Oak Harvest Investment Services Boosts Stake in Starbucks Corporation $SBUX

Oak Harvest Investment Services increased its stake in Starbucks Corporation (NASDAQ:SBUX) by 34.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 113,839 shares of the coffee company’s stock after purchasing an additional 28,971 shares during the quarter. Starbucks makes up approximately 1.1% of Oak Harvest Investment Services’ investment portfolio, making the stock its 28th biggest position. Oak Harvest Investment Services’ holdings in Starbucks were worth $11,633,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Platform Technology Partners grew its holdings in Starbucks by 3.8% during the second quarter. Platform Technology Partners now owns 30,648 shares of the coffee company’s stock valued at $3,132,000 after purchasing an additional 1,119 shares during the period. Wealth Advisory Solutions LLC bought a new position in shares of Starbucks in the second quarter worth about $234,000. Quaker Wealth Management LLC lifted its position in shares of Starbucks by 60.9% during the 2nd quarter. Quaker Wealth Management LLC now owns 399 shares of the coffee company’s stock valued at $41,000 after buying an additional 151 shares in the last quarter. Petra Financial Advisors Inc. lifted its position in shares of Starbucks by 4.7% during the 2nd quarter. Petra Financial Advisors Inc. now owns 3,285 shares of the coffee company’s stock valued at $336,000 after buying an additional 148 shares in the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of Starbucks by 42.4% during the 2nd quarter. Bogart Wealth LLC now owns 2,705 shares of the coffee company’s stock valued at $276,000 after acquiring an additional 805 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Scotiabank lowered shares of Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Guggenheim assumed coverage on shares of Starbucks in a research note on Monday, August 3rd. They issued a “buy” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Starbucks in a research report on Monday, July 20th. Sanford C. Bernstein cut Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company lowered Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $109.92.

Starbucks Stock Performance

SBUX opened at $107.69 on Monday. The stock has a market capitalization of $122.77 billion, a price-to-earnings ratio of 61.89, a PEG ratio of 1.86 and a beta of 0.97. The company has a fifty day moving average of $103.78 and a 200 day moving average of $99.99. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, equities research analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

Insider Transactions at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction that occurred 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 approximately $7,963,558.65. This represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,687 shares of company stock valued at $681,663. 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.