Pinnacle West Asset Management Inc. Invests $742,000 in Starbucks Corporation $SBUX

Pinnacle West Asset Management Inc. purchased a new position in Starbucks Corporation (NASDAQ:SBUX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,260 shares of the coffee company’s stock, valued at approximately $742,000.

Several other institutional investors also recently added to or reduced their stakes in SBUX. Rachor Investment Advisory Services LLC bought a new stake in Starbucks in the fourth quarter worth about $25,000. Cornerstone Financial Management LLC bought a new position in shares of Starbucks during the 4th quarter valued at approximately $25,000. Phillip James Consulting Co. purchased a new stake in shares of Starbucks during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Starbucks during the 2nd quarter worth approximately $25,000. Finally, Entrust Financial LLC bought a new stake in shares of Starbucks in the 4th quarter worth approximately $26,000. Institutional investors own 72.29% of the company’s stock.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks’ coffee strategy is drawing renewed investor attention as management focuses on improving the customer experience, store performance and operational execution. Starbucks Coffee Strategy Draws Fresh Attention
• Positive Sentiment: The fall menu includes the return of a 23-year-old customer favorite along with nine new seasonal food and beverage items, providing a potential near-term traffic and sales catalyst. Starbucks Fall Menu 2026
• Positive Sentiment: The limited-time Unicorn Frappuccino reportedly produced Starbucks’ biggest sales weekend ever and lifted traffic 28.5% versus a typical Saturday, supporting the case that innovative promotions can attract customers. Starbucks Unicorn Frappuccino Sales
• Positive Sentiment: Analyst commentary highlights SBUX’s roughly 27% year-to-date advance, stronger traffic, recovering margins and raised guidance. Recent earnings also exceeded expectations, with quarterly EPS of $0.85 versus a $0.66 consensus and revenue of $9.32 billion. Starbucks Stock Gains 27 Percent Year to Date
• Neutral Sentiment: Starbucks has received a consensus analyst rating of “Hold,” suggesting that improving fundamentals are currently balanced against the stock’s already strong rally and execution risks. Starbucks Consensus Hold Rating
• Negative Sentiment: At a premium valuation, SBUX could experience greater volatility if consumer spending weakens or investors reduce expectations for the turnaround. Higher input costs and broader consumer uncertainty remain key risks. High-Flying Stocks With Warning Signs
• Negative Sentiment: Starbucks plans to eliminate more than 200 positions at its Seattle headquarters and shift some roles to Nashville. The restructuring may improve efficiency, but the layoffs could signal ongoing cost and organizational pressure. Starbucks Seattle Headquarters Layoffs

Starbucks Price Performance

NASDAQ:SBUX opened at $107.49 on Tuesday. The company has a market cap of $122.54 billion, a P/E ratio of 61.78, a P/E/G ratio of 1.85 and a beta of 0.97. The stock’s fifty day moving average price is $104.57 and its two-hundred day moving average price is $100.53. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51.

Starbucks (NASDAQ:SBUX) last posted its quarterly 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 firm had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

Analyst Upgrades and Downgrades

SBUX has been the topic of several research analyst reports. Wedbush assumed coverage on Starbucks in a research note on Thursday, May 14th. They issued an “outperform” rating on the stock. TD Cowen restated a “buy” rating on shares of Starbucks in a research note on Tuesday, August 18th. DA Davidson upped their price target on Starbucks from $102.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Piper Sandler reiterated an “overweight” rating and set a $110.00 price target on shares of Starbucks in a research note on Wednesday, April 29th. Finally, BNP Paribas Exane lifted their price objective on Starbucks from $87.00 to $92.00 and gave the stock an “underperform” rating in a report on Thursday, July 30th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $110.30.

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 stock was 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 of the company’s stock, valued at $7,963,558.65. The trade was a 2.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 6,687 shares of company stock worth $681,663. 0.03% of the stock is owned by 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.