Mission Wealth Management LP Has $3.55 Million Position in Starbucks Corporation $SBUX

Mission Wealth Management LP increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 99.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 34,723 shares of the coffee company’s stock after purchasing an additional 17,336 shares during the period. Mission Wealth Management LP’s holdings in Starbucks were worth $3,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SBUX. Alpha Zero LLC bought a new stake in Starbucks during the 2nd quarter worth approximately $301,000. GHP Investment Advisors Inc. lifted its stake in Starbucks by 2.1% in the second quarter. GHP Investment Advisors Inc. now owns 5,321 shares of the coffee company’s stock valued at $544,000 after buying an additional 107 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Starbucks by 20.7% in the second quarter. Regent Peak Wealth Advisors LLC now owns 4,714 shares of the coffee company’s stock valued at $482,000 after buying an additional 809 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Starbucks in the second quarter valued at approximately $239,000. Finally, Tema ETFs LLC increased its position in shares of Starbucks by 10.4% during the second quarter. Tema ETFs LLC now owns 20,065 shares of the coffee company’s stock worth $2,050,000 after acquiring an additional 1,885 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the sale, the chief executive officer owned 75,135 shares in the company, valued at $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Starbucks Stock Performance

SBUX opened at $108.49 on Thursday. The business’s 50-day simple moving average is $103.24 and its 200 day simple moving average is $99.84. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $109.23. The firm has a market capitalization of $123.68 billion, a PE ratio of 62.35, a PEG ratio of 1.84 and a beta of 0.97.

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. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The firm had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the company earned $0.50 earnings per share. The business’s 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. On average, research analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Announces Dividend

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 issued 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%.

Analyst Ratings Changes

A number of equities research analysts recently commented on SBUX shares. TD Cowen began coverage on shares of Starbucks in a report on Thursday, July 30th. They set a “buy” rating and a $120.00 price objective on the stock. Sanford C. Bernstein lowered shares of Starbucks from an “outperform” rating to a “market perform” rating in a research note on Monday, August 3rd. Melius Research set a $110.00 target price on Starbucks in a report on Monday, August 3rd. Wells Fargo & Company downgraded Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $126.00 price target on shares of Starbucks in a report 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $109.92.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Fresh 52-week high: Starbucks reached $108.49, signaling strong momentum and renewed investor demand. The stock is approaching the upper end of its multiyear trading range, where a decisive breakout could attract additional technical buyers. Starbucks Reaches $108.49, a Fresh 52-Week High Starbucks Technical Breakout Analysis
• Positive Sentiment: Profitability focus: Coverage of Starbucks’ latest earnings call suggests management is emphasizing profits and operational performance over pursuing growth at any cost. That focus could support margins and investor confidence, particularly after the company exceeded quarterly earnings expectations in the supplied background information. Starbucks Earnings Call Signals Profits Over Growth
• Positive Sentiment: Energy-drink opportunity: Starbucks is among restaurant chains expanding into energy drinks, potentially broadening afternoon traffic, average sales and appeal to younger consumers. The strategy could create incremental growth, though its financial contribution is not yet clear. Fast-Food Chains Expand Into Energy Drinks
• Neutral Sentiment: Reports about Starbucks’ Canadian depository receipt and comparisons with other stocks provide market information but no new company-specific catalyst. Starbucks Canadian Depository Receipt Quote
• Neutral Sentiment: Starbucks’ inclusion in broader dividend-stock commentary does not materially change the company’s current outlook. S&P 500 Dividend Stock Commentary
• Negative Sentiment: At a market capitalization above $120 billion and a high earnings multiple, SBUX has limited room for disappointment. The technical rally could also encounter resistance near the top of its multiyear range.

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.