Narwhal Capital Management Decreases Holdings in Starbucks Corporation $SBUX

Posted by Brenda Bartman on Aug 17th, 2026

Narwhal Capital Management reduced its stake in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 27.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 63,274 shares of the coffee company’s stock after selling 24,454 shares during the quarter. Narwhal Capital Management’s holdings in Starbucks were worth $6,466,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Wealth Enhancement Trust Services Inc. bought a new stake in shares of Starbucks in the fourth quarter valued at $875,000. B. Metzler seel. Sohn & Co. AG increased its holdings in Starbucks by 36.4% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 88,374 shares of the coffee company’s stock worth $7,442,000 after acquiring an additional 23,589 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in Starbucks by 94.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock valued at $7,938,000 after acquiring an additional 45,794 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in Starbucks by 20.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company’s stock valued at $43,655,000 after purchasing an additional 87,926 shares during the last quarter. Finally, Norges Bank bought a new position in Starbucks during the fourth quarter worth about $1,232,650,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the transaction, the chief executive officer directly owned 75,135 shares in the company, valued at $7,963,558.65. This represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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. 0.03% of the stock is owned by corporate insiders.

Starbucks Price Performance

NASDAQ SBUX opened at $107.69 on Monday. The company’s 50 day simple moving average is $103.78 and its two-hundred day simple moving average is $99.99. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The stock has a market capitalization of $122.77 billion, a PE ratio of 61.89, a P/E/G ratio of 1.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. The firm had revenue of $9.32 billion during 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. 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 EPS for the current 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 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s payout ratio is presently 142.53%.

Analyst Ratings Changes

A number of brokerages recently commented on SBUX. Robert W. Baird set a $124.00 price target on shares of Starbucks in a research note on Thursday, July 30th. Melius Research set a $110.00 target price on Starbucks in a research report on Monday, August 3rd. Evercore reaffirmed an “outperform” rating on shares of Starbucks in a report on Thursday, July 30th. Raymond James Financial lowered Starbucks to an “outperform” rating in a research note on Monday, August 3rd. Finally, Wedbush initiated coverage on Starbucks in a research note on Thursday, May 14th. They issued an “outperform” rating for the company. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $109.92.

Read Our Latest Report on Starbucks

Starbucks Profile

(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.