Patriot Financial Group Insurance Agency LLC Cuts Stake in Starbucks Corporation $SBUX

Posted by Micah Haroldson on Jul 2nd, 2026

Patriot Financial Group Insurance Agency LLC cut its stake in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 53.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,356 shares of the coffee company’s stock after selling 5,034 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Starbucks were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SBUX. Rachor Investment Advisory Services LLC purchased a new position in Starbucks during the fourth quarter worth approximately $25,000. Phillip James Consulting Co. purchased a new stake in shares of Starbucks during the 4th quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks during the 4th quarter worth $25,000. Entrust Financial LLC purchased a new position in shares of Starbucks in the 4th quarter worth $26,000. Finally, JPL Wealth Management LLC acquired a new position in Starbucks in the third quarter valued at $27,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Trading Up 1.2%

Shares of NASDAQ SBUX opened at $103.39 on Thursday. The stock has a fifty day moving average price of $101.74 and a 200 day moving average price of $96.26. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $108.88. The company has a market cap of $117.83 billion, a P/E ratio of 78.33, a P/E/G ratio of 2.03 and a beta of 0.98.

Starbucks (NASDAQ:SBUX – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The company had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The firm’s quarterly revenue 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, sell-side analysts forecast that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 annualized dividend and a yield of 2.4%. Starbucks’s payout ratio is 187.88%.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

Positive Sentiment: Starbucks declared a quarterly cash dividend of $0.62 per share, reinforcing its commitment to returning capital to shareholders and signaling confidence in cash generation. Starbucks Declares Quarterly Cash Dividend
Positive Sentiment: Recent commentary highlights Starbucks’ plan to build smaller-format U.S. stores and expand its “third place” strategy, which could improve store density, customer traffic, and long-term brand relevance. Starbucks (SBUX) Is Building Smaller Stores To Deepen Its U.S. Footprint
Neutral Sentiment: Analysts remain focused on whether Starbucks can offset North America margin pressure in the second half of fiscal 2026, with easing coffee, tariff, and cost pressures viewed as important but not yet fully resolved. Can Starbucks Offset North America Margin Pressure in 2H FY26?
Neutral Sentiment: Starbucks is also being viewed as part of the functional drinks and wellness trend, with protein coffee and other menu innovations potentially supporting traffic and check size over time. Starbucks Declares Quarterly Cash Dividend
Negative Sentiment: Zacks Research downgraded Starbucks from strong-buy to hold, which can weigh on sentiment and suggests less upside in the near term. Zacks.com
Negative Sentiment: Separate coverage says Starbucks’ South Korea troubles are still creating headlines, adding to concerns that marketing missteps and international execution issues could continue to pressure the stock. Starbucks’ South Korea Troubles Continue With Baseball Team, Starbucks Stock (NASDAQ:SBUX) Dips

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group downgraded Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. DA Davidson lifted their price objective on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citigroup boosted their target price on Starbucks from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. TD Cowen raised shares of Starbucks from a “hold” rating to a “buy” rating and increased their target price for the stock from $106.00 to $120.00 in a research report on Thursday, May 14th. Finally, Tigress Financial began coverage on shares of Starbucks in a report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target on the stock. Nineteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.92.

Read Our Latest Analysis on Starbucks

Insider Buying and Selling

In other news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, the executive vice president directly owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total transaction of $233,621.49. Following the completion of the transaction, the chief executive officer owned 81,559 shares of the company’s stock, valued at $8,548,198.79. This trade represents a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 8,687 shares of company stock valued at $863,707. 0.03% of the stock is owned by company insiders.

Starbucks Company Profile

(Free Report)

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.