8,053 Shares in Starbucks Corporation $SBUX Acquired by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. acquired a new position in Starbucks Corporation (NASDAQ:SBUX) in the second quarter, HoldingsChannel reports. The firm acquired 8,053 shares of the coffee company’s stock, valued at approximately $823,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after purchasing an additional 81,952 shares during the period. Schnieders Capital Management LLC. raised its stake in Starbucks by 47.0% in the second quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after buying an additional 1,164 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Starbucks in the 2nd quarter valued at approximately $288,000. Gamco Investors INC. ET AL lifted its position in Starbucks by 92.8% during the second quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock valued at $479,000 after buying an additional 2,515 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Starbucks by 7.6% during the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock worth $10,328,000 after acquiring an additional 7,978 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Starbucks 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 directly 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 legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,458 shares of company stock valued at $445,412 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SBUX. BMO Capital Markets reissued an “outperform” rating and issued a $130.00 target price on shares of Starbucks in a research note on Thursday, July 30th. BNP Paribas Exane increased their price objective on shares of Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research report on Thursday, July 30th. The Goldman Sachs Group downgraded Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Raymond James Financial downgraded Starbucks to an “outperform” rating in a report on Monday. Finally, Wedbush started coverage on shares of Starbucks in a report on Thursday, May 14th. They set an “outperform” rating for the company. Nineteen equities 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.com, the company presently has a consensus rating of “Hold” and an average price target of $111.96.

Starbucks Stock Up 1.0%

Shares of Starbucks stock opened at $106.00 on Thursday. The firm has a market cap of $120.84 billion, a price-to-earnings ratio of 60.92, a PEG ratio of 1.81 and a beta of 0.97. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $109.23. The business has a 50-day moving average price of $102.38 and a 200-day moving average price of $99.42.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, equities analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is presently 142.53%.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Coverage of Brian Niccol’s turnaround points to improving operating performance and argues that long-term Starbucks investors have been rewarded. The recovery narrative is supporting continued optimism about the company’s growth prospects. Brian Niccol’s Turnaround Is Working, and Starbucks Has Rewarded Long-Term Believers
• Positive Sentiment: Starbucks is bringing back its Pumpkin Spice Latte this month alongside new fall beverages, food and merchandise. The seasonal launch could provide a traffic and sales boost during an important promotional period. Starbucks announces Pumpkin Spice Latte return date
• Positive Sentiment: The company is broadening its menu and reviving a popular customer favorite as it seeks to defend traffic against increasingly aggressive rivals. Starbucks Revives Fan Favorite as Traffic Slips
• Neutral Sentiment: Melius Research raised Starbucks to a “Hold” rating, an improvement in stance but not a bullish recommendation. Another analysis said the business is recovering while warning that the stock may already reflect much of the turnaround. Starbucks Raised to Hold at Melius Research
• Negative Sentiment: Starbucks Korea’s headquarters was reportedly raided in connection with its “Tank Day” marketing campaign, creating potential reputational and regulatory concerns. Starbucks Korea provided a statement in the updated report. Starbucks Korea Headquarters Raided
• Negative Sentiment: Reporting on Niccol’s compensation—more than $120 million since he joined in late 2024—could draw shareholder criticism over pay relative to performance. What makes a CEO worth $31 million a year?
• Negative Sentiment: Analysts and commentators also caution that Starbucks’ recovery may be fully valued, while potential store closures and competition from Dutch Bros could limit future upside.

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.