L2 Asset Management LLC Purchases Shares of 6,712 Starbucks Corporation $SBUX

L2 Asset Management LLC acquired a new stake in Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,712 shares of the coffee company’s stock, valued at approximately $686,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Starbucks during the 2nd quarter worth approximately $25,000. Black Cypress Capital Management LLC acquired a new stake in shares of Starbucks in the 2nd quarter valued at $27,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Starbucks during the 4th quarter worth $25,000. Phillip James Consulting Co. purchased a new stake in shares of Starbucks during the 4th quarter worth $25,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Starbucks during the fourth quarter worth $25,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

Shares of SBUX opened at $105.76 on Wednesday. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51. The stock has a market cap 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 firm has a fifty day moving average price of $104.65 and a 200 day moving average price of $100.59.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter last year, the company posted $0.50 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities analysts expect that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of analyst reports. UBS Group raised their price target on Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Zacks Research downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. DA Davidson raised their target price on Starbucks from $102.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Needham & Company LLC set a $120.00 target price on Starbucks in a research note on Tuesday, August 18th. Finally, Evercore reaffirmed an “outperform” rating on shares of Starbucks in a report on Thursday, July 30th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.30.

Starbucks News Summary

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

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks 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 transaction, the chief executive officer owned 75,135 shares of the company’s stock, valued at $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,687 shares of company stock worth $681,663. Company insiders own 0.03% of the company’s stock.

About Starbucks

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.