Sequoia Financial Advisors LLC Reduces Stock Position in Starbucks Corporation $SBUX

Sequoia Financial Advisors LLC trimmed its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 22.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,695 shares of the coffee company’s stock after selling 10,893 shares during the period. Sequoia Financial Advisors LLC’s holdings in Starbucks were worth $3,750,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SBUX. Sunbelt Securities Inc. grew its position in Starbucks by 1.0% in the 1st quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock worth $849,000 after purchasing an additional 97 shares during the period. Cypress Capital Management LLC WY lifted its holdings in shares of Starbucks by 30.9% during the 2nd quarter. Cypress Capital Management LLC WY now owns 424 shares of the coffee company’s stock valued at $43,000 after buying an additional 100 shares during the period. Webster Bank N. A. boosted its stake in shares of Starbucks by 7.8% in the 2nd quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock worth $143,000 after buying an additional 101 shares during the last quarter. Nilsine Partners LLC boosted its stake in shares of Starbucks by 1.0% in the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock worth $1,026,000 after buying an additional 101 shares during the last quarter. Finally, Beta Wealth Group Inc. grew its holdings in shares of Starbucks by 1.7% in the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock worth $635,000 after acquiring an additional 102 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 0.5%

NASDAQ SBUX opened at $98.74 on Friday. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51. The stock has a market cap of $112.56 billion, a price-to-earnings ratio of 56.75, a PEG ratio of 1.70 and a beta of 0.97. The company’s 50 day moving average is $105.16 and its two-hundred day moving average is $101.27.

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

Insider Activity at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $105.60, for a total transaction of $235,382.40. Following the completion of the sale, the chief executive officer owned 73,149 shares in the company, valued at approximately $7,724,534.40. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock valued at $703,450 in the last quarter. 0.03% of the stock is owned by insiders.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks plans to invest approximately $1 billion renovating as many as 8,000–9,000 North American company-operated stores. New seating, rugs, plants and other design upgrades are intended to increase customer dwell time, improve the in-store experience and support sales. Starbucks store renovation investment
• Positive Sentiment: Niccol said Starbucks’ “Back to Starbucks” turnaround is working and that roughly 1,500 or more upgraded locations could be completed by the end of the current fiscal year. The strategy focuses on service execution, café atmosphere and returning the brand to its coffeehouse roots. Starbucks CEO discusses café renovations
• Positive Sentiment: The company is emphasizing Refreshers and other cold beverages to drive afternoon traffic. The initiative could broaden Starbucks’ customer base and improve sales outside traditional morning coffee hours. Starbucks Refreshers strategy
• Neutral Sentiment: Starbucks has called for a safer Seattle, which could help improve the environment around stores and customer traffic, although the near-term financial impact is unclear. Starbucks and Seattle safety concerns
• Negative Sentiment: Workers at a Hamilton, Ontario, Starbucks have joined the United Steelworkers union, adding to labor-organizing activity in Canada. Broader unionization could increase labor costs and operational complexity. Hamilton Starbucks employees join union
• Negative Sentiment: Refreshers face rising competition from Dutch Bros and McDonald’s, raising doubts about whether the product push can generate sustained traffic gains. Starbucks also trades at an elevated valuation, while latest quarterly revenue declined 1.4% year over year despite an earnings beat.
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 plan. The transaction is relatively small but may attract attention from investors monitoring insider activity.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Compass Point began coverage on Starbucks in a report on Monday, August 3rd. They issued a “buy” rating on the stock. Robert W. Baird upgraded Starbucks to a “strong-buy” rating in a research note on Monday, August 24th. UBS Group upped their price target on shares of Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Zacks Research cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, BNP Paribas Exane boosted their target price on shares of Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $110.30.

About Starbucks

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.