Oak Harvest Investment Services Acquires 28,971 Shares of Starbucks Corporation $SBUX

Oak Harvest Investment Services increased its stake in Starbucks Corporation (NASDAQ:SBUX) by 34.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 113,839 shares of the coffee company’s stock after acquiring an additional 28,971 shares during the period. Starbucks accounts for approximately 1.1% of Oak Harvest Investment Services’ holdings, making the stock its 28th largest holding. Oak Harvest Investment Services’ holdings in Starbucks were worth $11,633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in shares of Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after purchasing an additional 81,952 shares during the period. Schnieders Capital Management LLC. increased its position in shares of Starbucks by 47.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock valued at $334,000 after purchasing an additional 1,164 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Starbucks during the 2nd quarter valued at $288,000. Gamco Investors INC. ET AL lifted its position in Starbucks by 92.8% in the second quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock worth $479,000 after buying an additional 2,515 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Starbucks by 7.6% in the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock worth $10,328,000 after buying an additional 7,978 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

Starbucks stock opened at $107.69 on Monday. The stock has a market cap of $122.77 billion, a price-to-earnings ratio of 61.89, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. The firm has a 50-day moving average of $103.78 and a two-hundred day moving average of $99.99. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51.

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

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks’s payout ratio is 142.53%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SBUX shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 price objective on shares of Starbucks in a research report on Thursday, July 30th. Zacks Research lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Stephens started coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued an “overweight” rating for the company. The Goldman Sachs Group lowered Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $130.00 target price on shares of Starbucks in a research note on Thursday, July 30th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $109.92.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,687 shares of company stock valued at $681,663. 0.03% of the stock is currently owned by corporate insiders.

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.