K.J. Harrison & Partners Inc Takes $1.02 Million Position in Starbucks Corporation $SBUX

K.J. Harrison & Partners Inc bought a new position in shares of Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the coffee company’s stock, valued at approximately $1,022,000.

Other institutional investors have also made changes to their positions in the company. Grandfield & Dodd LLC purchased a new position in shares of Starbucks during the 2nd quarter worth approximately $5,624,000. Auxano Advisors LLC purchased a new stake in Starbucks in the second quarter valued at approximately $2,727,000. Argyle Capital Partners LLC purchased a new stake in Starbucks in the second quarter valued at approximately $373,000. B & T Capital Management DBA Alpha Capital Management lifted its stake in Starbucks by 2.8% during the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 54,262 shares of the coffee company’s stock worth $5,545,000 after purchasing an additional 1,461 shares in the last quarter. Finally, MidFirst Bank acquired a new position in Starbucks during the second quarter worth $6,502,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SBUX shares. Compass Point initiated coverage on Starbucks in a report on Monday, August 3rd. They set a “buy” rating for the company. BNP Paribas Exane raised their price objective on shares of Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research note on Thursday, July 30th. Stephens assumed coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “overweight” rating for the company. Guggenheim assumed coverage on shares of Starbucks in a research note on Monday, August 3rd. They set a “buy” rating on the stock. Finally, BTIG Research reiterated a “buy” rating and set a $115.00 target price on shares of Starbucks in a report on Friday, July 31st. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $110.30.

Starbucks News Summary

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

In related news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction dated 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 owned 75,135 shares in the company, valued at $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 is available at 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 valued at $681,663 in the last quarter. Insiders own 0.03% of the company’s stock.

Starbucks Stock Up 3.0%

Shares of Starbucks stock opened at $107.08 on Friday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The firm’s 50 day moving average is $104.45 and its two-hundred day moving average is $100.36. The firm has a market capitalization 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 (NASDAQ:SBUX) last announced 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. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the previous year, the company earned $0.50 earnings per share. Starbucks’s quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, research analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks’s payout ratio 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.