785,220 Shares in Starbucks Corporation $SBUX Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Starbucks Corporation (NASDAQ:SBUX) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 785,220 shares of the coffee company’s stock, valued at approximately $80,242,000.

Several other hedge funds have also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks in the 4th quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $25,000. Phillip James Consulting Co. acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in Starbucks in the second quarter valued at approximately $25,000. Finally, Entrust Financial LLC bought a new position in Starbucks in the fourth quarter valued at approximately $26,000. 72.29% of the stock is owned by institutional investors.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Seasonal promotions are supporting the turnaround. Starbucks launched its fall menu and Pumpkin Spice Latte season, while the limited-time Unicorn Frappuccino reportedly generated the company’s highest sales weekend on record and lifted traffic 28.5% above a typical Saturday. New offerings, including the Blueberry Matcha Daily Fiber Bar, are also intended to drive visits and strengthen the “Back to Starbucks” strategy. Starbucks Unicorn Frappuccino drives biggest sales weekend ever
• Positive Sentiment: Analyst sentiment remains constructive. Baird initiated coverage with an Outperform rating and a $124 price target, implying additional upside based on expectations for improved traffic, margin recovery and continued execution of the turnaround. Starbucks has also reported better-than-expected recent earnings and maintained fiscal 2026 EPS guidance of $2.55–$2.65. Baird sees upside for Starbucks
• Neutral Sentiment: Corporate restructuring continues. Starbucks plans to eliminate more than 200 Seattle-area corporate positions and shift some roles to Nashville. The cuts could reduce costs and streamline operations, but they also highlight ongoing execution challenges and may create transition or morale risks. Starbucks is cutting more than 200 jobs
• Negative Sentiment: Labor conflict is the main near-term overhang. Starbucks Workers United is urging more than 12,000 unionized baristas and customers to boycott the chain during the Pumpkin Spice Latte launch until management reaches a contract agreement. The financial impact depends on participation, but a sustained boycott could undermine the traffic gains investors are watching and add reputational and labor costs. Starbucks union calls for boycott

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $105.76 on Wednesday. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51. The company has a market capitalization of $120.57 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. The company has a fifty day moving average of $104.65 and a 200-day moving average of $100.59.

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

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.62 per share. 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 (DPR) is presently 142.53%.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the sale, the chief executive officer directly owned 75,135 shares in the company, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 worth $681,663 over the last quarter. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus set a $117.00 target price on Starbucks and gave the stock a “buy” rating in a research note on Wednesday, May 6th. TD Cowen reiterated a “buy” rating on shares of Starbucks in a research note on Tuesday, August 18th. Wells Fargo & Company cut Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Stephens initiated coverage on Starbucks in a research report on Thursday, May 14th. They set an “overweight” rating for the company. Finally, BTIG Research reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, July 31st. Nineteen 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 company’s stock. According to MarketBeat.com, Starbucks has an average rating of “Hold” and a consensus price target of $110.30.

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.