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

Palisade Capital Management LP acquired a new position in shares of Starbucks Corporation (NASDAQ:SBUX) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 5,102 shares of the coffee company’s stock, valued at approximately $521,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SBUX. Canada Pension Plan Investment Board acquired a new position in Starbucks in the 2nd quarter valued at $100,590,000. Manatuck Hill Partners LLC acquired a new stake in shares of Starbucks in the 2nd quarter worth $715,000. Castleark Management LLC acquired a new stake in shares of Starbucks in the 2nd quarter worth $472,000. AFT Forsyth & Company Inc. purchased a new stake in shares of Starbucks in the second quarter valued at about $665,000. Finally, Legal & General Group Plc purchased a new stake in shares of Starbucks in the second quarter valued at about $649,622,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several analyst reports. Evercore reissued an “outperform” rating on shares of Starbucks in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. Stephens began coverage on Starbucks in a research note on Thursday, May 14th. They issued an “overweight” rating on the stock. BNP Paribas Exane upped their price objective on Starbucks from $87.00 to $92.00 and gave the stock an “underperform” rating in a report on Thursday, July 30th. Finally, TD Cowen reiterated a “buy” rating on shares of Starbucks in a research report on Tuesday, August 18th. One investment 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 issued a Sell rating to the company. According to MarketBeat, Starbucks has an average rating of “Hold” and a consensus target price of $110.30.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction 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 sale, the chief executive officer 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock worth $681,663 in the last quarter. 0.03% of the stock is currently owned by insiders.

Key Headlines Impacting Starbucks

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

Starbucks Trading Up 2.6%

Shares of Starbucks stock opened at $108.49 on Thursday. The company has a 50-day moving average of $104.82 and a two-hundred day moving average of $100.68. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51. The stock has a market cap of $123.68 billion, a PE ratio of 62.35, a price-to-earnings-growth ratio of 1.83 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 EPS for the quarter, topping the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, sell-side analysts forecast that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s payout ratio is presently 142.53%.

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.