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W.G. Shaheen & Associates DBA Whitney & Co Takes $1.72 Million Position in Starbucks Corporation $SBUX
W.G. Shaheen & Associates DBA Whitney & Co has acquired a new stake of 20,434 shares in Starbucks Corporation, valued at approximately $1.72 million, bringing total institutional ownership to about 72.29%. Starbucks recently reported strong Q2 fiscal year 2026 results, beating EPS and revenue expectations and raising its full-year guidance, which has led to analyst price target increases and a stock rally. Despite positive momentum from customer traffic recovery due to company investments, Starbucks faces near-term margin pressure and mixed insider transaction activity.