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

Starbucks Corporation (NASDAQ:SBUXGet Free Report) CEO Brady Brewer sold 1,641 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $159,373.92. Following the transaction, the chief executive officer directly owned 86,605 shares of the company’s stock, valued at approximately $8,411,077.60. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $99.77 on Tuesday. The stock’s 50-day simple moving average is $94.00 and its 200-day simple moving average is $87.95. The firm has a market capitalization of $113.67 billion, a PE ratio of 82.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.93. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $106.00.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The business had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, sell-side analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Starbucks

A number of large investors have recently bought and sold shares of SBUX. Vanguard Group Inc. boosted its stake in shares of Starbucks by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock worth $9,634,523,000 after buying an additional 971,773 shares during the period. Capital Research Global Investors increased its position in Starbucks by 11.4% in the 3rd quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock valued at $7,229,968,000 after acquiring an additional 8,774,198 shares during the period. Capital World Investors raised its stake in Starbucks by 9.0% during the 4th quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after acquiring an additional 7,007,268 shares during the last quarter. State Street Corp lifted its position in Starbucks by 0.7% during the 4th quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock worth $4,031,053,000 after acquiring an additional 327,161 shares during the period. Finally, Geode Capital Management LLC lifted its position in Starbucks by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock worth $2,212,153,000 after acquiring an additional 225,168 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Mizuho increased their target price on shares of Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, January 26th. TD Cowen restated a “hold” rating and issued a $89.00 price objective (up from $84.00) on shares of Starbucks in a research note on Friday, January 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Starbucks in a report on Thursday, January 29th. Piper Sandler reiterated an “overweight” rating and set a $103.00 target price (up from $100.00) on shares of Starbucks in a research report on Friday, January 30th. Finally, William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 22nd. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.22.

Read Our Latest Report on Starbucks

Key Headlines Impacting Starbucks

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About Starbucks

(Get Free Report)

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.

Further Reading

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