Starbucks Corporation $SBUX Shares Sold by Washington Trust Advisors Inc.

Key Points

• Washington Trust Advisors cut its Starbucks stake by 5.7% in the second quarter, selling 9,855 shares and retaining 161,961 shares worth approximately $16.6 million. Institutional investors own 72.29% of Starbucks.
• Starbucks exceeded quarterly expectations with adjusted earnings of $0.85 per share versus the $0.66 consensus and revenue of $9.32 billion, though revenue declined 1.4% year over year. The company maintained fiscal 2026 EPS guidance of $2.55–$2.65.
• Analyst sentiment is mixed: Starbucks has an overall “Hold” consensus and a $110.30 average price target, while shares recently traded at $104.47. The company also declared a quarterly dividend of $0.62 per share, representing a 2.4% yield.

Washington Trust Advisors Inc. decreased its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 5.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161,961 shares of the coffee company's stock after selling 9,855 shares during the quarter. Starbucks comprises 1.2% of Washington Trust Advisors Inc.'s holdings, making the stock its 21st largest position. Washington Trust Advisors Inc.'s holdings in Starbucks were worth $16,551,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. boosted its holdings in Starbucks by 1.0% in the 1st quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company's stock valued at $849,000 after purchasing an additional 97 shares during the last quarter. Webster Bank N. A. grew its stake in shares of Starbucks by 7.8% in the 2nd quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company's stock valued at $143,000 after buying an additional 101 shares during the period. Nilsine Partners LLC increased its holdings in shares of Starbucks by 1.0% during the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company's stock worth $1,026,000 after buying an additional 101 shares during the last quarter. Beta Wealth Group Inc. increased its holdings in shares of Starbucks by 1.7% during the 2nd quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company's stock worth $635,000 after buying an additional 102 shares during the last quarter. Finally, Elgethun Capital Management raised its position in shares of Starbucks by 9.4% during the 2nd quarter. Elgethun Capital Management now owns 1,219 shares of the coffee company's stock valued at $125,000 after buying an additional 105 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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 shares were sold at an average price of $105.99, for a total transaction of $236,251.71. Following the sale, the chief executive officer directly owned 75,135 shares in the company, valued at $7,963,558.65. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 5,046 shares of company stock valued at $526,868. Insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SBUX shares. Sanford C. Bernstein lowered Starbucks from an "outperform" rating to a "market perform" rating in a research report on Monday, August 3rd. UBS Group lifted their target price on Starbucks from $105.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Guggenheim started coverage on Starbucks in a research note on Monday, August 3rd. They issued a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $126.00 price target on shares of Starbucks in a report on Thursday, July 30th. Finally, BNP Paribas Exane boosted their price objective on shares of Starbucks from $87.00 to $92.00 and gave the company an "underperform" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Starbucks presently has an average rating of "Hold" and a consensus target price of $110.30.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $104.47 on Monday. The business's 50 day moving average is $105.43 and its two-hundred day moving average is $101.14. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51. The firm has a market cap of $119.10 billion, a price-to-earnings ratio of 60.04, a PEG ratio of 1.80 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 EPS for the quarter, topping the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 14th. Starbucks's payout ratio is currently 142.53%.

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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