Allspring Global Investments Holdings LLC Buys 1,169,536 Shares of Starbucks Corporation $SBUX

Allspring Global Investments Holdings LLC raised its stake in Starbucks Corporation (NASDAQ:SBUX) by 214.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,715,733 shares of the coffee company’s stock after buying an additional 1,169,536 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Starbucks were worth $155,154,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after acquiring an additional 81,952 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Starbucks by 47.0% in the second quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after acquiring an additional 1,164 shares during the period. Flow Traders U.S. LLC bought a new stake in Starbucks in the second quarter valued at approximately $288,000. Gamco Investors INC. ET AL increased its position in Starbucks by 92.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock valued at $479,000 after purchasing an additional 2,515 shares during the period. Finally, NewEdge Advisors LLC increased its position in Starbucks by 7.6% during the 2nd quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock valued at $10,328,000 after purchasing an additional 7,978 shares during the period. Institutional investors own 72.29% of the company’s stock.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks is using AI to build more of its own software in an effort to cut costs, potentially reducing a major expense line and improving margins over time. Starbucks spends $400 million a year on software — now it’s using AI to build its own and cut out the middleman
• Positive Sentiment: A Reuters report said Starbucks defeated a shareholder lawsuit tied to declining U.S. and China sales, removing a potential legal overhang for the shares. Starbucks defeats shareholder lawsuit over US, China sales declines
• Positive Sentiment: Analyst commentary this week appears to be supporting the stock, with price-target increases reinforcing expectations that Starbucks’ recovery can continue. Why Starbucks (SBUX) Stock Is Up Today
• Neutral Sentiment: Starbucks announced it will release fiscal third-quarter 2026 results on July 29, which keeps investors focused on the next earnings update and management’s turnaround progress. Starbucks Announces Q3 Fiscal Year 2026 Results Conference Call
• Neutral Sentiment: Coverage comparing Starbucks with McDonald’s and other restaurant stocks highlights ongoing investor debate about valuation and turnaround potential rather than a clear new catalyst. Starbucks vs. McDonald’s: Which Restaurant Stock Has the Edge Now?
• Negative Sentiment: Starbucks labor troubles are still making headlines, including reports that union issues have expanded internationally, which could add pressure on operating costs and brand sentiment. Starbucks Labor Troubles go International, Starbucks Stock (NASDAQ:SBUX) Gains

Starbucks Trading Up 3.1%

Starbucks stock opened at $108.37 on Friday. The firm has a market capitalization of $123.51 billion, a price-to-earnings ratio of 82.10, a price-to-earnings-growth ratio of 2.09 and a beta of 0.98. The firm’s fifty day moving average price is $102.55 and its two-hundred day moving average price is $97.78. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The company had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, research analysts forecast that Starbucks Corporation will post 2.4 EPS for the current year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.62 dividend. 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 dividend payout ratio is presently 187.88%.

Insider Activity

In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the sale, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00. Following the transaction, the chief executive officer directly owned 77,364 shares in the company, valued at approximately $8,045,856. This represents a 2.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 8,687 shares of company stock valued at $889,033. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SBUX. BNP Paribas Exane started coverage on shares of Starbucks in a research report on Thursday, May 14th. They issued an “underperform” rating on the stock. Wedbush assumed coverage on shares of Starbucks in a research report on Thursday, May 14th. They set an “outperform” rating for the company. Evercore lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. BTIG Research lowered shares of Starbucks from a “buy” rating to a “neutral” rating in a report on Thursday, May 14th. Finally, Citizens Jmp initiated coverage on shares of Starbucks in a report on Monday, March 30th. They issued an “underperform” rating and a $84.00 target price on the stock. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.42.

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.