Starbucks Corporation $SBUX Shares Purchased by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC boosted its Starbucks stake by 52.5% in the first quarter, buying 11,422 additional shares and ending the period with 33,188 shares worth about $2.97 million.
• Other institutional investors were also active in SBUX, and overall 72.29% of Starbucks stock is owned by institutions and hedge funds, highlighting continued professional investor interest.
• Starbucks reported better-than-expected quarterly results with EPS of $0.50 on revenue of $9.53 billion, and it reaffirmed its quarterly dividend at $0.62 per share while analysts maintained a generally Moderate Buy outlook.

SteelPeak Wealth LLC increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 52.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,188 shares of the coffee company's stock after buying an additional 11,422 shares during the period. SteelPeak Wealth LLC's holdings in Starbucks were worth $2,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SBUX. Allspring Global Investments Holdings LLC raised its position in shares of Starbucks by 214.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,715,733 shares of the coffee company's stock worth $155,154,000 after acquiring an additional 1,169,536 shares in the last quarter. Independent Financial Group LLC acquired a new position in Starbucks in the first quarter valued at approximately $2,047,000. Prosperity Consulting Group LLC acquired a new position in Starbucks in the first quarter valued at approximately $204,000. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Starbucks by 8.3% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 22,134 shares of the coffee company's stock valued at $1,983,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Westover Capital Advisors LLC purchased a new position in Starbucks in the first quarter valued at approximately $212,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: RBC said Starbucks’ fiscal Q3 North America same-store sales are likely to come in line with consensus, which could reassure investors that the U.S. business is stabilizing. Starbucks Fiscal Q3 North America Same-Store Sales Poised to be In-Line With Consensus, RBC Says
• Positive Sentiment: Analyst commentary remains generally constructive, with several recent firms reiterating buy or overweight ratings and price targets clustering around levels near or above the current share price. Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Starbucks (SBUX), Airbnb (ABNB) and Silgan Holdings (SLGN)
• Positive Sentiment: Starbucks’ reaffirmed dividend and efforts to cut software costs by building more of its own tools with AI may support margins over time. What Starbucks (SBUX)'s Dividend Affirmation and Software Cost Cuts Mean For Shareholders
• Positive Sentiment: Starbucks recently said it will release fiscal Q3 2026 results on July 29, keeping attention focused on a potential catalyst for the shares. Starbucks Announces Q3 Fiscal Year 2026 Results Conference Call
• Neutral Sentiment: Starbucks’ earnings preview suggests investors are waiting for confirmation that traffic, loyalty trends, and the “Back to Starbucks” turnaround plan are still improving. Earnings Preview: What To Expect From Starbucks' Report
• Neutral Sentiment: Reuters reported that Starbucks defeated a shareholder lawsuit tied to sales declines in the U.S. and China, removing one legal overhang but not changing the core growth debate. Starbucks defeats shareholder lawsuit over US, China sales declines
• Negative Sentiment: Some coverage highlights that opinions on Starbucks remain mixed, reflecting uncertainty about the pace of the turnaround and whether sales momentum can fully reaccelerate. Starbucks vs. McDonald's: Which Restaurant Stock Has the Edge Now?

Insider Transactions at Starbucks

In related news, EVP Sara Kelly sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the transaction, the executive vice president owned 57,653 shares in the company, valued at $6,053,565. The trade was a 3.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the company's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $104.00, for a total value of $231,816.00. Following the sale, the chief executive officer directly owned 77,364 shares of the company's stock, valued at approximately $8,045,856. This represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 8,687 shares of company stock worth $889,033. Corporate insiders own 0.03% of the company's stock.

Starbucks Price Performance

Shares of Starbucks stock opened at $105.49 on Friday. The firm's fifty day simple moving average is $102.56 and its 200-day simple moving average is $97.83. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $109.23. The stock has a market capitalization of $120.23 billion, a price-to-earnings ratio of 79.92, a PEG ratio of 2.15 and a beta of 0.98.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.06. The firm had revenue of $9.53 billion during the quarter, compared to analysts' expectations of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. Starbucks's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Analysts anticipate that Starbucks Corporation will post 2.4 earnings per share for the current 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 issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks's dividend payout ratio (DPR) is currently 187.88%.

Analyst Ratings Changes

SBUX has been the subject of several recent analyst reports. Morgan Stanley restated an "overweight" rating and set a $111.00 price objective (up from $110.00) on shares of Starbucks in a research report on Wednesday. BNP Paribas Exane began coverage on shares of Starbucks in a research note on Thursday, May 14th. They set an "underperform" rating on the stock. Dbs Bank raised shares of Starbucks from a "strong sell" rating to a "moderate sell" rating in a research report on Friday, March 20th. Stifel Nicolaus set a $117.00 price objective on shares of Starbucks and gave the company a "buy" rating in a research note on Wednesday, May 6th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $110.00 price objective on shares of Starbucks in a report on Wednesday, April 29th. Nineteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.42.

Starbucks 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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