HS Management Partners LLC bought a new position in Starbucks Corporation (NASDAQ:SBUX – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 56,808 shares of the coffee company’s stock, valued at approximately $5,805,000. Starbucks makes up about 2.0% of HS Management Partners LLC’s investment portfolio, making the stock its 23rd largest holding.
Several other large investors have also recently bought and sold shares of SBUX. Mowery & Schoenfeld Wealth Management LLC bought a new position in Starbucks in the second quarter valued at about $167,000. M. Kulyk & Associates LLC bought a new stake in shares of Starbucks during the second quarter worth about $342,000. Aljian Capital Management LLC acquired a new position in shares of Starbucks in the second quarter valued at approximately $2,507,000. Alpine Woods Capital Investors LLC acquired a new position in shares of Starbucks in the second quarter valued at approximately $1,470,000. Finally, Meeder Advisory Services Inc. bought a new position in Starbucks in the 2nd quarter valued at approximately $2,872,000. 72.29% of the stock is currently owned by institutional investors.
Starbucks Price Performance
Starbucks stock opened at $107.08 on Friday. The stock’s 50 day moving average is $104.45 and its 200 day moving average is $100.36. The firm has a market cap of $122.07 billion, a P/E ratio of 61.54, a P/E/G ratio of 1.85 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio is currently 142.53%.
Key Stories Impacting Starbucks
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Starbucks is eliminating more than 200 corporate positions as part of a broader restructuring and approximately $2 billion cost-reduction effort. Lower overhead could support profitability if the company maintains service levels and directs more resources toward its stores. The reductions do not involve cafe closures. Starbucks trims corporate ranks as coffeehouse investments deliver
- Positive Sentiment: Recent market commentary highlights Starbucks’ roughly 25% 2026 gain and suggests investors are rewarding its operational reset and investments in the cafe experience. The rally follows the company’s latest quarterly earnings beat, with adjusted EPS of $0.85 versus a $0.66 consensus estimate and revenue above expectations.
- Neutral Sentiment: The restructuring is relocating some corporate operations to a new, approximately $100 million Nashville office. Around 120 Seattle employees reportedly declined the move, while another 104 roles in store design and construction are being eliminated. Management characterizes the actions as part of the restructuring winding down, but the savings and impact on execution remain to be demonstrated. Starbucks cuts another 224 Seattle jobs
- Negative Sentiment: Starbucks continues to face challenges in China, where domestic competitors, shifting consumer preferences and geopolitical tensions are eroding the position of major U.S. brands. China weakness could limit international growth and pressure comparable sales. Why some of America’s biggest brands are losing ground in China
- Negative Sentiment: The stock’s strong performance has also produced a demanding valuation, with the supplied data showing a P/E ratio above 60. Investors may require sustained earnings growth from the turnaround to justify the premium, leaving SBUX vulnerable to disappointment.
Insider Buying and Selling at Starbucks
In other news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock worth $681,663 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 target price on shares of Starbucks in a research report on Thursday, July 30th. Royal Bank Of Canada restated a “sector perform” rating and issued a $115.00 price target (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. UBS Group raised their price target on shares of Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Robert W. Baird set a $124.00 price target on shares of Starbucks in a report on Thursday, July 30th. Finally, Guggenheim began coverage on shares of Starbucks in a research note on Monday, August 3rd. They issued a “buy” rating on the stock. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $110.30.
Check Out Our Latest Research Report on SBUX
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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