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

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the transaction, the chief executive officer owned 75,135 shares of the company’s stock, valued at $7,963,558.65. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 Monday, July 6th, Brady Brewer sold 2,229 shares of Starbucks stock. The shares were sold at an average price of $104.00, for a total value of $231,816.00.
• On Thursday, June 11th, 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 Friday, June 5th, Brady Brewer sold 1,641 shares of Starbucks stock. The stock was sold at an average price of $94.33, for a total transaction of $154,795.53.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $105.16 on Friday. The company’s 50 day moving average price is $102.47 and its 200-day moving average price is $99.51. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $109.23. The company has a market capitalization of $119.88 billion, a P/E ratio of 60.44, a price-to-earnings-growth ratio of 1.83 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the prior year, the company posted $0.50 earnings per share. Starbucks’s revenue for the quarter was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is 142.53%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Starbucks from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. The Goldman Sachs Group lowered Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. TD Cowen began coverage on shares of Starbucks in a research note on Thursday, July 30th. They issued a “buy” rating and a $120.00 price objective for the company. Raymond James Financial downgraded shares of Starbucks to an “outperform” rating in a research report on Monday. Finally, Melius Research set a $110.00 price target on shares of Starbucks in a report on Monday. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Hold” and a consensus target price of $111.96.

Institutional Investors Weigh In On Starbucks

A number of hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Starbucks by 86.5% in the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after buying an additional 81,952 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in Starbucks by 47.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock valued at $334,000 after acquiring an additional 1,164 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Starbucks in the 2nd quarter valued at about $288,000. Gamco Investors INC. ET AL boosted its stake in Starbucks by 92.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock valued at $479,000 after purchasing an additional 2,515 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Starbucks by 7.6% during the 2nd quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock valued at $10,328,000 after purchasing an additional 7,978 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

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.