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 Friday, September 4th. The stock was sold at an average price of $105.60, for a total transaction of $235,382.40. Following the completion of the transaction, the chief executive officer owned 73,149 shares of the company’s stock, valued at $7,724,534.40. This represents a 2.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, August 5th, Brady Brewer sold 2,229 shares of Starbucks stock. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71.
• On Monday, July 6th, Brady Brewer sold 2,229 shares of Starbucks stock. The shares were sold at an average price of $104.00, for a total transaction of $231,816.00.
• On Thursday, June 11th, 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 Starbucks stock traded down $1.97 during trading on Wednesday, hitting $100.04. 5,853,801 shares of the stock were exchanged, compared to its average volume of 8,004,495. The firm’s 50-day moving average price is $105.44 and its 200 day moving average price is $101.24. The stock has a market cap of $114.05 billion, a price-to-earnings ratio of 57.49, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. Starbucks’s revenue for the quarter was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, research analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SBUX. Needham & Company LLC set a $120.00 price objective on Starbucks in a report on Tuesday, August 18th. UBS Group upped their price target on Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Melius Research set a $110.00 price target on shares of Starbucks in a research note on Monday, August 3rd. Zacks Research cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, DA Davidson raised their price objective on shares of Starbucks from $102.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Starbucks presently has an average rating of “Hold” and a consensus price target of $110.30.

Institutional Trading of Starbucks

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capstone Financial Advisors Inc. acquired a new stake in shares of Starbucks in the 2nd quarter valued at about $2,981,000. MCF Advisors LLC increased its position in Starbucks by 2.1% during the second quarter. MCF Advisors LLC now owns 6,302 shares of the coffee company’s stock worth $644,000 after buying an additional 130 shares during the period. Gemmer Asset Management LLC increased its position in Starbucks by 0.5% during the second quarter. Gemmer Asset Management LLC now owns 105,495 shares of the coffee company’s stock worth $10,781,000 after buying an additional 510 shares during the period. National Pension Service lifted its stake in Starbucks by 1.4% in the second quarter. National Pension Service now owns 2,795,886 shares of the coffee company’s stock valued at $285,712,000 after buying an additional 37,412 shares during the last quarter. Finally, NorthRock Partners LLC boosted its holdings in shares of Starbucks by 14.6% in the second quarter. NorthRock Partners LLC now owns 23,626 shares of the coffee company’s stock valued at $2,414,000 after acquiring an additional 3,006 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.