Starbucks (NASDAQ:SBUX) Shares Unloaded by Rep. Kevin Hern

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 Stock Up 1.4%

Shares of NASDAQ SBUX opened at $93.25 on Thursday. The firm has a market cap of $106.31 billion, a price-to-earnings ratio of 53.59, a PEG ratio of 1.33 and a beta of 0.98. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51. The business’s 50 day moving average is $100.51 and its two-hundred day moving average is $100.97.

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

Starbucks Increases Dividend

The business also recently announced 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. This is a boost from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, November 13th. This represents a $2.52 annualized dividend and a yield of 2.7%. Starbucks’s payout ratio is 142.53%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Argus upped their target price on shares of Starbucks from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Sanford C. Bernstein cut shares of Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. Gordon Haskett lifted their price target on shares of Starbucks from $110.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Needham & Company LLC set a $120.00 price target on shares of Starbucks in a report on Tuesday, August 18th. Finally, BTIG Research reiterated a “buy” rating on shares of Starbucks in a report on Thursday, October 8th. Twenty-three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $110.80.

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were 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 in the company, valued at approximately $7,724,534.40. The trade was a 2.96% decrease in their ownership of the stock. The sale was disclosed in a document filed 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. Over the last 90 days, insiders have sold 6,099 shares of company stock worth $627,135. 0.03% of the stock is owned by company insiders.

Institutional Trading of Starbucks

Large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of Starbucks during the 2nd quarter worth about $25,000. Black Cypress Capital Management LLC bought a new stake in shares of Starbucks in the 2nd quarter valued at about $27,000. Phillip James Consulting Co. acquired a new stake in shares of Starbucks in the 4th quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at approximately $25,000. Finally, Financial Freedom LLC boosted its stake in Starbucks by 296.2% during the 1st quarter. Financial Freedom LLC now owns 313 shares of the coffee company’s stock worth $28,000 after acquiring an additional 234 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

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.

About Starbucks

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.