Stonebridge Capital Management Inc. bought a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,595 shares of the coffee company's stock, valued at approximately $2,820,000. Starbucks comprises approximately 1.4% of Stonebridge Capital Management Inc.'s investment portfolio, making the stock its 22nd largest holding.
Several other hedge funds also recently added to or reduced their stakes in the business. Capital World Investors raised its position in Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company's stock valued at $7,135,228,000 after acquiring an additional 7,007,268 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Starbucks during the 2nd quarter worth approximately $8,504,509,000. State Street Corp grew its stake in shares of Starbucks by 0.7% during the 4th quarter. State Street Corp now owns 47,869,056 shares of the coffee company's stock worth $4,031,053,000 after purchasing an additional 327,161 shares during the period. Geode Capital Management LLC increased its holdings in shares of Starbucks by 0.9% during the 4th 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. lifted its stake in shares of Starbucks by 65.9% in the 4th 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 period. 72.29% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks 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 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 6,687 shares of company stock valued at $681,663. Company insiders own 0.03% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Scotiabank lowered shares of Starbucks from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 14th. TD Cowen restated a "buy" rating on shares of Starbucks in a research report on Tuesday, August 18th. The Goldman Sachs Group lowered Starbucks from a "neutral" rating to a "neutral" rating in a research note on Thursday, May 14th. Melius Research set a $110.00 price target on Starbucks in a research report on Monday, August 3rd. Finally, UBS Group raised their price objective on Starbucks from $105.00 to $112.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. One 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 assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $110.30.
Read Our Latest Report on SBUX
Starbucks Stock Up 2.6%
SBUX stock opened at $108.49 on Thursday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The firm has a 50-day simple moving average of $104.82 and a 200-day simple moving average of $100.68. The stock has a market capitalization of $123.68 billion, a P/E ratio of 62.35, a P/E/G ratio of 1.83 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 (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company had revenue of $9.32 billion for the quarter, compared to analysts' expectations of $9.17 billion. During the same period in the previous year, the firm posted $0.50 EPS. Starbucks's revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current year.
Starbucks Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.62 dividend. 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 currently 142.53%.
Key Starbucks News
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Baird upgraded Starbucks to “Strong Buy.” Robert W. Baird raised its view on the stock, following an earlier Outperform rating and a $124 price target—roughly 15% above the recently cited share price. The upgrade supports the broader turnaround narrative under CEO Brian Niccol. Zacks.com
- Positive Sentiment: Fall menu and Pumpkin Spice Latte season are providing a seasonal sales catalyst. Starbucks launched its fall offerings, including the returning Pumpkin Spice Latte, while also promoting limited-time beverages and a Blueberry Matcha Daily Fiber Bar partnership. Early reports indicate refreshed products have supported customer traffic and weekend sales, reinforcing the “Back to Starbucks” strategy. Starbucks fall menu article
- Positive Sentiment: Restructuring is aimed at improving profitability. Starbucks is cutting more than 200 additional corporate jobs as part of a broader, approximately $2 billion turnaround effort. Cost reductions, improving comparable-store sales and expansion of operations in Nashville could strengthen margins if execution remains on track. Starbucks restructuring article
- Neutral Sentiment: Valuation leaves limited room for disappointment. Starbucks recently traded around $108.49, versus a 52-week range of $77.99 to $110.51, with a reported forward fiscal 2026 EPS outlook of $2.55–$2.65. The strong year-to-date performance reflects rising confidence in the turnaround, but also increases sensitivity to execution setbacks.
- Negative Sentiment: Workers United is urging customers to boycott Starbucks. More than 12,000 unionized baristas are seeking a contract and reportedly demanding $17-per-hour wages. The campaign coincides with the Pumpkin Spice Latte launch, creating a risk of reputational damage, weaker traffic or higher labor costs if negotiations remain stalled. Starbucks union boycott article
About Starbucks
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUX - Free Report).
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