Campbell Newman Asset Management Inc. Grows Stake in Starbucks Corporation $SBUX

Campbell Newman Asset Management Inc. raised its holdings in Starbucks Corporation (NASDAQ:SBUX) by 52.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 348,527 shares of the coffee company’s stock after buying an additional 119,177 shares during the quarter. Starbucks comprises 2.6% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its 16th largest position. Campbell Newman Asset Management Inc.’s holdings in Starbucks were worth $35,616,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SBUX. Rachor Investment Advisory Services LLC bought a new stake in Starbucks in the fourth quarter valued at $25,000. Phillip James Consulting Co. bought a new position in Starbucks in the 4th quarter worth $25,000. Cornerstone Financial Management LLC bought a new position in Starbucks in the 4th quarter worth $25,000. Entrust Financial LLC purchased a new stake in shares of Starbucks in the 4th quarter worth about $26,000. Finally, Financial Freedom LLC boosted its stake in shares of Starbucks by 296.2% during the 1st quarter. Financial Freedom LLC now owns 313 shares of the coffee company’s stock valued at $28,000 after purchasing an additional 234 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SBUX. TD Cowen started coverage on shares of Starbucks in a research note on Thursday, July 30th. They issued a “buy” rating and a $120.00 price target for the company. Sanford C. Bernstein downgraded Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. Melius Research set a $110.00 target price on Starbucks in a research report on Monday, August 3rd. BMO Capital Markets restated an “outperform” rating and set a $130.00 price target on shares of Starbucks in a research report on Thursday, July 30th. Finally, Zacks Research cut Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Nineteen equities 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 stock. According to MarketBeat, Starbucks has a consensus rating of “Hold” and a consensus price target of $109.92.

Starbucks Stock Performance

Shares of SBUX opened at $108.55 on Friday. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51. The firm’s 50-day simple moving average is $103.53 and its two-hundred day simple moving average is $99.91. The stock has a market cap of $123.75 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities research analysts predict that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Dividend Announcement

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

More Starbucks News

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

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the firm’s 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 transaction, the chief executive officer directly 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 Securities & Exchange Commission, which is available 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 valued at $681,663 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

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.