Perigon Wealth Management LLC Purchases Shares of 27,510 Starbucks Corporation $SBUX

Key Points

• Perigon Wealth Management purchased 27,510 Starbucks shares worth approximately $2.81 million, while institutional investors collectively own 72.29% of the company.
• Starbucks beat quarterly expectations with EPS of $0.85 versus $0.66 expected and revenue of $9.32 billion, although revenue declined 1.4% year over year. The stock opened at $107.08, near its 52-week high of $110.51.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and a $110.30 price target. Starbucks offers a 2.3% dividend yield, but its valuation is elevated at a price-to-earnings ratio above 60.

Perigon Wealth Management LLC purchased a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,510 shares of the coffee company's stock, valued at approximately $2,811,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 971,773 shares during the last quarter. Capital World Investors lifted its stake in 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 during the last quarter. State Street Corp boosted its holdings in Starbucks by 0.7% in the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company's stock valued at $4,031,053,000 after purchasing an additional 327,161 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Starbucks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company's stock valued at $2,212,153,000 after purchasing an additional 225,168 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in 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 purchasing an additional 7,725,547 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Up 3.0%

SBUX opened at $107.08 on Friday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The business's 50 day moving average is $104.45 and its two-hundred day moving average is $100.36. The firm has a market cap of $122.07 billion, a price-to-earnings ratio of 61.54, a price-to-earnings-growth ratio of 1.79 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 for the quarter, beating the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company's revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm 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 dividend of $0.62 per share. The ex-dividend date is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks's dividend payout ratio is currently 142.53%.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the firm'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 transaction, the chief executive officer directly owned 75,135 shares of the company's stock, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 6,687 shares of company stock worth $681,663. Company insiders own 0.03% of the company's stock.

Trending Headlines about Starbucks

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.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird set a $124.00 price objective on shares of Starbucks in a report on Thursday, July 30th. Scotiabank cut shares of Starbucks from a "market perform" rating to an "underperform" rating in a report on Thursday, May 14th. Piper Sandler reaffirmed an "overweight" rating and issued a $110.00 target price on shares of Starbucks in a research report on Wednesday, April 29th. Evercore reiterated an "outperform" rating on shares of Starbucks in a research note on Thursday, July 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Starbucks in a research report on Monday, July 20th. Nineteen equities research 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $110.30.

Starbucks Company 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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