Starbucks Corporation $SBUX Shares Sold by The Manufacturers Life Insurance Company

Posted by Stanley Muller on Sep 12th, 2026

The Manufacturers Life Insurance Company reduced its holdings in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 63.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600,881 shares of the coffee company’s stock after selling 1,050,770 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of Starbucks worth $61,404,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Sunbelt Securities Inc. increased its holdings in shares of Starbucks by 1.0% in the 1st quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock valued at $849,000 after purchasing an additional 97 shares in the last quarter. Cypress Capital Management LLC WY boosted its holdings in Starbucks by 30.9% during the second quarter. Cypress Capital Management LLC WY now owns 424 shares of the coffee company’s stock worth $43,000 after buying an additional 100 shares in the last quarter. Webster Bank N. A. boosted its holdings in Starbucks by 7.8% during the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock worth $143,000 after buying an additional 101 shares in the last quarter. Nilsine Partners LLC grew its position in Starbucks by 1.0% during the second quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock worth $1,026,000 after buying an additional 101 shares during the period. Finally, Beta Wealth Group Inc. increased its holdings in Starbucks by 1.7% in the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock valued at $635,000 after buying an additional 102 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $98.74 on Friday. The business’s fifty day moving average price is $105.16 and its two-hundred day moving average price is $101.27. The stock has a market cap of $112.56 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 1.71 and a beta of 0.97. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51.

Starbucks (NASDAQ:SBUX – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping 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 company had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter last year, the business posted $0.50 earnings per share. Starbucks’s revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts predict that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on SBUX. Compass Point started coverage on Starbucks in a research note on Monday, August 3rd. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Starbucks in a research note on Thursday, July 30th. Raymond James Financial downgraded Starbucks to an “outperform” rating in a research report on Monday, August 3rd. Robert W. Baird raised Starbucks to a “strong-buy” rating in a report on Monday, August 24th. Finally, Morgan Stanley cut Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Starbucks presently has an average rating of “Hold” and an average target price of $110.30.

View Our Latest Analysis on Starbucks

More Starbucks News

Here are the key news stories impacting Starbucks this week:

Positive Sentiment: Starbucks plans to invest approximately $1 billion renovating as many as 8,000–9,000 North American company-operated stores. New seating, rugs, plants and other design upgrades are intended to increase customer dwell time, improve the in-store experience and support sales. Starbucks store renovation investment
Positive Sentiment: Niccol said Starbucks’ “Back to Starbucks” turnaround is working and that roughly 1,500 or more upgraded locations could be completed by the end of the current fiscal year. The strategy focuses on service execution, café atmosphere and returning the brand to its coffeehouse roots. Starbucks CEO discusses café renovations
Positive Sentiment: The company is emphasizing Refreshers and other cold beverages to drive afternoon traffic. The initiative could broaden Starbucks’ customer base and improve sales outside traditional morning coffee hours. Starbucks Refreshers strategy
Neutral Sentiment: Starbucks has called for a safer Seattle, which could help improve the environment around stores and customer traffic, although the near-term financial impact is unclear. Starbucks and Seattle safety concerns
Negative Sentiment: Workers at a Hamilton, Ontario, Starbucks have joined the United Steelworkers union, adding to labor-organizing activity in Canada. Broader unionization could increase labor costs and operational complexity. Hamilton Starbucks employees join union
Negative Sentiment: Refreshers face rising competition from Dutch Bros and McDonald’s, raising doubts about whether the product push can generate sustained traffic gains. Starbucks also trades at an elevated valuation, while latest quarterly revenue declined 1.4% year over year despite an earnings beat.
Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 plan. The transaction is relatively small but may attract attention from investors monitoring insider activity.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $105.60, for a total value of $235,382.40. Following the transaction, the chief executive officer directly owned 73,149 shares in the company, valued at approximately $7,724,534.40. This represents a 2.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 6,687 shares of company stock valued at $703,450. Insiders own 0.03% of the company’s stock.

About Starbucks

(Free Report)

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.