Family Legacy Inc. Acquires Shares of 30,850 Starbucks Corporation $SBUX

Family Legacy Inc. acquired a new position in Starbucks Corporation (NASDAQ:SBUX) in the second quarter, HoldingsChannel.com reports. The fund acquired 30,850 shares of the coffee company’s stock, valued at approximately $3,153,000.

Several other hedge funds have also modified their holdings of SBUX. Clearstead Trust LLC purchased a new stake in shares of Starbucks during the 2nd quarter worth about $401,000. Bridgewater Advisors Inc. purchased a new position in shares of Starbucks in the 2nd quarter valued at about $599,000. SFE Investment Counsel purchased a new position in shares of Starbucks in the 2nd quarter valued at about $300,000. BIP Wealth LLC acquired a new position in Starbucks in the 2nd quarter worth about $330,000. Finally, Trifecta Capital Advisors LLC acquired a new position in Starbucks in the 2nd quarter worth about $3,244,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the 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 transaction, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. This represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 in the last three months. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. Robert W. Baird set a $124.00 price objective on Starbucks in a report on Thursday, July 30th. Sanford C. Bernstein downgraded Starbucks from an “outperform” rating to a “market perform” rating in a research note on Monday, August 3rd. Stifel Nicolaus set a $117.00 target price on Starbucks and gave the company a “buy” rating in a research report on Wednesday, May 6th. Compass Point assumed coverage on Starbucks in a research report on Monday, August 3rd. They set a “buy” rating on the stock. Finally, Needham & Company LLC set a $120.00 price target on shares of Starbucks in a research note on Tuesday. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $110.30.

Starbucks News Roundup

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 Trading Down 0.9%

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

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 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 during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the business earned $0.50 EPS. Starbucks’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. On average, sell-side analysts predict 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. Stockholders of record on Friday, August 14th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks’s payout ratio is currently 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.