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

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $104.00, for a total transaction of $231,816.00. Following the completion of the transaction, the chief executive officer directly owned 77,364 shares in the company, valued at approximately $8,045,856. The trade was a 2.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 Thursday, June 11th, 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 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 value of $154,795.53.
• On Tuesday, May 5th, Brady Brewer sold 2,229 shares of Starbucks stock. The stock was 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.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $106.41 on Friday. The business has a 50-day moving average of $102.42 and a 200-day moving average of $97.01. The stock has a market capitalization of $121.28 billion, a price-to-earnings ratio of 80.61, a PEG ratio of 2.06 and a beta of 0.98. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, sell-side analysts expect that Starbucks Corporation will post 2.4 EPS for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s payout ratio is 187.88%.

Institutional Trading of Starbucks

Hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. raised its holdings in shares of Starbucks by 1.0% during the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock valued at $849,000 after purchasing an additional 97 shares during the period. Beta Wealth Group Inc. boosted its holdings in Starbucks by 1.7% during the first quarter. Beta Wealth Group Inc. now owns 6,114 shares of the coffee company’s stock worth $548,000 after purchasing an additional 103 shares during the last quarter. NWF Advisory Services Inc. boosted 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 during the last quarter. Godshalk Welsh Capital Management Inc. boosted its position in Starbucks by 0.8% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 13,610 shares of the coffee company’s stock worth $1,219,000 after purchasing an additional 110 shares during the last quarter. Finally, Eastern Bank grew its position in Starbucks by 0.9% during the second quarter. Eastern Bank now owns 13,115 shares of the coffee company’s stock valued at $1,340,000 after buying an additional 111 shares during the period. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

SBUX has been the topic of several research analyst reports. Royal Bank Of Canada cut shares of Starbucks from a “sector perform” rating to a “positive” rating in a report on Thursday, May 14th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $115.00 price target (up from $110.00) on shares of Starbucks in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Starbucks in a research note on Wednesday, April 29th. Robert W. Baird raised their price target on shares of Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, TD Cowen raised Starbucks from a “hold” rating to a “buy” rating and raised their price objective for the company from $106.00 to $120.00 in a report on Thursday, May 14th. Nineteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.92.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks is reportedly developing in-house AI tools that could replace third-party software, potentially lowering its software and operating expenses and improving margins. Starbucks Stock Rises Amid In-House Software Push
• Positive Sentiment: Investors are also encouraged by the idea that Starbucks can use AI to reduce reliance on outside vendors, supporting a broader cost-reduction initiative and possible earnings leverage over time. Starbucks Targets $400 Million Software Spend With AI Shift
• Positive Sentiment: Recent commentary has also kept focus on Starbucks’ improving traffic, loyalty growth, and turnaround efforts, which has helped sustain bullish sentiment near the stock’s recent highs. Starbucks Near Its 52-Week High: Can the Stock Sustain the Rally?
• Neutral Sentiment: CEO Brady Brewer sold shares under a pre-arranged 10b5-1 plan. The sale is not necessarily a negative signal, but investors may still note the insider transaction. SEC Form 4 filing
• Neutral Sentiment: Starbucks remains near its 52-week high after a strong run, which can attract momentum buyers but also raises valuation concerns for some investors. Starbucks Near Its 52-Week High: Can the Stock Sustain the Rally?

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.