L2 Asset Management LLC Makes New Investment in Starbucks Corporation $SBUX

L2 Asset Management LLC acquired a new stake in Starbucks Corporation (NASDAQ:SBUX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,712 shares of the coffee company’s stock, valued at approximately $686,000.

Other hedge funds have also made changes to their positions in the company. Jefferies Financial Group Inc. lifted its position in Starbucks by 94.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock worth $7,938,000 after acquiring an additional 45,794 shares during the period. Swiss Life Asset Management Ltd increased its holdings in shares of Starbucks by 20.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company’s stock valued at $43,655,000 after purchasing an additional 87,926 shares during the period. Norges Bank purchased a new stake in shares of Starbucks during the fourth quarter worth approximately $1,232,650,000. Brighton Jones LLC raised its stake in shares of Starbucks by 86.5% during the fourth 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 last quarter. Finally, Parkside Investments LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $842,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

NASDAQ SBUX opened at $105.76 on Wednesday. The business has a 50 day moving average price of $104.65 and a 200 day moving average price of $100.59. The company has a market capitalization of $120.57 billion, a P/E ratio of 60.78, a PEG ratio of 1.86 and a beta of 0.97. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating 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 in the prior year, the company earned $0.50 earnings per share. Starbucks’s 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. On average, research analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

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

More Starbucks News

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

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the transaction, the chief executive officer owned 75,135 shares in the company, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,687 shares of company stock worth $681,663. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Stephens started coverage on shares of Starbucks in a research report on Thursday, May 14th. They issued an “overweight” rating on the stock. Wedbush initiated coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued an “outperform” rating for the company. TD Cowen reaffirmed a “buy” rating on shares of Starbucks in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 price target on shares of Starbucks in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group cut shares of Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $110.30.

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.