Tocqueville Asset Management L.P. Buys Shares of 465,482 Starbucks Corporation $SBUX

Tocqueville Asset Management L.P. purchased a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 465,482 shares of the coffee company's stock, valued at approximately $47,568,000.

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

Insiders Place Their Bets

In other news, CEO Brady Brewer sold 2,229 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the transaction, the chief executive officer owned 75,135 shares in the company, valued at $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 6,687 shares of company stock valued at $681,663. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

SBUX has been the subject of several recent research reports. BNP Paribas Exane upped their price target on Starbucks from $87.00 to $92.00 and gave the stock an "underperform" rating in a report on Thursday, July 30th. Piper Sandler reissued an "overweight" rating and set a $110.00 target price on shares of Starbucks in a research report on Wednesday, April 29th. Guggenheim started coverage on shares of Starbucks in a research report on Monday, August 3rd. They issued a "buy" rating on the stock. Robert W. Baird set a $124.00 price target on Starbucks in a research note on Thursday, July 30th. Finally, Morgan Stanley cut Starbucks from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Starbucks has an average rating of "Hold" and a consensus price target of $110.30.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks is eliminating more than 200 corporate positions as part of a broader restructuring and approximately $2 billion cost-reduction effort. Lower overhead could support profitability if the company maintains service levels and directs more resources toward its stores. The reductions do not involve cafe closures. Starbucks trims corporate ranks as coffeehouse investments deliver
• Positive Sentiment: Recent market commentary highlights Starbucks’ roughly 25% 2026 gain and suggests investors are rewarding its operational reset and investments in the cafe experience. The rally follows the company’s latest quarterly earnings beat, with adjusted EPS of $0.85 versus a $0.66 consensus estimate and revenue above expectations.
• Neutral Sentiment: The restructuring is relocating some corporate operations to a new, approximately $100 million Nashville office. Around 120 Seattle employees reportedly declined the move, while another 104 roles in store design and construction are being eliminated. Management characterizes the actions as part of the restructuring winding down, but the savings and impact on execution remain to be demonstrated. Starbucks cuts another 224 Seattle jobs
• Negative Sentiment: Starbucks continues to face challenges in China, where domestic competitors, shifting consumer preferences and geopolitical tensions are eroding the position of major U.S. brands. China weakness could limit international growth and pressure comparable sales. Why some of America’s biggest brands are losing ground in China
• Negative Sentiment: The stock’s strong performance has also produced a demanding valuation, with the supplied data showing a P/E ratio above 60. Investors may require sustained earnings growth from the turnaround to justify the premium, leaving SBUX vulnerable to disappointment.

Starbucks Price Performance

Shares of Starbucks stock opened at $107.08 on Monday. The company has a market cap of $122.07 billion, a PE ratio of 61.54, a P/E/G ratio of 1.85 and a beta of 0.97. The business has a 50 day moving average of $104.45 and a 200 day moving average of $100.43. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating 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 firm had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the company earned $0.50 earnings per share. The company's revenue 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 anticipate that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $0.62 dividend. 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 2.3%. Starbucks's dividend payout ratio is 142.53%.

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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