Calamos Advisors LLC Trims Stock Holdings in Starbucks Corporation $SBUX

Key Points

• Calamos Advisors reduced its Starbucks position by 4.3% in the second quarter, selling 17,675 shares and retaining 396,453 shares valued at approximately $40.5 million. Institutional investors collectively own 72.29% of the company.
• Starbucks reported quarterly EPS of $0.85, beating estimates of $0.66, while revenue reached $9.32 billion. However, revenue declined 1.4% year over year, and the company’s FY 2026 EPS guidance is $2.55–$2.65.
• The company declared a quarterly dividend of $0.62 per share, equivalent to an annualized $2.48 and a 2.4% yield. Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $110.30.

Calamos Advisors LLC decreased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 396,453 shares of the coffee company's stock after selling 17,675 shares during the quarter. Calamos Advisors LLC's holdings in Starbucks were worth $40,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG boosted its holdings in Starbucks by 36.4% in the 4th 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. raised its position in shares of Starbucks by 94.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company's stock worth $7,938,000 after buying an additional 45,794 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in shares of Starbucks by 20.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company's stock worth $43,655,000 after buying an additional 87,926 shares in the last quarter. Norges Bank bought a new stake in Starbucks during the fourth quarter valued at $1,232,650,000. Finally, Brighton Jones LLC grew its position in Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock worth $16,126,000 after buying an additional 81,952 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Performance

NASDAQ SBUX opened at $104.98 on Thursday. The stock has a market cap of $119.68 billion, a P/E ratio of 60.33, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51. The stock has a 50 day simple moving average of $104.33 and a two-hundred day simple moving average of $100.23.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.19. The firm 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 business's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Sell-side analysts predict that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.62 dividend. 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 presently 142.53%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SBUX. Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the company a "buy" rating in a research note on Wednesday, May 6th. Morgan Stanley downgraded shares of Starbucks from an "overweight" rating to an "underweight" rating in a report on Monday, August 3rd. Sanford C. Bernstein cut Starbucks from an "outperform" rating to a "market perform" rating in a research note on Monday, August 3rd. DA Davidson lifted their price target on Starbucks from $102.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Finally, TD Cowen reiterated a "buy" rating on shares of Starbucks in a research report on Tuesday. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, Starbucks has a consensus rating of "Hold" and an average target price of $110.30.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the sale, the chief executive officer directly owned 75,135 shares of the company's stock, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock valued at $681,663 in the last ninety days. Company insiders own 0.03% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source