QV Investors Inc. cut its holdings in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 36.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 104,060 shares of the coffee company’s stock after selling 60,960 shares during the period. QV Investors Inc.’s holdings in Starbucks were worth $10,634,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in SBUX. Legacy Private Trust Co. boosted its holdings in shares of Starbucks by 99.8% during the second quarter. Legacy Private Trust Co. now owns 7,531 shares of the coffee company’s stock worth $770,000 after purchasing an additional 3,762 shares during the last quarter. Hager Investment Management Services LLC increased its stake in Starbucks by 1,150.9% in the second quarter. Hager Investment Management Services LLC now owns 7,543 shares of the coffee company’s stock valued at $771,000 after purchasing an additional 6,940 shares during the last quarter. Webster Bank N. A. increased its stake in Starbucks by 7.8% in the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock valued at $143,000 after purchasing an additional 101 shares during the last quarter. Interchange Capital Partners LLC lifted its position in Starbucks by 2.5% during the second quarter. Interchange Capital Partners LLC now owns 16,723 shares of the coffee company’s stock worth $1,709,000 after buying an additional 403 shares during the period. Finally, Merit Financial Group LLC lifted its position in Starbucks by 10.0% during the second quarter. Merit Financial Group LLC now owns 93,867 shares of the coffee company’s stock worth $9,592,000 after buying an additional 8,518 shares during the period. Hedge funds and other 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: Strong U.S. performance supports the rally. Starbucks reportedly delivered 8% U.S. comparable-store sales growth, while quarterly earnings and revenue exceeded analyst expectations. Analysts subsequently raised price targets as high as $130, reinforcing expectations that the company’s turnaround and operating initiatives are gaining traction. Starbucks (SBUX) Stock Reaches 52-Week Peak Following Strong Q3 Performance
- Positive Sentiment: Options activity signals bullish positioning. Investors purchased 40,915 SBUX call options, 59% above the average daily call volume of 25,712. Although options activity can include hedging, the elevated call buying suggests increased speculative interest in further gains.
- Positive Sentiment: Technical momentum remains favorable. Starbucks reached fresh 52-week highs, and chart analysts say the stock is approaching the upper end of a multiyear trading range, potentially creating room for a breakout if momentum continues. Starbucks is close to the top of its multiyear range
- Neutral Sentiment: Energy drinks offer a potential growth avenue. Starbucks is among restaurant chains expanding into energy drinks, which could broaden its beverage lineup and attract new occasions, but the financial impact is not yet clear. Why fast food chains are going all in on energy drinks
- Negative Sentiment: Starbucks Korea reported its first quarterly loss in 27 years. A marketing controversy led to a boycott, political criticism and a police raid, highlighting reputational and execution risks in an important international market. Starbucks Korea Suffers First Loss in 27 Years on PR Debacle
Insider Buying and Selling
Starbucks Trading Up 0.1%
SBUX stock opened at $108.55 on Friday. The company has a market cap of $123.75 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97. The stock has a 50-day moving average price of $103.53 and a two-hundred day moving average price of $99.91. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51.
Starbucks (NASDAQ:SBUX – Get Free Report) last released its quarterly earnings data 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 company had revenue of $9.32 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts forecast that Starbucks Corporation will post 2.64 EPS for the current fiscal year.
Starbucks Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio is 142.53%.
Analyst Ratings Changes
SBUX has been the subject of several recent analyst reports. Melius Research set a $110.00 price target on Starbucks in a report on Monday, August 3rd. Stephens began coverage on shares of Starbucks in a report on Thursday, May 14th. They set an “overweight” rating on the stock. Zacks Research cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $126.00 target price on shares of Starbucks in a report on Thursday, July 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $110.00 price target on shares of Starbucks in a research report on Wednesday, April 29th. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.92.
View Our Latest Stock Report on Starbucks
About Starbucks
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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