Infrastructure Capital Advisors LLC acquired a new stake in shares of Starbucks Corporation (NASDAQ:SBUX – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,122 shares of the coffee company’s stock, valued at approximately $523,000.
Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Starbucks in the 2nd quarter valued at approximately $25,000. Black Cypress Capital Management LLC bought a new position in Starbucks during the second quarter worth $27,000. Rachor Investment Advisory Services LLC acquired a new position in Starbucks in the fourth quarter worth $25,000. Phillip James Consulting Co. acquired a new position in Starbucks in the fourth quarter worth $25,000. Finally, Cornerstone Financial Management LLC bought a new stake in Starbucks during the fourth quarter valued at $25,000. 72.29% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Starbucks in a report on Thursday, May 14th. They set a “buy” rating on the stock. BNP Paribas Exane lifted their price target on shares of Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a report on Thursday, July 30th. Raymond James Financial downgraded shares of Starbucks to an “outperform” rating in a research report on Monday, August 3rd. Morgan Stanley lowered shares of Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Finally, Robert W. Baird set a $124.00 target price on shares of Starbucks in a report on Thursday, July 30th. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.30.
Starbucks News Roundup
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Seasonal promotions are supporting the turnaround. Starbucks launched its fall menu and Pumpkin Spice Latte season, while the limited-time Unicorn Frappuccino reportedly generated the company’s highest sales weekend on record and lifted traffic 28.5% above a typical Saturday. New offerings, including the Blueberry Matcha Daily Fiber Bar, are also intended to drive visits and strengthen the “Back to Starbucks” strategy. Starbucks Unicorn Frappuccino drives biggest sales weekend ever
- Positive Sentiment: Analyst sentiment remains constructive. Baird initiated coverage with an Outperform rating and a $124 price target, implying additional upside based on expectations for improved traffic, margin recovery and continued execution of the turnaround. Starbucks has also reported better-than-expected recent earnings and maintained fiscal 2026 EPS guidance of $2.55–$2.65. Baird sees upside for Starbucks
- Neutral Sentiment: Corporate restructuring continues. Starbucks plans to eliminate more than 200 Seattle-area corporate positions and shift some roles to Nashville. The cuts could reduce costs and streamline operations, but they also highlight ongoing execution challenges and may create transition or morale risks. Starbucks is cutting more than 200 jobs
- Negative Sentiment: Labor conflict is the main near-term overhang. Starbucks Workers United is urging more than 12,000 unionized baristas and customers to boycott the chain during the Pumpkin Spice Latte launch until management reaches a contract agreement. The financial impact depends on participation, but a sustained boycott could undermine the traffic gains investors are watching and add reputational and labor costs. Starbucks union calls for boycott
Insiders Place Their Bets
In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the transaction, the chief executive officer owned 75,135 shares in the company, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is owned by insiders.
Starbucks Trading Down 1.6%
NASDAQ SBUX opened at $105.76 on Wednesday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The stock has a market cap of $120.57 billion, a price-to-earnings ratio of 60.78, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. The company has a 50-day moving average price of $104.65 and a two-hundred day moving average price of $100.59.
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, beating analysts’ consensus estimates of $0.66 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts expect that Starbucks Corporation will post 2.64 earnings per share 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 $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.
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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