933,923 Shares in Starbucks Corporation $SBUX Acquired by Everett Harris & Co. CA

Everett Harris & Co. CA bought a new position in Starbucks Corporation (NASDAQ:SBUX) in the second quarter, HoldingsChannel.com reports. The fund bought 933,923 shares of the coffee company’s stock, valued at approximately $95,438,000. Starbucks accounts for 1.2% of Everett Harris & Co. CA’s portfolio, making the stock its 18th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC purchased a new position in shares of Starbucks in the 4th quarter worth $25,000. Phillip James Consulting Co. purchased a new stake in Starbucks during the fourth quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new stake in Starbucks during the fourth quarter valued at $25,000. Entrust Financial LLC bought a new position in Starbucks in the fourth quarter valued at about $26,000. Finally, Financial Freedom LLC lifted its holdings in Starbucks by 296.2% in the first quarter. Financial Freedom LLC now owns 313 shares of the coffee company’s stock valued at $28,000 after acquiring an additional 234 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the transaction, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 currently owned by company insiders.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported strong recent operating momentum: global comparable sales increased 7.9% in fiscal third-quarter 2026, while revenue reached approximately $9.3 billion. The trends could support the company’s fiscal 2026 earnings outlook and reflect progress from investments in its coffeehouses. Can Starbucks’ Solid Comps Growth Support Stronger FY26 Earnings?
• Positive Sentiment: A promotional return of the Unicorn Frappuccino helped produce a record sales weekend, suggesting that limited-time products and brand engagement can continue to drive customer traffic. Starbucks Just Landed the Biggest Weekend in the Company’s History
• Neutral Sentiment: Investor comparisons with McDonald’s and Chipotle show that restaurant-stock performance in 2026 has favored companies undergoing structural change. Starbucks’ valuation remains elevated, making sustained sales and earnings improvement important for further upside. Which Restaurant Stock Has Dominated in 2026: McDonald’s, Chipotle, or Starbucks?
• Negative Sentiment: Starbucks is eliminating more than 200 corporate positions as part of its restructuring and approximately $2 billion cost-reduction effort. The cuts include technology, store design and construction, and coffeehouse development roles; 120 Seattle-based employees reportedly face separation after declining relocation to the new Nashville office. The company said the reductions do not involve cafe closures, but the announcement is raising concerns about disruption and turnaround execution. Starbucks Laying Off More Than 200 Workers in Streamlining Drive

Starbucks Stock Performance

Shares of Starbucks stock opened at $103.99 on Friday. The company has a market capitalization of $118.55 billion, a P/E ratio of 59.76, a P/E/G ratio of 1.81 and a beta of 0.97. The company has a fifty day moving average of $104.37 and a 200 day moving average of $100.32. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51.

Starbucks (NASDAQ:SBUX) last posted its quarterly 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. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period last year, the firm earned $0.50 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Analysts forecast that Starbucks Corporation will post 2.64 EPS for the current 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 paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is 142.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Starbucks in a research note on Monday, July 20th. Jefferies Financial Group began coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued a “buy” rating on the stock. Citigroup raised their price objective on shares of Starbucks from $108.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. TD Cowen restated a “buy” rating on shares of Starbucks in a research report on Tuesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $130.00 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 given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Starbucks currently has an average rating of “Hold” and an average target price of $110.30.

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.