Biondo Investment Advisors LLC Takes $6.40 Million Position in Starbucks Corporation $SBUX

Key Points

• Biondo Investment Advisors acquired 62,626 Starbucks shares worth approximately $6.4 million in the second quarter. Institutional investors and hedge funds collectively own 72.29% of SBUX.
• Starbucks reported better-than-expected quarterly results, with EPS of $0.85 versus the $0.66 consensus and revenue of $9.32 billion. Analysts remain mixed but constructive, while the company maintains fiscal 2026 EPS guidance of $2.55–$2.65.
• The turnaround faces ongoing challenges, including corporate job cuts and a union-backed boycott threat during Pumpkin Spice Latte season. Shares traded near $105.76, and the company’s $0.62 quarterly dividend represents a 2.3% yield, though its payout ratio exceeds 100%.

Biondo Investment Advisors LLC acquired a new stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 62,626 shares of the coffee company's stock, valued at approximately $6,400,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SBUX. Capital World Investors raised its position in Starbucks by 9.0% in the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company's stock valued at $7,135,228,000 after purchasing an additional 7,007,268 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Starbucks during the second quarter worth about $8,504,509,000. State Street Corp increased its stake in shares of Starbucks by 0.7% in the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company's stock valued at $4,031,053,000 after buying an additional 327,161 shares during the period. Geode Capital Management LLC increased its stake in shares of Starbucks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company's stock valued at $2,212,153,000 after buying an additional 225,168 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Starbucks by 65.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company's stock valued at $1,637,704,000 after buying an additional 7,725,547 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Key Starbucks News

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

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 2,229 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total value of $236,251.71. Following the transaction, the chief executive officer owned 75,135 shares in the company, valued at $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,687 shares of company stock worth $681,663 over the last ninety days. 0.03% of the stock is owned by company insiders.

Starbucks Price Performance

Starbucks stock opened at $105.76 on Wednesday. The stock's 50 day moving average is $104.65 and its 200 day moving average is $100.59. The firm has a market cap of $120.57 billion, a P/E ratio of 60.78, a P/E/G ratio of 1.86 and a beta of 0.97. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51.

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

Starbucks Announces Dividend

The company 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. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks's dividend payout ratio (DPR) is currently 142.53%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SBUX. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $126.00 target price on shares of Starbucks in a research report on Thursday, July 30th. UBS Group upped their price target on shares of Starbucks from $105.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. BNP Paribas Exane raised their price target on shares of Starbucks from $87.00 to $92.00 and gave the company an "underperform" rating in a research note on Thursday, July 30th. Melius Research set a $110.00 price target on shares of Starbucks in a report on Monday, August 3rd. Finally, BTIG Research reissued a "buy" rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, July 31st. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Starbucks presently has a consensus rating of "Hold" and a consensus target price of $110.30.

About Starbucks

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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