Rep. Julie Johnson Sells Off Shares of Starbucks Co. (NASDAQ:SBUX)

Representative Julie Johnson (D-Texas) 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 1st. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

Starbucks Price Performance

NASDAQ:SBUX traded down $1.69 during trading hours on Friday, reaching $85.57. The company had a trading volume of 13,093,429 shares, compared to its average volume of 11,210,158. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The firm has a market cap of $97.24 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The business’s 50 day moving average price is $88.15 and its 200-day moving average price is $96.50.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) 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 company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on SBUX shares. Guggenheim decreased their price target on Starbucks from $95.00 to $83.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Jefferies Financial Group raised Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 target price for the company in a research note on Wednesday, April 9th. Stifel Nicolaus reduced their target price on Starbucks from $103.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Citigroup reduced their target price on Starbucks from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Finally, StockNews.com raised Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, May 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.72.

Institutional Trading of Starbucks

Several large investors have recently added to or reduced their stakes in SBUX. Financial Life Planners purchased a new stake in Starbucks in the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Starbucks in the 4th quarter valued at $25,000. Graney & King LLC purchased a new position in shares of Starbucks during the 4th quarter worth $26,000. Collier Financial purchased a new position in shares of Starbucks during the 4th quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Starbucks during the 4th quarter worth $27,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.