Elevation Point Wealth Partners LLC Buys Shares of 39,440 Starbucks Corporation $SBUX

Elevation Point Wealth Partners LLC purchased a new stake in Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, Holdings Channel reports. The firm purchased 39,440 shares of the coffee company’s stock, valued at approximately $4,030,000.

A number of other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in Starbucks during the 2nd quarter worth approximately $25,000. Black Cypress Capital Management LLC bought a new position in Starbucks in the second quarter valued at approximately $27,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Phillip James Consulting Co. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Starbucks during the fourth quarter worth $25,000. Institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were 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 of the company’s stock, valued at approximately $7,963,558.65. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 in the last 90 days. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SBUX has been the topic of several research reports. Scotiabank cut shares of Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. UBS Group lifted their price target on Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Wedbush started coverage on Starbucks in a research report on Thursday, May 14th. They set an “outperform” rating for the company. Robert W. Baird set a $124.00 price objective on Starbucks in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $126.00 target price on shares of Starbucks in a research report on Thursday, July 30th. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $110.30.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Seasonal promotions are supporting the turnaround. Starbucks launched its fall menu and Pumpkin Spice Latte season, while the limited-time Unicorn Frappuccino reportedly generated the company’s highest sales weekend on record and lifted traffic 28.5% above a typical Saturday. New offerings, including the Blueberry Matcha Daily Fiber Bar, are also intended to drive visits and strengthen the “Back to Starbucks” strategy. Starbucks Unicorn Frappuccino drives biggest sales weekend ever
• Positive Sentiment: Analyst sentiment remains constructive. Baird initiated coverage with an Outperform rating and a $124 price target, implying additional upside based on expectations for improved traffic, margin recovery and continued execution of the turnaround. Starbucks has also reported better-than-expected recent earnings and maintained fiscal 2026 EPS guidance of $2.55–$2.65. Baird sees upside for Starbucks
• Neutral Sentiment: Corporate restructuring continues. Starbucks plans to eliminate more than 200 Seattle-area corporate positions and shift some roles to Nashville. The cuts could reduce costs and streamline operations, but they also highlight ongoing execution challenges and may create transition or morale risks. Starbucks is cutting more than 200 jobs
• Negative Sentiment: Labor conflict is the main near-term overhang. Starbucks Workers United is urging more than 12,000 unionized baristas and customers to boycott the chain during the Pumpkin Spice Latte launch until management reaches a contract agreement. The financial impact depends on participation, but a sustained boycott could undermine the traffic gains investors are watching and add reputational and labor costs. Starbucks union calls for boycott

Starbucks Price Performance

Starbucks stock opened at $105.76 on Wednesday. The company has a market cap of $120.57 billion, a price-to-earnings ratio of 60.78, a P/E/G ratio of 1.86 and a beta of 0.97. The firm has a 50-day moving average of $104.65 and a 200-day moving average of $100.59. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51.

Starbucks (NASDAQ:SBUX) last posted 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. 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 business’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company 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 year.

Starbucks Dividend Announcement

The company 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 $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 (DPR) 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.