Royal Fund Management LLC Has $6.91 Million Stock Position in Starbucks Corporation $SBUX

Royal Fund Management LLC boosted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 9.1% in the 2nd quarter, Holdings Channel reports. The firm owned 67,628 shares of the coffee company’s stock after buying an additional 5,661 shares during the period. Royal Fund Management LLC’s holdings in Starbucks were worth $6,911,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SBUX. Venturi Wealth Management LLC increased its stake in shares of Starbucks by 3.9% in the 2nd quarter. Venturi Wealth Management LLC now owns 16,538 shares of the coffee company’s stock valued at $1,690,000 after purchasing an additional 618 shares during the last quarter. Aspiriant LLC lifted its position in shares of Starbucks by 10.2% during the 2nd quarter. Aspiriant LLC now owns 4,869 shares of the coffee company’s stock worth $498,000 after buying an additional 452 shares during the last quarter. Wellspring Financial Advisors LLC lifted its position in shares of Starbucks by 2.8% during the 2nd quarter. Wellspring Financial Advisors LLC now owns 4,249 shares of the coffee company’s stock worth $434,000 after buying an additional 117 shares during the last quarter. Mission Wealth Management LP boosted its stake in Starbucks by 99.7% in the second quarter. Mission Wealth Management LP now owns 34,723 shares of the coffee company’s stock valued at $3,548,000 after buying an additional 17,336 shares in the last quarter. Finally, Alpha Zero LLC bought a new position in Starbucks in the second quarter valued at about $301,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several research analyst reports. Guggenheim began coverage on Starbucks in a research note on Monday, August 3rd. They set a “buy” rating for the company. UBS Group raised their price target on shares of Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. TD Cowen initiated coverage on shares of Starbucks in a research report on Thursday, July 30th. They set a “buy” rating and a $120.00 price objective for the company. Compass Point assumed coverage on shares of Starbucks in a research note on Monday, August 3rd. They issued a “buy” rating for the company. Finally, Zacks Research lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Starbucks has an average rating of “Hold” and a consensus price target of $109.92.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 75,135 shares in the company, valued at approximately $7,963,558.65. This represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 6,687 shares of company stock worth $681,663. Insiders own 0.03% of the company’s stock.

Starbucks News Roundup

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 Trading Up 1.7%

Starbucks stock opened at $108.49 on Thursday. The company has a market capitalization of $123.68 billion, a PE ratio of 62.35, a P/E/G ratio of 1.84 and a beta of 0.97. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $109.23. The stock has a 50-day moving average price of $103.24 and a two-hundred day moving average price of $99.84.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the previous year, the business posted $0.50 earnings per share. The business’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. As a group, analysts predict that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 of this dividend is Friday, August 14th. Starbucks’s payout ratio is presently 142.53%.

About Starbucks

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.