True North Advisors LLC acquired a new stake in shares of Starbucks Corporation (NASDAQ:SBUX – Free Report) during the first quarter, Holdings Channel reports. The fund acquired 7,206 shares of the coffee company’s stock, valued at approximately $646,000.
Several other hedge funds also recently added to or reduced their stakes in SBUX. SEB Asset Management AB bought a new stake in shares of Starbucks in the 1st quarter worth about $21,073,000. Swiss National Bank raised its stake in shares of Starbucks by 7.1% in the 1st quarter. Swiss National Bank now owns 3,337,100 shares of the coffee company’s stock valued at $298,971,000 after purchasing an additional 222,100 shares in the last quarter. Valley Wealth Managers Inc. lifted its position in shares of Starbucks by 1.2% during the first quarter. Valley Wealth Managers Inc. now owns 50,822 shares of the coffee company’s stock worth $4,553,000 after purchasing an additional 612 shares during the last quarter. Mediolanum International Funds Ltd lifted its position in shares of Starbucks by 172.4% during the first quarter. Mediolanum International Funds Ltd now owns 373,071 shares of the coffee company’s stock worth $32,353,000 after purchasing an additional 236,090 shares during the last quarter. Finally, Spartan Wealth Advisory Services LLC acquired a new position in Starbucks in the first quarter worth about $298,000. 72.29% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Starbucks
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: RBC said Starbucks’ fiscal Q3 North America same-store sales are likely to come in line with consensus, which could reassure investors that the U.S. business is stabilizing. Starbucks Fiscal Q3 North America Same-Store Sales Poised to be In-Line With Consensus, RBC Says
- Positive Sentiment: Analyst commentary remains generally constructive, with several recent firms reiterating buy or overweight ratings and price targets clustering around levels near or above the current share price. Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Starbucks (SBUX), Airbnb (ABNB) and Silgan Holdings (SLGN)
- Positive Sentiment: Starbucks’ reaffirmed dividend and efforts to cut software costs by building more of its own tools with AI may support margins over time. What Starbucks (SBUX)’s Dividend Affirmation and Software Cost Cuts Mean For Shareholders
- Positive Sentiment: Starbucks recently said it will release fiscal Q3 2026 results on July 29, keeping attention focused on a potential catalyst for the shares. Starbucks Announces Q3 Fiscal Year 2026 Results Conference Call
- Neutral Sentiment: Starbucks’ earnings preview suggests investors are waiting for confirmation that traffic, loyalty trends, and the “Back to Starbucks” turnaround plan are still improving. Earnings Preview: What To Expect From Starbucks’ Report
- Neutral Sentiment: Reuters reported that Starbucks defeated a shareholder lawsuit tied to sales declines in the U.S. and China, removing one legal overhang but not changing the core growth debate. Starbucks defeats shareholder lawsuit over US, China sales declines
- Negative Sentiment: Some coverage highlights that opinions on Starbucks remain mixed, reflecting uncertainty about the pace of the turnaround and whether sales momentum can fully reaccelerate. Starbucks vs. McDonald’s: Which Restaurant Stock Has the Edge Now?
Starbucks Stock Performance
Starbucks (NASDAQ:SBUX – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The company had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, sell-side analysts forecast that Starbucks Corporation will post 2.4 earnings per share for the current year.
Starbucks Announces Dividend
The business 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 dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is presently 187.88%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SBUX. Citizens Jmp initiated coverage on Starbucks in a report on Monday, March 30th. They issued an “underperform” rating and a $84.00 price objective for the company. Royal Bank Of Canada downgraded Starbucks from a “sector perform” rating to a “positive” rating in a report on Thursday, May 14th. Zacks Research downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wedbush initiated coverage on Starbucks in a research report on Thursday, May 14th. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Starbucks in a research report on Wednesday, April 29th. Nineteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.42.
Check Out Our Latest Stock Report on SBUX
Insider Buying and Selling
In related news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00. Following the sale, the chief executive officer owned 77,364 shares of the company’s stock, valued at $8,045,856. The trade was a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the sale, the executive vice president directly owned 57,653 shares in the company, valued at $6,053,565. This represents a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,687 shares of company stock worth $889,033 in the last quarter. Company insiders own 0.03% of the company’s stock.
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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