Flputnam Investment Management Co. Makes New Investment in Starbucks Corporation $SBUX

Flputnam Investment Management Co. purchased a new position in Starbucks Corporation (NASDAQ:SBUX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 64,260 shares of the coffee company's stock, valued at approximately $6,567,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new stake in Starbucks during the 4th quarter worth about $25,000. Phillip James Consulting Co. acquired a new stake in Starbucks during the 4th quarter worth about $25,000. Entrust Financial LLC purchased a new stake in Starbucks during the 4th quarter valued at about $26,000. Finally, Tucker Asset Management LLC purchased a new stake in Starbucks during the 4th quarter valued at about $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the 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 transaction, the chief executive officer owned 75,135 shares in the company, valued at approximately $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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 6,687 shares of company stock valued at $681,663. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SBUX shares. TD Cowen restated a "buy" rating on shares of Starbucks in a research note on Tuesday. Robert W. Baird set a $124.00 target price on Starbucks in a research report on Thursday, July 30th. Scotiabank downgraded shares of Starbucks from a "market perform" rating to an "underperform" rating in a report on Thursday, May 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Starbucks in a research report on Monday, July 20th. Finally, Jefferies Financial Group initiated coverage on shares of Starbucks in a research note on Thursday, May 14th. They set a "buy" rating for the company. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $110.30.

Starbucks Stock Up 3.0%

Starbucks stock opened at $107.08 on Friday. The business's 50-day moving average price is $104.45 and its 200 day moving average price is $100.36. The firm has a market cap of $122.07 billion, a price-to-earnings ratio of 61.54, a price-to-earnings-growth ratio of 1.79 and a beta of 0.97. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the company posted $0.50 earnings per share. Starbucks's revenue for the quarter was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts expect that Starbucks Corporation will post 2.64 EPS for the current 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 paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks's payout ratio is currently 142.53%.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks is eliminating more than 200 corporate positions as part of a broader restructuring and approximately $2 billion cost-reduction effort. Lower overhead could support profitability if the company maintains service levels and directs more resources toward its stores. The reductions do not involve cafe closures. Starbucks trims corporate ranks as coffeehouse investments deliver
• Positive Sentiment: Recent market commentary highlights Starbucks’ roughly 25% 2026 gain and suggests investors are rewarding its operational reset and investments in the cafe experience. The rally follows the company’s latest quarterly earnings beat, with adjusted EPS of $0.85 versus a $0.66 consensus estimate and revenue above expectations.
• Neutral Sentiment: The restructuring is relocating some corporate operations to a new, approximately $100 million Nashville office. Around 120 Seattle employees reportedly declined the move, while another 104 roles in store design and construction are being eliminated. Management characterizes the actions as part of the restructuring winding down, but the savings and impact on execution remain to be demonstrated. Starbucks cuts another 224 Seattle jobs
• Negative Sentiment: Starbucks continues to face challenges in China, where domestic competitors, shifting consumer preferences and geopolitical tensions are eroding the position of major U.S. brands. China weakness could limit international growth and pressure comparable sales. Why some of America’s biggest brands are losing ground in China
• Negative Sentiment: The stock’s strong performance has also produced a demanding valuation, with the supplied data showing a P/E ratio above 60. Investors may require sustained earnings growth from the turnaround to justify the premium, leaving SBUX vulnerable to disappointment.

Starbucks 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.

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.

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