Mission Wealth Management LP Buys 17,336 Shares of Starbucks Corporation $SBUX

Key Points

• Mission Wealth Management nearly doubled its Starbucks stake in the second quarter, purchasing 17,336 additional shares to own 34,723 shares worth approximately $3.55 million. Institutional investors collectively hold 72.29% of SBUX.
• Starbucks reported quarterly EPS of $0.85, beating estimates of $0.66, while revenue reached $9.32 billion versus expectations of $9.17 billion; however, revenue declined 1.4% year over year.
• Shares opened at $108.49 near their 52-week high, but the stock’s valuation remains elevated at a P/E ratio of 62.35. Analysts have a consensus “Hold” rating with an average price target of $109.92, and Starbucks declared a quarterly dividend of $0.62.

Mission Wealth Management LP boosted its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 99.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,723 shares of the coffee company's stock after buying an additional 17,336 shares during the quarter. Mission Wealth Management LP's holdings in Starbucks were worth $3,548,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Alpha Zero LLC acquired a new position in Starbucks during the second quarter worth $301,000. GHP Investment Advisors Inc. boosted its stake in shares of Starbucks by 2.1% in the 2nd quarter. GHP Investment Advisors Inc. now owns 5,321 shares of the coffee company's stock valued at $544,000 after purchasing an additional 107 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its stake in shares of Starbucks by 20.7% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 4,714 shares of the coffee company's stock valued at $482,000 after purchasing an additional 809 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Starbucks in the 2nd quarter worth about $239,000. Finally, Tema ETFs LLC grew its holdings in shares of Starbucks by 10.4% in the 2nd quarter. Tema ETFs LLC now owns 20,065 shares of the coffee company's stock worth $2,050,000 after purchasing an additional 1,885 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Performance

Shares of Starbucks stock opened at $108.49 on Thursday. The firm has a fifty day moving average of $103.24 and a two-hundred day moving average of $99.84. The stock has a market capitalization of $123.68 billion, a price-to-earnings ratio of 62.35, a PEG ratio of 1.84 and a beta of 0.97. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $109.23.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.19. The business had revenue of $9.32 billion during 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 quarterly 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. As a group, research analysts forecast that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 (DPR) is currently 142.53%.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 of the company's stock, valued at $7,963,558.65. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 6,687 shares of company stock valued at $681,663. Company insiders own 0.03% of the company's stock.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Fresh 52-week high: Starbucks reached $108.49, signaling strong momentum and renewed investor demand. The stock is approaching the upper end of its multiyear trading range, where a decisive breakout could attract additional technical buyers. Starbucks Reaches $108.49, a Fresh 52-Week High Starbucks Technical Breakout Analysis
• Positive Sentiment: Profitability focus: Coverage of Starbucks’ latest earnings call suggests management is emphasizing profits and operational performance over pursuing growth at any cost. That focus could support margins and investor confidence, particularly after the company exceeded quarterly earnings expectations in the supplied background information. Starbucks Earnings Call Signals Profits Over Growth
• Positive Sentiment: Energy-drink opportunity: Starbucks is among restaurant chains expanding into energy drinks, potentially broadening afternoon traffic, average sales and appeal to younger consumers. The strategy could create incremental growth, though its financial contribution is not yet clear. Fast-Food Chains Expand Into Energy Drinks
• Neutral Sentiment: Reports about Starbucks’ Canadian depository receipt and comparisons with other stocks provide market information but no new company-specific catalyst. Starbucks Canadian Depository Receipt Quote
• Neutral Sentiment: Starbucks’ inclusion in broader dividend-stock commentary does not materially change the company’s current outlook. S&P 500 Dividend Stock Commentary
• Negative Sentiment: At a market capitalization above $120 billion and a high earnings multiple, SBUX has limited room for disappointment. The technical rally could also encounter resistance near the top of its multiyear range.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SBUX shares. Scotiabank downgraded shares of Starbucks from a "market perform" rating to an "underperform" rating in a report on Thursday, May 14th. Wedbush initiated coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an "outperform" rating on the stock. BTIG Research reiterated a "buy" rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, July 31st. Jefferies Financial Group started coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued a "buy" rating for the company. Finally, UBS Group boosted their target price on Starbucks from $105.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $109.92.

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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