Starbucks Corporation $SBUX Position Cut by D.A. Davidson & CO.

Key Points

• D.A. Davidson & Co. reduced its Starbucks stake by 6% in the second quarter, selling 10,831 shares and retaining 170,635 shares valued at approximately $17.4 million. Institutional investors collectively own 72.29% of SBUX.
• Starbucks reported stronger-than-expected quarterly results, with EPS of $0.85 versus the $0.66 consensus and revenue of $9.32 billion, although revenue declined 1.4% year over year. The company issued fiscal 2026 EPS guidance of $2.55–$2.65.
• The stock opened at $107.69, near its 12-month high, while analysts maintained a mixed outlook: the consensus rating is “Hold” with a $109.92 price target. Starbucks also declared a quarterly dividend of $0.62 per share, yielding 2.3% annually.

D.A. Davidson & CO. lowered its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,635 shares of the coffee company's stock after selling 10,831 shares during the period. D.A. Davidson & CO.'s holdings in Starbucks were worth $17,437,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SBUX. Rachor Investment Advisory Services LLC bought a new stake in shares of Starbucks during the fourth quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new position in Starbucks in the 4th quarter valued at about $25,000. Phillip James Consulting Co. acquired a new position in Starbucks during the 4th quarter valued at about $25,000. Entrust Financial LLC acquired a new position in Starbucks during the 4th quarter valued at about $26,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Starbucks during the 3rd quarter worth about $27,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Down 0.8%

SBUX stock opened at $107.69 on Friday. The firm has a 50 day moving average of $103.78 and a two-hundred day moving average of $99.97. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51. The company has a market capitalization of $122.77 billion, a price-to-earnings ratio of 61.89, a P/E/G ratio of 1.86 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 earnings per share 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 business had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter last year, the firm earned $0.50 EPS. Starbucks's revenue for the quarter was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, research analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

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

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was 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 of the company's stock, valued at $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock worth $681,663 in the last 90 days. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of research analyst reports. BTIG Research reaffirmed a "buy" rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, July 31st. Weiss Ratings reissued a "hold (c)" rating on shares of Starbucks in a report on Monday, July 20th. Raymond James Financial downgraded Starbucks to an "outperform" rating in a research report on Monday, August 3rd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $115.00 price objective (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. Finally, Zacks Research downgraded Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Starbucks has an average rating of "Hold" and a consensus price target of $109.92.

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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