Palisade Capital Management LP Purchases Shares of 5,102 Starbucks Corporation $SBUX

Palisade Capital Management LP purchased a new stake in Starbucks Corporation (NASDAQ:SBUX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,102 shares of the coffee company’s stock, valued at approximately $521,000.

A number of other hedge funds have also modified their holdings of SBUX. BlackRock Inc. purchased a new stake in Starbucks in the 2nd quarter valued at approximately $8,504,509,000. Norges Bank purchased a new position in Starbucks during the fourth quarter worth $1,232,650,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Starbucks by 65.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock worth $1,637,704,000 after acquiring an additional 7,725,547 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Starbucks in the second quarter worth $779,790,000. Finally, Capital World Investors lifted its position in shares of Starbucks by 9.0% in the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after acquiring an additional 7,007,268 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on SBUX shares. Melius Research set a $110.00 price objective on Starbucks in a research note on Monday, August 3rd. Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the company a “buy” rating in a research note on Wednesday, May 6th. Sanford C. Bernstein lowered shares of Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. BNP Paribas Exane raised their price target on shares of Starbucks from $87.00 to $92.00 and gave the stock an “underperform” rating in a research note on Thursday, July 30th. Finally, Stephens started coverage on shares of Starbucks in a report on Thursday, May 14th. They set an “overweight” rating for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $110.30.

Starbucks Stock Performance

SBUX opened at $108.49 on Thursday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The company’s 50 day simple moving average is $104.82 and its 200 day simple moving average is $100.68. The stock has a market capitalization of $123.68 billion, a PE ratio of 62.35, a P/E/G ratio of 1.83 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (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 firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, sell-side analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company 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 dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s payout ratio is presently 142.53%.

Insider Activity at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were 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 filing with the SEC, which is available through 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 worth $681,663 over the last 90 days. Insiders own 0.03% of the company’s stock.

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

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.