Oppenheimer Asset Management Inc. Purchases Shares of 260,110 Starbucks Corporation $SBUX

Key Points

• Oppenheimer Asset Management acquired 260,110 Starbucks shares worth approximately $26.6 million in the second quarter. Institutional investors collectively own 72.29% of SBUX, with major holders including Vanguard, Capital World Investors and State Street.
• Starbucks reported quarterly EPS of $0.85, exceeding the $0.66 consensus estimate, while revenue reached $9.32 billion versus expectations of $9.17 billion. The company maintained fiscal 2026 guidance of $2.55–$2.65 in EPS.
• Analyst sentiment remains mixed: 19 analysts rate the stock a Buy, 11 a Hold and four a Sell, producing a consensus rating of Hold and an average price target of $110.30. Starbucks also declared a quarterly dividend of $0.62 per share, yielding about 2.4% annually.

Oppenheimer Asset Management Inc. acquired a new position in Starbucks Corporation (NASDAQ:SBUX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 260,110 shares of the coffee company's stock, valued at approximately $26,581,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Starbucks by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company's stock valued at $9,634,523,000 after purchasing an additional 971,773 shares in the last quarter. Capital World Investors lifted its stake in shares of Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company's stock worth $7,135,228,000 after purchasing an additional 7,007,268 shares in the last quarter. State Street Corp boosted its position in shares of Starbucks by 0.7% in the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company's stock worth $4,031,053,000 after buying an additional 327,161 shares during the period. Geode Capital Management LLC boosted its position in shares of Starbucks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company's stock worth $2,212,153,000 after buying an additional 225,168 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of Starbucks by 65.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company's stock valued at $1,637,704,000 after buying an additional 7,725,547 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SBUX. Stifel Nicolaus set a $117.00 target price on Starbucks and gave the company a "buy" rating in a report on Wednesday, May 6th. Sanford C. Bernstein downgraded shares of Starbucks from an "outperform" rating to a "market perform" rating in a research report on Monday, August 3rd. BTIG Research reiterated a "buy" rating and set a $115.00 price objective on shares of Starbucks in a research note on Friday, July 31st. Piper Sandler reissued an "overweight" rating and set a $110.00 target price on shares of Starbucks in a research report on Wednesday, April 29th. Finally, Raymond James Financial downgraded shares of Starbucks to an "outperform" rating in a research note on Monday, August 3rd. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $110.30.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported strong recent operating momentum: global comparable sales increased 7.9% in fiscal third-quarter 2026, while revenue reached approximately $9.3 billion. The trends could support the company’s fiscal 2026 earnings outlook and reflect progress from investments in its coffeehouses. Can Starbucks' Solid Comps Growth Support Stronger FY26 Earnings?
• Positive Sentiment: A promotional return of the Unicorn Frappuccino helped produce a record sales weekend, suggesting that limited-time products and brand engagement can continue to drive customer traffic. Starbucks Just Landed the Biggest Weekend in the Company's History
• Neutral Sentiment: Investor comparisons with McDonald’s and Chipotle show that restaurant-stock performance in 2026 has favored companies undergoing structural change. Starbucks’ valuation remains elevated, making sustained sales and earnings improvement important for further upside. Which Restaurant Stock Has Dominated in 2026: McDonald's, Chipotle, or Starbucks?
• Negative Sentiment: Starbucks is eliminating more than 200 corporate positions as part of its restructuring and approximately $2 billion cost-reduction effort. The cuts include technology, store design and construction, and coffeehouse development roles; 120 Seattle-based employees reportedly face separation after declining relocation to the new Nashville office. The company said the reductions do not involve cafe closures, but the announcement is raising concerns about disruption and turnaround execution. Starbucks Laying Off More Than 200 Workers in Streamlining Drive

Starbucks Stock Performance

Shares of SBUX opened at $103.99 on Friday. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The stock has a 50-day moving average price of $104.37 and a 200 day moving average price of $100.32. The company has a market capitalization of $118.55 billion, a P/E ratio of 59.76, a P/E/G ratio of 1.81 and a beta of 0.97.

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, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the business earned $0.50 EPS. Starbucks's revenue for the quarter 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 research analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 14th. Starbucks's payout ratio is 142.53%.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the company's 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 sale, the chief executive officer directly owned 75,135 shares of the company's stock, valued at $7,963,558.65. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,687 shares of company stock valued at $681,663 in the last three months. 0.03% of the stock is currently owned by insiders.

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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