Starbucks Corporation $SBUX Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management reduced its Starbucks position by 6.9%, selling 276,349 shares and retaining 3.75 million shares worth approximately $383 million. Institutional investors collectively own 72.29% of the company.
• Starbucks exceeded quarterly expectations with $0.85 in EPS versus $0.66 expected and $9.32 billion in revenue, though sales declined 1.4% year over year. The company projects fiscal 2026 EPS of $2.55–$2.65.
• The “Back to Starbucks” turnaround includes upgrades to about 1,500 North American stores and expanded digital menu coverage, but higher health-insurance costs and substantial makeover spending may pressure margins. Analysts have a consensus “Hold” rating with an average price target of $110.30.

Envestnet Asset Management Inc. lessened its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 6.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,747,640 shares of the coffee company's stock after selling 276,349 shares during the quarter. Envestnet Asset Management Inc. owned about 0.33% of Starbucks worth $382,970,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Starbucks during the 4th quarter worth approximately $1,232,650,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Starbucks in the 2nd quarter valued at approximately $61,404,000. Robinhood Asset Management LLC acquired a new stake in shares of Starbucks in the 2nd quarter valued at approximately $10,187,000. Allstate Corp boosted its stake in shares of Starbucks by 104.3% in the fourth quarter. Allstate Corp now owns 84,304 shares of the coffee company's stock valued at $7,099,000 after buying an additional 43,041 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Starbucks in the second quarter valued at approximately $29,524,000. 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: Starbucks is accelerating its “Back to Starbucks” initiative, targeting upgrades at approximately 1,500 North American coffeehouses by the end of fiscal 2026. Remodels focused on comfort, local identity and the in-store experience could support customer traffic, brand engagement and sales productivity. Starbucks Accelerates Back To Starbucks Revamp Across North America
• Positive Sentiment: The company is nearing 80%–90% digital menu-board coverage. More flexible merchandising may improve afternoon demand, particularly for Refreshers and food attachments, potentially helping sales outside the morning peak. SBUX Digital Menu Rollout Nears 90 Percent
• Positive Sentiment: Coverage describes Starbucks as being “back” operationally, with a roughly $1 billion café makeover plan. The investment reinforces management’s turnaround strategy, although returns will depend on stronger traffic and execution. Starbucks Is Back. Next Up: A 1 Billion Dollar Cafe Makeover
• Neutral Sentiment: Recent commentary highlights a 14% gain over the past year and asks whether the turnaround is already reflected in the share price. Analysts are balancing improving operations with valuation and margin concerns. Starbucks Turnaround Is Improving
• Neutral Sentiment: Investor attention has increased, but general market-interest coverage provides limited new information about Starbucks’ fundamentals. A former Starbucks CEO’s investment in Ryan Clark’s production company also appears unrelated to Starbucks’ operations. Ryan Clark’s Pivot25 Productions Receives Investment
• Negative Sentiment: Higher health-insurance costs are weighing on baristas and could increase labor expenses, creating additional pressure on Starbucks’ margins during the turnaround. Higher Health Insurance Costs Hit Baristas
• Negative Sentiment: The company’s large makeover program requires substantial capital spending, while its dividend yield trails the 10-year Treasury yield. That combination may make the stock less attractive to income-focused investors if growth and cash-flow improvement do not justify the premium valuation. McDonald’s Versus Starbucks Dividend Comparison

Starbucks Stock Performance

Shares of SBUX opened at $94.14 on Thursday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The company's 50 day simple moving average is $103.74 and its 200 day simple moving average is $101.24. The company has a market capitalization of $107.32 billion, a price-to-earnings ratio of 54.10, a PEG ratio of 1.64 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm had revenue of $9.32 billion during the quarter, compared to analysts' expectations of $9.17 billion. During the same period in the previous year, the company 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. Equities analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $105.60, for a total value of $235,382.40. Following the completion of the sale, the chief executive officer owned 73,149 shares in the company, valued at $7,724,534.40. The trade was a 2.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,687 shares of company stock valued at $703,450. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Robert W. Baird upgraded Starbucks to a "strong-buy" rating in a research report on Monday, August 24th. Wells Fargo & Company lowered shares of Starbucks from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. TD Cowen reaffirmed a "buy" rating on shares of Starbucks in a report on Monday. UBS Group lifted their price target on shares of Starbucks from $105.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Finally, Melius Research set a $110.00 price target on Starbucks in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Starbucks has a consensus rating of "Hold" and an average target price of $110.30.

Starbucks Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.

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