Insider Selling: Starbucks (NASDAQ:SBUX) CEO Sells $236,251.71 in Stock

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the sale, the chief executive officer directly owned 75,135 shares in the company, valued at approximately $7,963,558.65. This represents a 2.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 6th, Brady Brewer sold 2,229 shares of Starbucks stock. The stock was sold at an average price of $104.00, for a total value 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 value of $58,800.00.
• On Friday, June 5th, Brady Brewer sold 1,641 shares of Starbucks stock. The stock was sold at an average price of $94.33, for a total transaction of $154,795.53.

Starbucks Stock Performance

Shares of Starbucks stock traded down $0.84 during midday trading on Thursday, hitting $105.16. 5,771,776 shares of the company traded hands, compared to its average volume of 8,379,007. The firm’s fifty day moving average price is $102.38 and its 200-day moving average price is $99.42. The stock has a market cap of $119.88 billion, a price-to-earnings ratio of 60.44, a PEG ratio of 1.81 and a beta of 0.97. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $109.23.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating 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 company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Equities research analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.62 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is currently 142.53%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. Cornerstone Financial Management LLC bought a new stake in Starbucks during the fourth quarter valued at $25,000. Phillip James Consulting Co. acquired a new stake in Starbucks during the 4th quarter worth about $25,000. Entrust Financial LLC acquired a new stake in Starbucks during the 4th quarter worth about $26,000. Finally, Tucker Asset Management LLC bought a new position in shares of Starbucks in the 4th quarter worth about $27,000. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SBUX. Tigress Financial assumed coverage on Starbucks in a research note on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price objective for the company. Wells Fargo & Company lowered shares of Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday. Scotiabank cut shares of Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. Zacks Research lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Compass Point started coverage on shares of Starbucks in a research note on Monday. They issued a “buy” rating on the stock. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Starbucks currently has an average rating of “Hold” and a consensus target price of $111.96.

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.