Rep. Josh Gottheimer Sells Off Shares of Starbucks Co. (NASDAQ:SBUX)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Starbucks Co. (NASDAQ:SBUX). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Starbucks stock on April 17th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 4/23/2025.
• Purchased $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Hillman Solutions (NASDAQ:HLMN) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 4/17/2025.

Starbucks Stock Down 1.9%

NASDAQ SBUX opened at $85.57 on Friday. The stock’s 50-day simple moving average is $88.15 and its two-hundred day simple moving average is $96.50. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The company has a market capitalization of $97.24 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The firm had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.90 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.85%. Starbucks’s payout ratio is 88.41%.

Institutional Trading of Starbucks

Several large investors have recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Starbucks during the 4th quarter worth approximately $25,000. Hughes Financial Services LLC purchased a new position in shares of Starbucks during the 1st quarter worth approximately $27,000. Financial Life Planners purchased a new position in shares of Starbucks during the 4th quarter worth approximately $25,000. Graney & King LLC purchased a new position in shares of Starbucks during the 4th quarter worth approximately $26,000. Finally, Collier Financial purchased a new position in shares of Starbucks during the 4th quarter worth approximately $27,000. 72.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday, May 10th. JPMorgan Chase & Co. lowered their price target on Starbucks from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird reiterated a “neutral” rating and issued a $85.00 price objective (down previously from $114.00) on shares of Starbucks in a report on Monday, April 7th. TD Securities decreased their price objective on Starbucks from $102.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Finally, Baird R W downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.72.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.