Oppenheimer Asset Management Inc. Acquires Shares of 260,110 Starbucks Corporation $SBUX

Oppenheimer Asset Management Inc. bought a new position in shares of Starbucks Corporation (NASDAQ:SBUX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 260,110 shares of the coffee company’s stock, valued at approximately $26,581,000.

Several other hedge funds also recently made changes to their positions in the company. Rachor Investment Advisory Services LLC bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new position in Starbucks in the fourth quarter worth $25,000. Phillip James Consulting Co. acquired a new position in Starbucks in the fourth quarter worth $25,000. Entrust Financial LLC bought a new stake in Starbucks during the fourth quarter valued at $26,000. Finally, Tucker Asset Management LLC bought a new stake in Starbucks during the fourth quarter valued at $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total transaction of $236,251.71. Following the transaction, the chief executive officer owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,687 shares of company stock valued at $681,663. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SBUX. BMO Capital Markets restated an “outperform” rating and issued a $130.00 price target on shares of Starbucks in a research report on Thursday, July 30th. DA Davidson increased their price objective on shares of Starbucks from $102.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the stock a “buy” rating in a report on Wednesday, May 6th. Sanford C. Bernstein cut Starbucks from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. Finally, Raymond James Financial lowered Starbucks to an “outperform” rating in a research report on Monday, August 3rd. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $110.30.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported strong recent operating momentum: global comparable sales increased 7.9% in fiscal third-quarter 2026, while revenue reached approximately $9.3 billion. The trends could support the company’s fiscal 2026 earnings outlook and reflect progress from investments in its coffeehouses. Can Starbucks’ Solid Comps Growth Support Stronger FY26 Earnings?
• Positive Sentiment: A promotional return of the Unicorn Frappuccino helped produce a record sales weekend, suggesting that limited-time products and brand engagement can continue to drive customer traffic. Starbucks Just Landed the Biggest Weekend in the Company’s History
• Neutral Sentiment: Investor comparisons with McDonald’s and Chipotle show that restaurant-stock performance in 2026 has favored companies undergoing structural change. Starbucks’ valuation remains elevated, making sustained sales and earnings improvement important for further upside. Which Restaurant Stock Has Dominated in 2026: McDonald’s, Chipotle, or Starbucks?
• Negative Sentiment: Starbucks is eliminating more than 200 corporate positions as part of its restructuring and approximately $2 billion cost-reduction effort. The cuts include technology, store design and construction, and coffeehouse development roles; 120 Seattle-based employees reportedly face separation after declining relocation to the new Nashville office. The company said the reductions do not involve cafe closures, but the announcement is raising concerns about disruption and turnaround execution. Starbucks Laying Off More Than 200 Workers in Streamlining Drive

Starbucks Price Performance

SBUX opened at $103.99 on Friday. The stock’s 50 day moving average price is $104.37 and its 200 day moving average price is $100.32. The stock has a market cap of $118.55 billion, a P/E ratio of 59.76, a P/E/G ratio of 1.81 and a beta of 0.97. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued 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 2.4%. Starbucks’s dividend payout ratio is presently 142.53%.

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.