NEOS Investment Management LLC Has $88.79 Million Stock Holdings in Starbucks Corporation $SBUX

Key Points

• NEOS Investment Management increased its Starbucks position by 11.7% in the second quarter, bringing its holdings to 868,907 shares worth approximately $88.8 million. Institutional investors collectively own 72.29% of Starbucks.
• Starbucks reported quarterly earnings of $0.85 per share and revenue of $9.32 billion, beating analyst expectations, while raising fiscal 2026 EPS guidance to $2.55–$2.65. The company also maintains a quarterly dividend of $0.62 per share.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with a $110.30 price target, as improving sales and turnaround efforts are offset by valuation concerns, labor tensions and competitive pressure.

NEOS Investment Management LLC boosted its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 11.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 868,907 shares of the coffee company's stock after purchasing an additional 91,192 shares during the period. NEOS Investment Management LLC owned 0.08% of Starbucks worth $88,794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its stake in shares of Starbucks by 1.0% during 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 in the last quarter. Webster Bank N. A. grew its stake in shares of Starbucks by 7.8% in the 2nd quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company's stock valued at $143,000 after buying an additional 101 shares in the last quarter. Nilsine Partners LLC grew its stake in shares of Starbucks by 1.0% in the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company's stock valued at $1,026,000 after buying an additional 101 shares in the last quarter. Beta Wealth Group Inc. increased its holdings in Starbucks by 1.7% in the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company's stock worth $635,000 after buying an additional 102 shares during the last quarter. Finally, Elgethun Capital Management increased its holdings 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. Hedge funds and other institutional investors own 72.29% of the company's stock.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: A U.S. appeals court overturned a labor-board ruling involving Starbucks’ dress code at a Manhattan store, finding that restrictions on union-related shirts and pins did not violate workers’ rights. The decision could strengthen Starbucks’ position in its broader labor dispute and reduce potential legal and compliance risks. Reuters article
• Positive Sentiment: Recent coverage says Starbucks’ turnaround is gaining traction, with accelerating sales, improved execution, 7.9% global comparable-sales growth, cost savings and coffeehouse initiatives supporting the recovery. The company also raised fiscal 2026 guidance, while its latest quarter beat earnings and revenue expectations. Investing article
• Positive Sentiment: Starbucks is using nostalgia and menu-related marketing to encourage visits, potentially helping customer traffic as the company works to rebuild demand. TheStreet article
• Neutral Sentiment: Analysts describe the turnaround as effective but view SBUX as fairly valued. Competitive intensity, consumer spending pressure and changing preferences could limit near-term upside despite stronger margins and lower debt. Seeking Alpha article
• Negative Sentiment: The Starbucks Workers United union is planning a national boycott, reviving concerns about labor disruptions, reputational damage and possible pressure on store operations. TipRanks article
• Negative Sentiment: Starbucks is discontinuing a drink-blending powder after particles reportedly became airborne and caused baristas to cough or feel ill. Although the product is being removed during the seasonal menu transition, the issue raises workplace-safety and reputational concerns. Yahoo Finance article

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer owned 75,135 shares of the company's stock, valued at $7,963,558.65. The trade was a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,046 shares of company stock worth $526,868. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SBUX shares. BTIG Research reaffirmed a "buy" rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, July 31st. BNP Paribas Exane increased their price target on shares of Starbucks from $87.00 to $92.00 and gave the stock an "underperform" rating in a research note on Thursday, July 30th. TD Cowen restated a "buy" rating on shares of Starbucks in a research note on Tuesday, August 18th. BMO Capital Markets restated an "outperform" rating and set a $130.00 price target on shares of Starbucks in a report on Thursday, July 30th. Finally, UBS Group lifted their price objective on shares of Starbucks from $105.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $110.30.

Starbucks Stock Down 0.8%

Shares of SBUX stock opened at $105.82 on Friday. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51. The business's 50 day moving average is $105.44 and its two-hundred day moving average is $101.06. The company has a market cap of $120.63 billion, a PE ratio of 60.82, a price-to-earnings-growth ratio of 1.84 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter last year, the firm posted $0.50 earnings per share. The company's quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, August 14th. Starbucks's dividend payout ratio (DPR) is 142.53%.

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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