Starbucks (NASDAQ:SBUX) CEO Brady Brewer Sells 1,641 Shares

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 1,641 shares of Starbucks stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $94.33, for a total value of $154,795.53. Following the completion of the transaction, the chief executive officer directly owned 80,181 shares in the company, valued at $7,563,473.73. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 5th, Brady Brewer sold 2,229 shares of Starbucks stock. The shares were sold at an average price of $104.81, for a total value of $233,621.49.
• 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.

Starbucks Stock Performance

Shares of NASDAQ:SBUX traded up $2.59 during mid-day trading on Tuesday, hitting $97.41. 10,618,078 shares of the company traded hands, compared to its average volume of 8,576,172. The firm has a market cap of $111.02 billion, a P/E ratio of 73.80, a PEG ratio of 1.88 and a beta of 0.98. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $108.88. The firm’s 50 day simple moving average is $99.31 and its 200 day simple moving average is $94.26.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS 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 for the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the business posted $0.41 EPS. The company’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities research analysts expect that Starbucks Corporation will post 2.42 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.62 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 2.5%. Starbucks’s dividend payout ratio (DPR) is presently 187.88%.

Institutional Trading of Starbucks

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. raised its stake in shares of Starbucks by 1.0% in the 1st quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock worth $849,000 after buying an additional 97 shares in the last quarter. Beta Wealth Group Inc. raised its stake in shares of Starbucks by 1.7% in the 1st quarter. Beta Wealth Group Inc. now owns 6,114 shares of the coffee company’s stock worth $548,000 after buying an additional 103 shares in the last quarter. NWF Advisory Services Inc. raised its stake in shares of Starbucks by 2.6% in the 4th quarter. NWF Advisory Services Inc. now owns 4,349 shares of the coffee company’s stock worth $366,000 after buying an additional 109 shares in the last quarter. Godshalk Welsh Capital Management Inc. raised its stake in shares of Starbucks by 0.8% in the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 13,610 shares of the coffee company’s stock worth $1,219,000 after buying an additional 110 shares in the last quarter. Finally, Aerodigm Wealth LLC raised its stake in shares of Starbucks by 2.7% in the 4th quarter. Aerodigm Wealth LLC now owns 4,245 shares of the coffee company’s stock worth $357,000 after buying an additional 112 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks is drawing attention for its expanded Refresher lineup, including blended options launching in July, which could help drive more afternoon traffic and support sales growth. Starbucks’ latest drink launch is a bet on the future of fast food beverages
• Positive Sentiment: Investors are reacting to reports that Starbucks is seeing encouraging growth beyond the morning rush, reinforcing confidence in CEO Brian Niccol’s turnaround strategy and the company’s push to build a stronger all-day business. Starbucks Sees Encouraging Growth beyond the Morning Rush, CNBC Reports
• Positive Sentiment: Analysts have highlighted Starbucks’ $2 billion cost-savings plan and rising margins as potential drivers of faster earnings growth, which is supporting sentiment around the stock. Can Starbucks’ $2 Billion Cost-Savings Plan Accelerate EPS Growth?
• Neutral Sentiment: Starbucks presented at the Evercore Consumer & Retail Conference, giving management another investor-facing platform to discuss its turnaround and growth strategy. Starbucks Corporation (SBUX) Presents at The 6th Annual Evercore Consumer & Retail Conference Transcript
• Neutral Sentiment: A report that a Starbucks competitor is the fastest-growing brand in America is a reminder of intense competition in beverages and quick-service coffee, though it does not directly change Starbucks’ near-term fundamentals. This Starbucks competitor is the fastest-growing brand in America, says Yelp
• Negative Sentiment: Broader weakness in tech and AI-related stocks may be weighing on risk appetite overall, but the impact on Starbucks appears indirect rather than company-specific. Deja Vu? AI Overspending Fears Renew

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SBUX shares. Evercore boosted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Wolfe Research started coverage on Starbucks in a research report on Monday, March 9th. They set a “peer perform” rating for the company. Dbs Bank upgraded Starbucks from a “strong sell” rating to a “moderate sell” rating in a research report on Friday, March 20th. BTIG Research lowered Starbucks from a “buy” rating to a “neutral” rating in a research report on Thursday, May 14th. Finally, BNP Paribas Exane started coverage on Starbucks in a research report on Thursday, May 14th. They set an “underperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.48.

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.