Starbucks is closing about 1% of its stores across North America, a move that includes laying off approximately 900 employees. Six of those stores are located in Philadelphia, where they will shut down this weekend under the company’s broader restructuring efforts.

Westfuller Advisors LLC has acquired more than 11,000 shares of Starbucks, revealing a sizeable position now worth about $1 million. The recent transaction highlights continuing institutional interest in one of the world’s most recognized coffee chains.

Cigna Investments Inc. New made a modest adjustment to its Starbucks shares in the first quarter, cutting its position by 1.3%. According to a disclosure filed with the SEC, this move involved selling 150 shares, leaving the fund with 11,404 shares of the coffee giant’s stock.

Cigna Investments Inc. New recently reduced its Starbucks holdings by 1.3%, selling 150 shares in the first quarter. Despite the trimming, the investment still amounted to 11,404 shares, valued at $1,119,000 at the close of the reporting period.

William Blair analysts have raised their projected earnings for Starbucks in fiscal year 2026. The new estimate of $2.37 per share underscores a positive outlook for the coffee company’s financial performance.