Campbell Newman Asset Management 13F: Adds $507K to SBUX Stake

Campbell Newman Asset Management boosted its holdings in Starbucks Corporation SBUX by 1.5% during the third quarter, according to a Form 13F filing disclosed with the SEC on October 22, 2026. The fund purchased an additional 5,394 shares to finish the period with 353,921 shares. The reported value of the stake reached approximately $33.3 million as of the filing date.

SBUX Starbucks Corporation

$101.50 ▲ +23.08% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Campbell Newman Asset Management's Starbucks Position

The firm expanded its investment in the coffee chain by 1.5%, increasing its previous share count of 348,527 by 5,394 units. Starbucks shares closed at $101.91 on the filing date of October 22, 2026.

Other Institutional Activity in Starbucks

Other large investors adjusted their positions in the coffee maker around the same reporting period. Assenagon Asset Management S.A. reduced its holdings by 2,724,197 shares, ending the quarter with 458,693 shares valued at about $43.1 million after an 85.6% cut.

Starbucks Corporation Stock Up 2.6%

Starbucks shares recently traded around $101.96 as of October 23, 2026, resting roughly even with its closing price on the filing date. The stock trades above both its 50-day moving average of $99.79 and its 200-day moving average of $99.37.

Recent Earnings

Starbucks reported trailing twelve-month revenue of $38.3 billion with basic earnings of $1.73 per share. The company generated a net profit margin of 5.2% and a negative year-over-year revenue growth rate of 1.4%. The next quarterly earnings report is scheduled for release on October 29, 2026, after the market closes.

Dividend

Starbucks pays an annual dividend rate of $2.52 per share, which corresponds to a dividend yield of 2.54%. The company maintains a high dividend payout ratio of 142.8%.

Insider Buying and Selling at Starbucks Corporation

Company insiders executed several share sales over recent months. Officer and International CEO Brady Brewer sold 2,229 shares on August 5, 2026, at an average price of $105.99 for a total of $236,252. Brewer sold another 2,229 shares on September 4, 2026, at $105.60 totaling $235,382, and 1,641 shares on October 5, 2026, at $94.76 totaling $155,501. Additionally, Brewer completed a planned sale of 588 shares on October 20, 2026, at $100.00 for a total value of $58,800.

Analysts Set New Price Targets

Analyst firms updated their views on the stock ahead of the filing. JP Morgan maintained an Overweight rating with a price target of $105.00 on September 29, 2026. UBS maintained a Neutral rating and set a $105.00 price target on October 8, 2026. DA Davidson kept a Neutral rating and a $110.00 target on October 9, 2026. Citigroup maintained a Neutral rating with a target of $104.00 on October 20, 2026, while Wells Fargo kept an Overweight rating and lowered its target from $125.00 to $120.00 on October 21, 2026.

About Starbucks

Starbucks Corporation operates retail coffee shops and roasts specialty coffees around the globe. The Seattle-based company sells popular beverages, whole bean coffees, and food items through international, North American, and channel development segments.

Bottom Line

Institutional investors continue to recalibrate large positions in Starbucks while the company prepares for its upcoming earnings announcement on October 29, 2026. Market participants will watch the upcoming financial results for signs of consumer demand across the restaurant operator's international and domestic footprints.