Starbucks (NASDAQ:SBUX) CEO Sells $154,795.53 in Stock

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 1,641 shares of Starbucks stock in a transaction on Friday, June 5th. The shares were sold at an average price of $94.33, for a total transaction of $154,795.53. Following the transaction, the chief executive officer owned 80,181 shares in the company, valued at $7,563,473.73. The trade was a 2.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 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 transaction 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 transaction 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 transaction of $147,690.00.

Starbucks Trading Up 3.6%

NASDAQ:SBUX opened at $102.28 on Friday. The firm has a market capitalization of $116.57 billion, a price-to-earnings ratio of 77.49, a PEG ratio of 1.95 and a beta of 0.98. The firm’s fifty day simple moving average is $100.02 and its 200 day simple moving average is $94.59. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $108.88.

Starbucks (NASDAQ:SBUX) last posted 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. The business had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, analysts predict that Starbucks Corporation will post 2.42 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 2.4%. Starbucks’s payout ratio is presently 187.88%.

Analysts Set New Price Targets

A number of equities analysts have commented on SBUX shares. DA Davidson boosted their price objective on shares of Starbucks from $97.00 to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. UBS Group lowered shares of Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. TD Cowen upgraded shares of Starbucks from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $106.00 to $120.00 in a report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a report on Wednesday, April 22nd. Finally, BNP Paribas Exane started coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “underperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $107.93.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks is reportedly evaluating a sale or IPO-style transaction for its Japan operations, a move that could unlock value from one of its most important overseas markets and free up capital for other priorities. Starbucks Evaluates Sale and IPO Options for Japanese Operations (SBUX)
• Positive Sentiment: Additional reports said Starbucks has held early discussions with investment banks about strategic options in Japan, reinforcing speculation that management may take another asset-light step similar to its recent China ownership changes. Starbucks mulls options for Japan business, including stake sale
• Positive Sentiment: Business headlines also pointed to ongoing operational momentum, including stronger U.S. comparable-store sales, rising transactions across income groups, and improving operating income, which supports the view that the turnaround is gaining traction. Starbucks eyes massive change in key market
• Positive Sentiment: Investor enthusiasm was also reflected in unusually heavy call-option buying, a sign that some traders are positioning for further upside in SBUX. Starbucks eyes massive change in Japan
• Neutral Sentiment: CEO Brady Brewer disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is routine and not necessarily a bearish signal, but it can create modest headline noise. SEC filing

Hedge Funds Weigh In On Starbucks

A number of institutional investors have recently added to or reduced their stakes in SBUX. Pine Valley Investments Ltd Liability Co raised its stake in shares of Starbucks by 15.2% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 33,854 shares of the coffee company’s stock valued at $3,033,000 after purchasing an additional 4,472 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Starbucks by 5.2% in the 1st quarter. Parallel Advisors LLC now owns 45,752 shares of the coffee company’s stock valued at $4,099,000 after purchasing an additional 2,241 shares in the last quarter. First Nebraska Trust Co acquired a new stake in shares of Starbucks in the 1st quarter valued at about $412,000. Security Financial Services INC. acquired a new stake in shares of Starbucks in the 1st quarter valued at about $202,000. Finally, Westshore Wealth LLC raised its stake in shares of Starbucks by 37.9% in the 1st quarter. Westshore Wealth LLC now owns 4,236 shares of the coffee company’s stock valued at $380,000 after purchasing an additional 1,164 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

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.