Starbucks (NASDAQ:SBUX) CEO Sells $245,190.00 in Stock

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $110.00, for a total transaction of $245,190.00. Following the completion of the transaction, the chief executive officer owned 68,691 shares in the company, valued at approximately $7,556,010. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 20th, Brady Brewer sold 588 shares of Starbucks stock. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00.
• On Monday, October 5th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $94.76, for a total transaction of $155,501.16.
• On Friday, September 4th, Brady Brewer sold 2,229 shares of Starbucks stock. The shares were sold at an average price of $105.60, for a total transaction of $235,382.40.

Starbucks Stock Down 0.1%

Shares of NASDAQ SBUX opened at $109.89 on Thursday. The firm has a market cap of $125.27 billion, a price-to-earnings ratio of 49.72, a PEG ratio of 1.82 and a beta of 1.01. Starbucks Corporation has a 52-week low of $81.97 and a 52-week high of $111.50. The business’s 50 day moving average is $99.33 and its two-hundred day moving average is $100.24.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $9.22 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. Analysts anticipate that Starbucks Corporation will post 3.22 EPS for the current fiscal year.

Starbucks Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be issued a $0.63 dividend. The ex-dividend date is Friday, November 13th. This represents a $2.52 annualized dividend and a dividend yield of 2.3%. This is a boost from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s dividend payout ratio (DPR) is presently 114.03%.

Analyst Ratings Changes

SBUX has been the subject of a number of research analyst reports. Stifel Nicolaus began coverage on Starbucks in a report on Monday. They set a “buy” rating and a $115.00 target price for the company. KeyCorp reiterated a “sector weight” rating on shares of Starbucks in a research note on Friday, October 30th. Melius Research set a $110.00 price target on shares of Starbucks in a research report on Monday, August 3rd. Morgan Stanley cut shares of Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Finally, Piper Sandler raised their price objective on shares of Starbucks from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Twenty-one research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $108.83.

Hedge Funds Weigh In On Starbucks

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Starbucks during the 2nd quarter worth approximately $25,000. Black Cypress Capital Management LLC purchased a new stake in shares of Starbucks in the 2nd quarter valued at approximately $27,000. Center for Financial Planning Inc. increased its position in shares of Starbucks by 125.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 295 shares of the coffee company’s stock valued at $28,000 after purchasing an additional 164 shares during the last quarter. Financial Freedom LLC acquired a new stake in shares of Starbucks in the 3rd quarter valued at $30,000. Finally, John Boyer Inc. acquired a new stake in shares of Starbucks in the 3rd quarter valued at $31,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Top Starbucks Stories

Investors following SBUX have been watching these stories:

• Positive Sentiment: Starbucks is targeting about 18% EPS growth in fiscal 2027, supported by margin expansion and cost savings, despite an extra fiscal week also contributing to the growth. Stifel’s Buy rating and $115 price target add support for the bullish view. FY27 EPS growth outlook
• Neutral Sentiment: Call-option activity was reported at unusually high volume, indicating increased investor positioning but not, on its own, a clear directional signal.
• Negative Sentiment: Recent valuation commentary questions whether the rally has run ahead of the company’s growth and cash-flow prospects, leaving the shares vulnerable if execution or guidance disappoints.

About Starbucks

Starbucks Corporation is a global coffee company that roasts, markets and sells coffee and other beverages, along with food and related merchandise. Its offerings include brewed coffee, espresso-based drinks, teas and packaged coffee products. The company serves customers through company-operated and licensed stores, as well as through retail and food-service partnerships. Its stores also sell items such as mugs and coffee-making equipment. Founded in Seattle in 1971, Starbucks operates in North America and international markets, including China.