Sara Kelly Sells 2,000 Shares of Starbucks (NASDAQ:SBUX) Stock

Starbucks Corporation (NASDAQ:SBUX - Get Free Report) EVP Sara Kelly sold 2,000 shares of the business's stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, the executive vice president directly owned 57,653 shares of the company's stock, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sara Kelly also recently made the following trade(s):

  • On Thursday, March 5th, Sara Kelly sold 2,500 shares of Starbucks stock. The shares were sold at an average price of $97.12, for a total transaction of $242,800.00.

Starbucks Stock Performance

Shares of SBUX opened at $105.33 on Friday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $107.27. The company has a market cap of $120.00 billion, a price-to-earnings ratio of 79.80, a price-to-earnings-growth ratio of 2.23 and a beta of 0.95. The firm has a fifty day moving average of $96.53 and a 200-day moving average of $90.95.




Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The company had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Analysts predict that Starbucks Corporation will post 2.33 EPS for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks's dividend payout ratio is presently 187.88%.

Institutional Investors Weigh In On Starbucks

A number of institutional investors and hedge funds have recently bought and sold shares of SBUX. Norges Bank acquired a new stake in Starbucks in the 4th quarter valued at about $1,232,650,000. Capital Research Global Investors lifted its holdings 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 last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Starbucks by 65.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company's stock valued at $1,637,704,000 after acquiring an additional 7,725,547 shares during the last quarter. Capital World Investors lifted its holdings in Starbucks by 9.0% in 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. Finally, Corient Private Wealth LLC lifted its holdings in Starbucks by 146.6% in the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company's stock valued at $553,201,000 after acquiring an additional 3,596,014 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

Analysts Set New Price Targets

Several research firms recently weighed in on SBUX. UBS Group reaffirmed a "neutral" rating and issued a $105.00 price objective (up from $100.00) on shares of Starbucks in a report on Wednesday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Starbucks in a report on Wednesday, March 4th. BNP Paribas Exane upped their price objective on shares of Starbucks from $84.00 to $87.00 and gave the stock an "underperform" rating in a report on Wednesday. Citigroup upped their price objective on shares of Starbucks from $99.00 to $101.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $110.00 price objective (up from $105.00) on shares of Starbucks in a report on Wednesday. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Starbucks currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.93.

View Our Latest Report on Starbucks

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.

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