Summitry LLC Decreases Stock Position in Starbucks Corporation $SBUX

Summitry LLC trimmed its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 661,824 shares of the coffee company’s stock after selling 109,607 shares during the quarter. Starbucks accounts for approximately 2.2% of Summitry LLC’s investment portfolio, making the stock its 14th largest position. Summitry LLC’s holdings in Starbucks were worth $67,632,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SBUX. Rachor Investment Advisory Services LLC bought a new stake in shares of Starbucks in the 4th quarter worth about $25,000. Phillip James Consulting Co. purchased a new position in shares of Starbucks during the 4th quarter worth about $25,000. Cornerstone Financial Management LLC bought a new position in Starbucks during the 4th quarter valued at about $25,000. Entrust Financial LLC bought a new position in Starbucks during the 4th quarter valued at about $26,000. Finally, Financial Freedom LLC raised its position in Starbucks by 296.2% in the 1st quarter. Financial Freedom LLC now owns 313 shares of the coffee company’s stock worth $28,000 after purchasing an additional 234 shares during the period. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on SBUX shares. Compass Point assumed coverage on shares of Starbucks in a research note on Monday, August 3rd. They issued a “buy” rating for the company. Zacks Research cut Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Melius Research set a $110.00 price target on Starbucks in a report on Monday, August 3rd. TD Cowen started 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. Finally, Stephens began coverage on Starbucks in a report on Thursday, May 14th. They set an “overweight” rating for the company. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $109.92.

Starbucks Price Performance

Starbucks stock opened at $108.55 on Friday. The stock has a market cap of $123.75 billion, a price-to-earnings ratio of 62.39, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The firm has a 50-day moving average of $103.53 and a two-hundred day moving average of $99.91.

Starbucks (NASDAQ:SBUX) last issued its 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. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period last year, the company posted $0.50 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Research analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently disclosed 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 yield of 2.3%. Starbucks’s dividend payout ratio is 142.53%.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the sale, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at $7,963,558.65. The trade was a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,687 shares of company stock worth $681,663. Company insiders own 0.03% of the company’s stock.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Strong U.S. performance supports the rally. Starbucks reportedly delivered 8% U.S. comparable-store sales growth, while quarterly earnings and revenue exceeded analyst expectations. Analysts subsequently raised price targets as high as $130, reinforcing expectations that the company’s turnaround and operating initiatives are gaining traction. Starbucks (SBUX) Stock Reaches 52-Week Peak Following Strong Q3 Performance
• Positive Sentiment: Options activity signals bullish positioning. Investors purchased 40,915 SBUX call options, 59% above the average daily call volume of 25,712. Although options activity can include hedging, the elevated call buying suggests increased speculative interest in further gains.
• Positive Sentiment: Technical momentum remains favorable. Starbucks reached fresh 52-week highs, and chart analysts say the stock is approaching the upper end of a multiyear trading range, potentially creating room for a breakout if momentum continues. Starbucks is close to the top of its multiyear range
• Neutral Sentiment: Energy drinks offer a potential growth avenue. Starbucks is among restaurant chains expanding into energy drinks, which could broaden its beverage lineup and attract new occasions, but the financial impact is not yet clear. Why fast food chains are going all in on energy drinks
• Negative Sentiment: Starbucks Korea reported its first quarterly loss in 27 years. A marketing controversy led to a boycott, political criticism and a police raid, highlighting reputational and execution risks in an important international market. Starbucks Korea Suffers First Loss in 27 Years on PR Debacle

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.