Assetmark Inc. Buys 40,826 Shares of Starbucks Corporation $SBUX

Assetmark Inc. grew its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 432,734 shares of the coffee company's stock after purchasing an additional 40,826 shares during the period. Assetmark Inc.'s holdings in Starbucks were worth $38,769,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. NWF Advisory Services Inc. raised its stake in Starbucks by 2.6% in the 4th quarter. NWF Advisory Services Inc. now owns 4,349 shares of the coffee company's stock worth $366,000 after acquiring an additional 109 shares during the last quarter. Aerodigm Wealth LLC lifted its holdings in shares of Starbucks by 2.7% during the fourth quarter. Aerodigm Wealth LLC now owns 4,245 shares of the coffee company's stock worth $357,000 after purchasing an additional 112 shares during the period. River Street Advisors LLC lifted its holdings in shares of Starbucks by 0.8% during the fourth quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company's stock worth $1,138,000 after purchasing an additional 113 shares during the period. Creative Financial Designs Inc. ADV boosted its position in Starbucks by 38.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 409 shares of the coffee company's stock valued at $34,000 after buying an additional 113 shares during the last quarter. Finally, Integrity Alliance LLC. raised its holdings in shares of Starbucks by 3.0% during the fourth quarter. Integrity Alliance LLC. now owns 3,907 shares of the coffee company's stock worth $329,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $105.49 on Friday. The company has a 50-day simple moving average of $102.56 and a 200-day simple moving average of $97.83. Starbucks Corporation has a one year low of $77.99 and a one year high of $109.23. The stock has a market capitalization of $120.23 billion, a price-to-earnings ratio of 79.92, a PEG ratio of 2.15 and a beta of 0.98.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The firm had revenue of $9.53 billion for the quarter, compared to analysts' expectations of $9.17 billion. During the same period in the prior year, the company earned $0.41 EPS. The firm's revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, research analysts forecast that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared 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. This represents a $2.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks's dividend payout ratio is 187.88%.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: RBC said Starbucks’ fiscal Q3 North America same-store sales are likely to come in line with consensus, which could reassure investors that the U.S. business is stabilizing. Starbucks Fiscal Q3 North America Same-Store Sales Poised to be In-Line With Consensus, RBC Says
• Positive Sentiment: Analyst commentary remains generally constructive, with several recent firms reiterating buy or overweight ratings and price targets clustering around levels near or above the current share price. Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Starbucks (SBUX), Airbnb (ABNB) and Silgan Holdings (SLGN)
• Positive Sentiment: Starbucks’ reaffirmed dividend and efforts to cut software costs by building more of its own tools with AI may support margins over time. What Starbucks (SBUX)'s Dividend Affirmation and Software Cost Cuts Mean For Shareholders
• Positive Sentiment: Starbucks recently said it will release fiscal Q3 2026 results on July 29, keeping attention focused on a potential catalyst for the shares. Starbucks Announces Q3 Fiscal Year 2026 Results Conference Call
• Neutral Sentiment: Starbucks’ earnings preview suggests investors are waiting for confirmation that traffic, loyalty trends, and the “Back to Starbucks” turnaround plan are still improving. Earnings Preview: What To Expect From Starbucks' Report
• Neutral Sentiment: Reuters reported that Starbucks defeated a shareholder lawsuit tied to sales declines in the U.S. and China, removing one legal overhang but not changing the core growth debate. Starbucks defeats shareholder lawsuit over US, China sales declines
• Negative Sentiment: Some coverage highlights that opinions on Starbucks remain mixed, reflecting uncertainty about the pace of the turnaround and whether sales momentum can fully reaccelerate. Starbucks vs. McDonald's: Which Restaurant Stock Has the Edge Now?

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 2,229 shares of the business's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00. Following the completion of the transaction, the chief executive officer owned 77,364 shares in the company, valued at $8,045,856. The trade was a 2.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the executive vice president directly owned 57,653 shares in the company, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 8,687 shares of company stock valued at $889,033. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SBUX shares. Jefferies Financial Group started coverage on Starbucks in a research report on Thursday, May 14th. They set a "buy" rating for the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Starbucks in a research report on Wednesday, April 29th. Tigress Financial assumed coverage on shares of Starbucks in a report on Wednesday, April 15th. They set a "buy" rating and a $122.00 price objective on the stock. Citigroup reiterated a "neutral" rating and issued a $108.00 target price (up from $101.00) on shares of Starbucks in a research report on Tuesday. Finally, Piper Sandler restated an "overweight" rating and issued a $110.00 target price on shares of Starbucks in a research report on Wednesday, April 29th. Nineteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $109.42.

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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