.30.

Starbucks Stock Down 0.9%

Shares of NASDAQ SBUX opened at $103.99 on Friday. The firm has a market cap of $118.55 billion, a P/E ratio of 59.76, a PEG ratio of 1.81 and a beta of 0.97. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $110.51. The company has a 50 day moving average of $104.37 and a 200 day moving average of $100.32.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results 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 business had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company's revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given 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 dividend yield of 2.4%. Starbucks's dividend payout ratio (DPR) is 142.53%.

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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