Brady Brewer Sells 1,641 Shares of Starbucks (NASDAQ:SBUX) Stock

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 1,641 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $94.33, for a total value of $154,795.53. Following the completion of the transaction, the chief executive officer directly owned 80,181 shares in the company, valued at approximately $7,563,473.73. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brady Brewer also recently made the following trade(s):

• On Tuesday, May 5th, Brady Brewer sold 2,229 shares of Starbucks stock. The shares were sold at an average price of $104.81, for a total value 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 value of $58,800.00.
• On Monday, April 6th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $90.00, for a total value of $147,690.00.

Starbucks Trading Up 1.4%

SBUX stock opened at $98.76 on Thursday. The firm has a market cap of $112.56 billion, a P/E ratio of 74.82, a P/E/G ratio of 1.92 and a beta of 0.98. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $108.88. The stock’s 50 day simple moving average is $99.77 and its 200 day simple moving average is $94.47.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The business 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 revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, research analysts forecast that Starbucks Corporation will post 2.42 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Starbucks’s dividend payout ratio is currently 187.88%.

Institutional Investors Weigh In On Starbucks

Large investors have recently added to or reduced their stakes in the stock. Rachor Investment Advisory Services LLC acquired a new stake in Starbucks in the fourth quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in Starbucks in the fourth quarter worth $25,000. Phillip James Consulting Co. acquired a new stake in Starbucks in the fourth quarter worth $25,000. Y.D. More Investments Ltd acquired a new stake in Starbucks in the third quarter worth $26,000. Finally, Entrust Financial LLC acquired a new stake in Starbucks in the fourth quarter worth $26,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Reports that Starbucks is weighing a stake sale or IPO for its Japan unit could surface hidden value and improve the company’s capital structure. Starbucks weighs Japan stake sale or IPO
• Positive Sentiment: Management commentary about room for international expansion and more U.S. stores reinforces the long-term growth narrative for SBUX. Starbucks CEO Says 22,000 Overseas Stores Could Double
• Positive Sentiment: Investors are also encouraged by signs that Starbucks is gaining traction beyond the morning coffee rush, suggesting turnaround efforts around afternoon traffic and beverage innovation may be working. Starbucks Sees Encouraging Growth beyond the Morning Rush, CNBC Reports
• Positive Sentiment: New drink launches, including blended Refreshers, are drawing attention because they could boost traffic with younger consumers and support sales growth. Starbucks’ latest drink launch is a bet on the future of fast food beverages
• Neutral Sentiment: CEO Brady Brewer disclosed a pre-arranged sale of 1,641 shares under a 10b5-1 plan; this is routine insider activity but can slightly weigh on sentiment. SEC filing
• Negative Sentiment: A Seeking Alpha piece argued the market may be pricing in Starbucks’ turnaround too early, which could temper enthusiasm if execution slows. Starbucks: The Market Is Pricing In Success Too Soon

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Scotiabank lowered Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. Zacks Research raised Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Evercore upped their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Wedbush assumed coverage on Starbucks in a research report on Thursday, May 14th. They set an “outperform” rating on the stock. Finally, DA Davidson upped their price target on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.48.

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.