Hollencrest Capital Management Cuts Stake in Starbucks Corporation $SBUX

Key Points

• Hollencrest Capital Management cut its Starbucks stake by 82% in the second quarter, selling 16,727 shares and retaining 3,683 shares valued at approximately $376,000. Institutional investors collectively own 72.29% of SBUX.
• 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.
• Shares opened at $107.85, near their 52-week high, while analysts’ consensus rating was “Hold” with an average price target of $110.30. Starbucks also paid a quarterly dividend of $0.62 per share, representing a 2.3% yield.

Hollencrest Capital Management decreased its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 82.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,683 shares of the coffee company's stock after selling 16,727 shares during the period. Hollencrest Capital Management's holdings in Starbucks were worth $376,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBUX. Sunbelt Securities Inc. raised its holdings in shares of Starbucks by 1.0% in the 1st quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company's stock worth $849,000 after purchasing an additional 97 shares during the period. Webster Bank N. A. lifted its stake in Starbucks by 7.8% in the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company's stock valued at $143,000 after purchasing an additional 101 shares during the last quarter. Nilsine Partners LLC grew its holdings in Starbucks by 1.0% during the second quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company's stock valued at $1,026,000 after purchasing an additional 101 shares during the period. Beta Wealth Group Inc. grew its holdings in Starbucks by 1.7% during the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company's stock valued at $635,000 after purchasing an additional 102 shares during the period. Finally, Elgethun Capital Management increased its position in Starbucks by 9.4% in the second quarter. Elgethun Capital Management now owns 1,219 shares of the coffee company's stock worth $125,000 after buying an additional 105 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Brady Brewer sold 2,229 shares of the 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 of the company's stock, valued at $7,963,558.65. This represents a 2.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 6,687 shares of company stock valued at $681,663. 0.03% of the stock is owned by insiders.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $107.85 on Friday. The firm has a fifty day moving average price of $105.10 and a two-hundred day moving average price of $100.78. The company has a market cap of $122.95 billion, a price-to-earnings ratio of 61.98, a PEG 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 posted its quarterly earnings data 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 company had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The firm's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities research analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. Starbucks's payout ratio is presently 142.53%.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of recent research reports. Wedbush began coverage on Starbucks in a research report on Thursday, May 14th. They set an "outperform" rating on the stock. Stephens started coverage on Starbucks in a report on Thursday, May 14th. They issued an "overweight" rating for the company. BNP Paribas Exane boosted their price objective on Starbucks from $87.00 to $92.00 and gave the company an "underperform" rating in a research note on Thursday, July 30th. Needham & Company LLC set a $120.00 price objective on shares of Starbucks in a report on Tuesday, August 18th. Finally, BTIG Research reiterated a "buy" rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, July 31st. One 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 given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target 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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