Corient Private Wealth LP bought a new position in shares of Starbucks Corporation (NASDAQ:SBUX – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 3,559,002 shares of the coffee company’s stock, valued at approximately $289,019,000.
A number of other hedge funds also recently bought and sold shares of SBUX. Jefferies Financial Group Inc. raised its holdings in Starbucks by 94.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock worth $7,938,000 after purchasing an additional 45,794 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of Starbucks by 20.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company’s stock worth $43,655,000 after buying an additional 87,926 shares during the period. Norges Bank acquired a new stake in Starbucks during the 4th quarter worth approximately $1,232,650,000. Brighton Jones LLC grew its position in Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after buying an additional 81,952 shares during the last quarter. Finally, Parkside Investments LLC purchased a new stake in shares of Starbucks in the fourth quarter valued at about $842,000. Institutional investors and hedge funds own 72.29% of the company’s stock.
Starbucks Trading Up 2.6%
Shares of SBUX stock opened at $108.49 on Thursday. The company has a market cap of $123.68 billion, a PE ratio of 62.35, a P/E/G ratio of 1.83 and a beta of 0.97. The company’s fifty day simple moving average is $104.82 and its 200-day simple moving average is $100.68. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51.
Starbucks Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. Starbucks’s dividend payout ratio is presently 142.53%.
Key Starbucks News
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Baird upgraded Starbucks to “Strong Buy.” Robert W. Baird raised its view on the stock, following an earlier Outperform rating and a $124 price target—roughly 15% above the recently cited share price. The upgrade supports the broader turnaround narrative under CEO Brian Niccol. Zacks.com
- Positive Sentiment: Fall menu and Pumpkin Spice Latte season are providing a seasonal sales catalyst. Starbucks launched its fall offerings, including the returning Pumpkin Spice Latte, while also promoting limited-time beverages and a Blueberry Matcha Daily Fiber Bar partnership. Early reports indicate refreshed products have supported customer traffic and weekend sales, reinforcing the “Back to Starbucks” strategy. Starbucks fall menu article
- Positive Sentiment: Restructuring is aimed at improving profitability. Starbucks is cutting more than 200 additional corporate jobs as part of a broader, approximately $2 billion turnaround effort. Cost reductions, improving comparable-store sales and expansion of operations in Nashville could strengthen margins if execution remains on track. Starbucks restructuring article
- Neutral Sentiment: Valuation leaves limited room for disappointment. Starbucks recently traded around $108.49, versus a 52-week range of $77.99 to $110.51, with a reported forward fiscal 2026 EPS outlook of $2.55–$2.65. The strong year-to-date performance reflects rising confidence in the turnaround, but also increases sensitivity to execution setbacks.
- Negative Sentiment: Workers United is urging customers to boycott Starbucks. More than 12,000 unionized baristas are seeking a contract and reportedly demanding $17-per-hour wages. The campaign coincides with the Pumpkin Spice Latte launch, creating a risk of reputational damage, weaker traffic or higher labor costs if negotiations remain stalled. Starbucks union boycott article
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Starbucks in a research note on Thursday, May 14th. They set a “buy” rating on the stock. BNP Paribas Exane boosted their price target on Starbucks from $87.00 to $92.00 and gave the stock an “underperform” rating in a report on Thursday, July 30th. Citigroup upped their price objective on shares of Starbucks from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Stephens assumed coverage on Starbucks in a research note on Thursday, May 14th. They issued an “overweight” rating on the stock. Finally, Needham & Company LLC set a $120.00 price target on Starbucks in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $110.30.
Check Out Our Latest Stock Analysis on SBUX
Insider Activity
In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the sale, the chief executive officer directly owned 75,135 shares in the company, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,687 shares of company stock valued at $681,663 in the last ninety days. 0.03% of the stock is currently owned by company insiders.
Starbucks Company 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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