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

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $110.00, for a total transaction of $245,190.00. Following the transaction, the chief executive officer owned 68,691 shares of the company’s stock, valued at approximately $7,556,010. This represents a 3.14% decrease in their ownership of the stock. The sale 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, October 20th, Brady Brewer sold 588 shares of Starbucks stock. The stock was sold at an average price of $100.00, for a total value of $58,800.00.
• On Monday, October 5th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $94.76, for a total value of $155,501.16.
• On Friday, September 4th, Brady Brewer sold 2,229 shares of Starbucks stock. The shares were sold at an average price of $105.60, for a total value of $235,382.40.

Starbucks Stock Performance

Shares of SBUX opened at $109.95 on Wednesday. Starbucks Corporation has a 52-week low of $81.97 and a 52-week high of $111.50. The firm has a market cap of $125.34 billion, a price-to-earnings ratio of 49.75, a PEG ratio of 1.81 and a beta of 1.01. The business’s fifty day moving average is $99.25 and its 200-day moving average is $100.18.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.22 billion. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. Starbucks’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. As a group, research analysts forecast that Starbucks Corporation will post 3.22 EPS for the current fiscal year.

Starbucks Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, November 13th. Starbucks’s dividend payout ratio (DPR) is currently 112.22%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SBUX shares. Rothschild & Co Redburn lifted their price target on shares of Starbucks from $81.00 to $82.00 and gave the company a “sell” rating in a report on Wednesday, September 30th. Argus increased their price objective on shares of Starbucks from $112.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Bank of America restated a “buy” rating on shares of Starbucks in a research report on Monday, November 2nd. Robert W. Baird decreased their target price on shares of Starbucks from $124.00 to $115.00 and set an “outperform” rating on the stock in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Starbucks from $112.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Twenty-one analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $108.83.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel resumed coverage with a Buy rating and a $115 price target, adding a bullish analyst view that helped support the stock’s recent advance. Starbucks rises as Stifel resumes coverage with Buy rating and $115 target
• Positive Sentiment: Starbucks is targeting 18% EPS growth in fiscal 2027, supported by margin expansion and cost savings, as well as an additional fiscal week. If achieved, stronger earnings could offset softer sales. Can SBUX Deliver 18% EPS Growth Despite a 1% Revenue Decline in FY27?
• Positive Sentiment: Starbucks raised its quarterly dividend to $0.63 from $0.62, a modest increase that may appeal to income-focused investors. The dividend implies a 2.3% yield at the cited share price. Starbucks insider trading report and dividend information
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 trading plan and retained 68,691 shares afterward. The planned sale may be less informative than an unplanned transaction. SEC insider transaction filing
• Negative Sentiment: The fiscal 2027 outlook calls for revenue to decline about 1%, making the targeted EPS growth reliant on cost savings and improved margins rather than sales growth. Execution will be important. Fiscal 2027 EPS and revenue outlook

Hedge Funds Weigh In On Starbucks

Several large investors have recently modified their holdings of SBUX. Meeder Asset Management Inc. bought a new stake in shares of Starbucks in the second quarter worth $25,000. Black Cypress Capital Management LLC acquired a new stake in Starbucks in the second quarter valued at $27,000. Center for Financial Planning Inc. increased its holdings in Starbucks by 125.2% in the third quarter. Center for Financial Planning Inc. now owns 295 shares of the coffee company’s stock valued at $28,000 after purchasing an additional 164 shares during the period. Financial Freedom LLC acquired a new stake in Starbucks in the third quarter valued at $30,000. Finally, John Boyer Inc. bought a new position in Starbucks during the 3rd quarter worth $31,000. Institutional investors own 72.29% of the company’s stock.

About Starbucks

Starbucks Corporation is a global coffee company that roasts, markets and sells coffee and other beverages, along with food and related merchandise. Its offerings include brewed coffee, espresso-based drinks, teas and packaged coffee products. The company serves customers through company-operated and licensed stores, as well as through retail and food-service partnerships. Its stores also sell items such as mugs and coffee-making equipment. Founded in Seattle in 1971, Starbucks operates in North America and international markets, including China.