K.J. Harrison & Partners Inc Buys New Position in Starbucks Corporation $SBUX

K.J. Harrison & Partners Inc acquired a new stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,000 shares of the coffee company's stock, valued at approximately $1,022,000.

A number of other institutional investors also recently bought and sold shares of SBUX. Rachor Investment Advisory Services LLC purchased a new position in shares of Starbucks in the fourth quarter worth $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at $25,000. Phillip James Consulting Co. purchased a new stake in shares of Starbucks during the fourth quarter valued at $25,000. Entrust Financial LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $26,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Up 3.0%

SBUX stock opened at $107.08 on Friday. The company's 50-day simple moving average is $104.45 and its 200-day simple moving average is $100.36. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51. The firm has a market cap of $122.07 billion, a P/E ratio of 61.54, a PEG ratio of 1.85 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $9.32 billion for 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%.Starbucks's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, analysts anticipate that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks's dividend payout ratio is 142.53%.

Insider Buying and Selling at Starbucks

In other Starbucks 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 approximately $7,963,558.65. This represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 over the last quarter. Company insiders own 0.03% of the company's stock.

More Starbucks News

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.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. BTIG Research reaffirmed a "buy" rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, July 31st. BMO Capital Markets reissued an "outperform" rating and issued a $130.00 price objective on shares of Starbucks in a report on Thursday, July 30th. Citigroup raised their price objective on Starbucks from $108.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Robert W. Baird set a $124.00 target price on Starbucks in a report on Thursday, July 30th. Finally, Jefferies Financial Group initiated coverage on Starbucks in a research report on Thursday, May 14th. They issued a "buy" rating on the stock. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $110.30.

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.

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