Trifecta Capital Advisors LLC Acquires New Shares in Starbucks Corporation $SBUX

Key Points

• Trifecta Capital Advisors acquired 31,742 Starbucks shares worth approximately $3.24 million during the second quarter. Institutional investors collectively own 72.29% of the company.
• Starbucks reported quarterly EPS of $0.85, beating the $0.66 consensus, while revenue reached $9.32 billion. Global comparable sales rose 7.9%, supporting the company’s fiscal 2026 outlook.
• The turnaround remains mixed: Starbucks is pursuing roughly $2 billion in cost reductions and eliminating more than 200 corporate jobs, while analysts maintain an average “Hold” rating and a $110.30 price target.

Trifecta Capital Advisors LLC acquired a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,742 shares of the coffee company's stock, valued at approximately $3,244,000.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Starbucks during the fourth quarter valued at about $1,232,650,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Starbucks by 65.9% in the fourth 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 acquiring an additional 7,725,547 shares during the period. Capital World Investors boosted its position in shares of Starbucks by 9.0% in 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 during the period. Corient Private Wealth LLC grew its stake in Starbucks by 146.6% during the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company's stock valued at $553,201,000 after acquiring an additional 3,596,014 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Starbucks by 483.8% during the second quarter. Assenagon Asset Management S.A. now owns 3,182,890 shares of the coffee company's stock valued at $325,260,000 after acquiring an additional 2,637,715 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported strong recent operating momentum: global comparable sales increased 7.9% in fiscal third-quarter 2026, while revenue reached approximately $9.3 billion. The trends could support the company’s fiscal 2026 earnings outlook and reflect progress from investments in its coffeehouses. Can Starbucks' Solid Comps Growth Support Stronger FY26 Earnings?
• Positive Sentiment: A promotional return of the Unicorn Frappuccino helped produce a record sales weekend, suggesting that limited-time products and brand engagement can continue to drive customer traffic. Starbucks Just Landed the Biggest Weekend in the Company's History
• Neutral Sentiment: Investor comparisons with McDonald’s and Chipotle show that restaurant-stock performance in 2026 has favored companies undergoing structural change. Starbucks’ valuation remains elevated, making sustained sales and earnings improvement important for further upside. Which Restaurant Stock Has Dominated in 2026: McDonald's, Chipotle, or Starbucks?
• Negative Sentiment: Starbucks is eliminating more than 200 corporate positions as part of its restructuring and approximately $2 billion cost-reduction effort. The cuts include technology, store design and construction, and coffeehouse development roles; 120 Seattle-based employees reportedly face separation after declining relocation to the new Nashville office. The company said the reductions do not involve cafe closures, but the announcement is raising concerns about disruption and turnaround execution. Starbucks Laying Off More Than 200 Workers in Streamlining Drive

Wall Street Analyst Weigh In

Several analysts have issued reports on SBUX shares. Stephens began coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued an "overweight" rating on the stock. Robert W. Baird set a $124.00 price target on shares of Starbucks in a report on Thursday, July 30th. Needham & Company LLC set a $120.00 price objective on Starbucks in a research report on Tuesday. TD Cowen reissued a "buy" rating on shares of Starbucks in a research note on Tuesday. Finally, Raymond James Financial cut Starbucks to an "outperform" rating in a research report on Monday, August 3rd. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $110.30.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,687 shares of company stock worth $681,663 in the last quarter. Company insiders own 0.03% of the company's stock.

Starbucks Price Performance

Shares of Starbucks stock opened at $103.99 on Friday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The firm has a market cap of $118.55 billion, a PE ratio of 59.76, a PEG ratio of 1.81 and a beta of 0.97. The company has a 50 day simple moving average of $104.37 and a two-hundred day simple moving average of $100.32.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, research analysts anticipate that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.4%. Starbucks's dividend payout ratio (DPR) is presently 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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