Brady Brewer Sells 2,229 Shares of Starbucks (NASDAQ:SBUX) Stock

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the transaction, the chief executive officer directly owned 81,559 shares in the company, valued at $8,548,198.79. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brady Brewer also recently made the following trade(s):

• On Friday, April 17th, Brady Brewer sold 588 shares of Starbucks stock. The shares were sold at an average price of $100.00, for a total value of $58,800.00.
• On Monday, April 6th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $90.00, for a total value of $147,690.00.
• On Monday, March 9th, Brady Brewer sold 588 shares of Starbucks stock. The shares were sold at an average price of $100.00, for a total value of $58,800.00.
• On Thursday, March 5th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $97.12, for a total value of $159,373.92.

Starbucks Stock Up 0.6%

Shares of SBUX stock opened at $104.93 on Friday. The stock has a 50-day simple moving average of $97.07 and a 200 day simple moving average of $91.54. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $107.55. The stock has a market capitalization of $119.55 billion, a P/E ratio of 79.49, a P/E/G ratio of 2.11 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter last year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, sell-side analysts anticipate that Starbucks Corporation will post 2.41 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is currently 187.88%.

Hedge Funds Weigh In On Starbucks

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB boosted its position in Starbucks by 3.2% during the 3rd quarter. Nordea Investment Management AB now owns 433,112 shares of the coffee company’s stock worth $36,576,000 after acquiring an additional 13,262 shares during the period. Providence Capital Advisors LLC acquired a new stake in Starbucks during the 3rd quarter worth about $6,099,000. Allstate Corp acquired a new stake in Starbucks during the 3rd quarter worth about $3,491,000. Vanguard Group Inc. boosted its position in Starbucks by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock worth $9,596,931,000 after acquiring an additional 577,279 shares during the period. Finally, Lantz Financial LLC boosted its position in Starbucks by 346.6% during the 3rd quarter. Lantz Financial LLC now owns 17,833 shares of the coffee company’s stock worth $1,509,000 after acquiring an additional 13,840 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Guggenheim reaffirmed a “neutral” rating and set a $97.00 target price (up from $95.00) on shares of Starbucks in a research note on Wednesday, April 29th. New Street Research set a $90.00 target price on Starbucks in a research note on Tuesday, January 27th. Piper Sandler reaffirmed an “overweight” rating and set a $110.00 target price on shares of Starbucks in a research note on Wednesday, April 29th. Tigress Financial started coverage on Starbucks in a research report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a research report on Wednesday, April 22nd. Sixteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

About Starbucks

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.