United Capital Financial Advisors LLC Acquires Shares of 524,550 Starbucks Corporation $SBUX

United Capital Financial Advisors LLC acquired a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 524,550 shares of the coffee company's stock, valued at approximately $53,604,000.

Several other institutional investors have also recently made changes to their positions in SBUX. Camarda Financial Advisors LLC bought a new stake in Starbucks in the 2nd quarter worth about $4,109,000. Dearborn Partners LLC bought a new position in shares of Starbucks during the 2nd quarter worth approximately $3,782,000. Bank OZK bought a new position in shares of Starbucks during the 2nd quarter worth approximately $392,000. Hayek Kallen Investment Management purchased a new position in shares of Starbucks in the 2nd quarter worth approximately $1,486,000. Finally, Equitable Holdings Inc. purchased a new position in shares of Starbucks in the 2nd quarter worth approximately $5,057,000. Institutional investors own 72.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SBUX. BMO Capital Markets reaffirmed an "outperform" rating and set a $130.00 price target on shares of Starbucks in a research report on Thursday, July 30th. Stifel Nicolaus set a $117.00 price objective on Starbucks and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Wells Fargo & Company downgraded Starbucks from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. TD Cowen reaffirmed a "buy" rating on shares of Starbucks in a research report on Tuesday, August 18th. Finally, Guggenheim started coverage on Starbucks in a research report on Monday, August 3rd. They set a "buy" rating for the company. One 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 assigned a Sell rating to the company's stock. According to MarketBeat, Starbucks currently has a consensus rating of "Hold" and an average target price of $110.30.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on 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 approximately $7,963,558.65. This represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is owned by corporate insiders.

Starbucks Stock Down 1.1%

Shares of SBUX stock opened at $107.26 on Friday. The company has a 50 day moving average of $104.95 and a 200-day moving average of $100.73. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51. The firm has a market cap of $122.28 billion, a P/E ratio of 61.64, a PEG ratio of 1.87 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted 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. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company had revenue of $9.32 billion for the quarter, compared to analysts' expectations of $9.17 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. Starbucks'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. As a group, equities analysts expect that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. Starbucks's payout ratio is presently 142.53%.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Analyst upgrade: Robert W. Baird upgraded Starbucks to “strong buy,” signaling confidence in the company’s turnaround prospects and potentially supporting investor sentiment. Zacks report
• Positive Sentiment: Fall menu and marketing: Starbucks launched its seasonal menu, including the Pumpkin Spice Latte, supported by advertising featuring Martha Stewart. The promotion could drive customer traffic and strengthen seasonal sales. Starbucks launches fall menu Pumpkin Spice Latte advertising
• Positive Sentiment: Property transactions: A corporate Starbucks drive-thru in Jacksonville, Florida, was included in a $6.9 million pair of net-lease deals. While not a material financial event for Starbucks, the transaction highlights ongoing investor demand for Starbucks-occupied properties. Starbucks net-lease transaction
• Neutral Sentiment: Valuation and operating backdrop: Starbucks recently exceeded quarterly earnings and revenue expectations, but revenue declined year over year. With a relatively high earnings multiple, investors may require sustained improvement from the company’s turnaround plan.
• Negative Sentiment: Union-led boycott: Starbucks Workers United called for a boycott tied to stalled contract negotiations, seeking $17 hourly wages and a contract covering more than 12,000 baristas. The action presents near-term traffic, sales and reputational risks. Starbucks union boycott
• Negative Sentiment: Consumer caution: Reports questioning whether consumers are rethinking coffee purchases raise concerns about traffic and demand, particularly if customers trade down or reduce premium beverage spending. Consumer caution report
• Negative Sentiment: Turnaround costs: Additional job cuts as Starbucks expands its roughly $2 billion overhaul may pressure near-term morale and execution, even though management expects restructuring to improve efficiency over time. Starbucks job cuts and turnaround

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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