Baird Financial Group Inc. Purchases 30,051 Shares of Starbucks Corporation $SBUX

Key Points

• Baird Financial Group increased its Starbucks stake by 2.5%, purchasing 30,051 shares to bring its holdings to 1.22 million shares valued at approximately $124.6 million. Institutional investors collectively own 72.29% of Starbucks.
• Starbucks exceeded quarterly expectations with earnings of $0.85 per share versus the $0.66 consensus estimate and revenue of $9.32 billion, although revenue declined 1.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $2.55–$2.65.
• Analyst sentiment remains mixed, with Starbucks holding a consensus “Hold” rating and an average price target of $110.30. Shares recently opened at $102.01, while CEO Brady Brewer sold 2,229 shares under a pre-arranged trading plan.

Baird Financial Group Inc. grew its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,218,998 shares of the coffee company's stock after purchasing an additional 30,051 shares during the quarter. Baird Financial Group Inc. owned approximately 0.11% of Starbucks worth $124,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SBUX. California State Teachers Retirement System increased its position in Starbucks by 10,101.1% during the 2nd quarter. California State Teachers Retirement System now owns 179,138,252 shares of the coffee company's stock valued at $18,306,138,000 after purchasing an additional 177,382,188 shares during the period. BlackRock Inc. bought a new position in Starbucks during the second quarter worth $8,504,509,000. Bank of America Corp DE acquired a new position in Starbucks in the second quarter valued at $1,581,287,000. Norges Bank bought a new stake in Starbucks during the fourth quarter valued at $1,232,650,000. Finally, T. Rowe Price Investment Management Inc. grew its holdings in Starbucks by 65.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company's stock worth $1,637,704,000 after acquiring an additional 7,725,547 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Insider Activity

In other news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated 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 $7,963,558.65. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 5,046 shares of company stock valued at $526,868. Corporate insiders own 0.03% of the company's stock.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $102.01 on Wednesday. The company has a 50-day moving average price of $105.44 and a 200-day moving average price of $101.24. The stock has a market capitalization of $116.29 billion, a P/E ratio of 58.63, a P/E/G ratio of 1.80 and a beta of 0.97. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51.

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

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of recent analyst reports. BMO Capital Markets reissued an "outperform" rating and issued a $130.00 price objective on shares of Starbucks in a research note on Thursday, July 30th. The Goldman Sachs Group downgraded Starbucks from a "neutral" rating to a "neutral" rating in a report on Thursday, May 14th. Morgan Stanley cut Starbucks from an "overweight" rating to an "underweight" rating in a report on Monday, August 3rd. Citigroup lifted their price objective on shares of Starbucks from $108.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein downgraded shares of Starbucks from an "outperform" rating to a "market perform" rating in a research report on Monday, August 3rd. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of "Hold" and a consensus price target of $110.30.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.

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