Canandaigua National Bank & Trust Co. Purchases New Shares in Starbucks Corporation $SBUX

Canandaigua National Bank & Trust Co. bought a new stake in Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,053 shares of the coffee company’s stock, valued at approximately $823,000.

Several other hedge funds have also recently modified their holdings of SBUX. Pacific Excel Wealth Advisors Inc. bought a new stake in shares of Starbucks during the 2nd quarter worth $662,000. Bangor Savings Bank grew its position in Starbucks by 207.5% during the second quarter. Bangor Savings Bank now owns 326 shares of the coffee company’s stock valued at $33,000 after buying an additional 220 shares during the period. Meadowbrook Wealth Management LLC purchased a new stake in Starbucks during the second quarter worth about $587,000. First Financial Bank Trust Division purchased a new stake in Starbucks during the second quarter worth about $207,000. Finally, Adelphi Trust Co bought a new stake in Starbucks in the second quarter worth about $252,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 1.0%

Shares of NASDAQ SBUX opened at $106.00 on Thursday. The company has a market cap of $120.84 billion, a P/E ratio of 60.92, a P/E/G ratio of 1.81 and a beta of 0.97. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $109.23. The business has a 50-day simple moving average of $102.38 and a two-hundred day simple moving average of $99.42.

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

Starbucks Dividend Announcement

The company also recently declared 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 is Friday, August 14th. Starbucks’s payout ratio is 142.53%.

Key Starbucks News

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.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Tigress Financial started coverage on shares of Starbucks in a research report on Wednesday, April 15th. They set a “buy” rating and a $122.00 target price for the company. TD Cowen began coverage on Starbucks in a research note on Thursday, July 30th. They set a “buy” rating and a $120.00 price target for the company. Stifel Nicolaus set a $117.00 price objective on Starbucks and gave the company a “buy” rating in a research note on Wednesday, May 6th. Morgan Stanley downgraded shares of Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday. Finally, Citigroup lifted their target price on shares of Starbucks from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $111.96.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $104.00, for a total value of $231,816.00. Following the transaction, the chief executive officer owned 77,364 shares of the company’s stock, valued at approximately $8,045,856. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,458 shares of company stock valued at $445,412 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

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.