Rep. Kevin Hern Unloads Shares of Starbucks Corporation (NASDAQ:SBUX)

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Starbucks Corporation (NASDAQ:SBUX). In a filing disclosed on October 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in Starbucks stock on September 23rd. The trade occurred in the Representative’s “HERN FAMILY REVOCABLE TRUST” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 10/2/2026.
• Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/23/2026.
• Sold $50,001 – $100,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026.
• Sold $50,001 – $100,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/23/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of Chevron (NYSE:CVX) on 9/23/2026.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/17/2026.

Starbucks Trading Up 3.9%

SBUX opened at $96.88 on Friday. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $110.51. The firm has a market cap of $110.44 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 1.35 and a beta of 0.98. The company has a fifty day simple moving average of $100.34 and a 200 day simple moving average of $101.04.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, analysts forecast that Starbucks Corporation will post 2.59 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 13th. This is a positive change from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s dividend payout ratio (DPR) is 142.53%.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks raised its dividend by 1.6%, extending its record to 16 consecutive annual increases. The payout supports the stock’s income appeal and signals management’s confidence in future cash generation. Starbucks dividend increase article
• Positive Sentiment: Starbucks’ gift-card program holds approximately $1.8 billion in customer balances, providing low-cost working capital and potential breakage revenue when balances go unused. Starbucks gift card article
• Positive Sentiment: A limited-time drinkware and cake-pop collection exclusive to Target could generate incremental merchandise sales and attract customers to Starbucks products, although the financial impact is likely modest. Starbucks Target collection article
• Neutral Sentiment: Starbucks denied speculation that it would acquire Chipotle Mexican Grill. Avoiding a potentially expensive restaurant acquisition removes execution and financing risks, while the company says it remains focused on its “Back to Starbucks” turnaround plan. Starbucks Chipotle acquisition denial
• Negative Sentiment: Analysts and commentators question whether the dividend is sustainable if earnings do not accelerate. Starbucks trades at a high earnings multiple, while recent revenue declined year over year and shares have lagged the broader market. Starbucks dividend sustainability article

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 1,641 shares of Starbucks stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $94.76, for a total transaction of $155,501.16. Following the sale, the chief executive officer owned 71,508 shares of the company’s stock, valued at approximately $6,776,098.08. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,099 shares of company stock worth $627,135 over the last quarter. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SBUX. BTIG Research reaffirmed a “buy” rating on shares of Starbucks in a research report on Thursday, October 8th. BMO Capital Markets reissued an “outperform” rating and set a $130.00 price target (up from $120.00) on shares of Starbucks in a research report on Thursday, July 30th. Zacks Research lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Mizuho lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company cut shares of Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Twenty-three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Starbucks has a consensus rating of “Hold” and an average target price of $110.80.

Institutional Investors Weigh In On Starbucks

A number of institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC lifted its position in Starbucks by 3.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 16,559 shares of the coffee company’s stock valued at $1,556,000 after purchasing an additional 499 shares during the last quarter. Vertrix Wealth Management LLC grew its position in Starbucks by 27.6% in the 3rd quarter. Vertrix Wealth Management LLC now owns 32,404 shares of the coffee company’s stock worth $3,045,000 after purchasing an additional 7,017 shares during the last quarter. JGP Wealth Management LLC grew its position in Starbucks by 2.8% in the 3rd quarter. JGP Wealth Management LLC now owns 10,714 shares of the coffee company’s stock worth $1,007,000 after purchasing an additional 292 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of Starbucks by 3.4% in the third quarter. Moody National Bank Trust Division now owns 23,341 shares of the coffee company’s stock valued at $2,193,000 after purchasing an additional 771 shares during the period. Finally, QRG Capital Management Inc. increased its stake in shares of Starbucks by 10.5% in the second quarter. QRG Capital Management Inc. now owns 159,617 shares of the coffee company’s stock valued at $16,311,000 after purchasing an additional 15,211 shares during the period. Institutional investors own 72.29% of the company’s stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

Starbucks Company Profile

Starbucks Corporation is a global specialty coffee company that operates coffeehouses and sells coffee, tea and other beverages, along with food products and merchandise. Its menu includes brewed coffee, espresso-based drinks, cold beverages, teas, bakery items and ready-to-eat food. Starbucks also markets packaged coffee, ready-to-drink beverages and related products through retail and grocery channels, often through licensing and other business partnerships.

Founded in Seattle in 1971, Starbucks expanded from a local coffee retailer into an international brand.