524,550 Shares in Starbucks Corporation $SBUX Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC acquired a new stake in Starbucks Corporation (NASDAQ:SBUX) in the second quarter, according to its most recent filing with the SEC. The fund acquired 524,550 shares of the coffee company’s stock, valued at approximately $53,604,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBUX. Cornerstone Financial Management LLC bought a new stake in shares of Starbucks during the 4th quarter valued at $25,000. Phillip James Consulting Co. bought a new position in Starbucks in the 4th quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in Starbucks in the 2nd quarter worth about $25,000. Entrust Financial LLC purchased a new position in Starbucks during the 4th quarter valued at about $26,000. Finally, Kelleher Financial Advisors purchased a new position in Starbucks during the 3rd quarter valued at about $27,000. Institutional investors own 72.29% of the company’s stock.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Analyst upgrade: Robert W. Baird upgraded Starbucks to “strong buy,” signaling confidence in the company’s turnaround prospects and potentially supporting investor sentiment. Zacks report
• Positive Sentiment: Fall menu and marketing: Starbucks launched its seasonal menu, including the Pumpkin Spice Latte, supported by advertising featuring Martha Stewart. The promotion could drive customer traffic and strengthen seasonal sales. Starbucks launches fall menu Pumpkin Spice Latte advertising
• Positive Sentiment: Property transactions: A corporate Starbucks drive-thru in Jacksonville, Florida, was included in a $6.9 million pair of net-lease deals. While not a material financial event for Starbucks, the transaction highlights ongoing investor demand for Starbucks-occupied properties. Starbucks net-lease transaction
• Neutral Sentiment: Valuation and operating backdrop: Starbucks recently exceeded quarterly earnings and revenue expectations, but revenue declined year over year. With a relatively high earnings multiple, investors may require sustained improvement from the company’s turnaround plan.
• Negative Sentiment: Union-led boycott: Starbucks Workers United called for a boycott tied to stalled contract negotiations, seeking $17 hourly wages and a contract covering more than 12,000 baristas. The action presents near-term traffic, sales and reputational risks. Starbucks union boycott
• Negative Sentiment: Consumer caution: Reports questioning whether consumers are rethinking coffee purchases raise concerns about traffic and demand, particularly if customers trade down or reduce premium beverage spending. Consumer caution report
• Negative Sentiment: Turnaround costs: Additional job cuts as Starbucks expands its roughly $2 billion overhaul may pressure near-term morale and execution, even though management expects restructuring to improve efficiency over time. Starbucks job cuts and turnaround

Insider Transactions at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the 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 transaction, the chief executive officer owned 75,135 shares of the company’s stock, valued at $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 Securities & Exchange Commission, 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 valued at $681,663 in the last ninety days. 0.03% of the stock is currently owned by insiders.

Starbucks Price Performance

Shares of SBUX opened at $107.26 on Friday. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51. The company has a market capitalization of $122.28 billion, a P/E ratio of 61.64, a P/E/G ratio of 1.87 and a beta of 0.97. The firm’s 50 day simple moving average is $104.95 and its 200 day simple moving average is $100.73.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. 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, equities analysts anticipate that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks’s payout ratio is 142.53%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Zacks Research cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Citigroup boosted their price target on shares of Starbucks from $108.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. BNP Paribas Exane increased their price objective on Starbucks from $87.00 to $92.00 and gave the stock an “underperform” rating in a research report on Thursday, July 30th. Finally, Compass Point initiated coverage on Starbucks in a research note on Monday, August 3rd. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $110.30.

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.