Brady Brewer Sells 588 Shares of Starbucks (NASDAQ:SBUX) Stock

Starbucks Corporation (NASDAQ:SBUX - Get Free Report) CEO Brady Brewer sold 588 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the transaction, the chief executive officer owned 79,593 shares in the company, valued at $7,959,300. The trade was a 0.73% decrease in their position. The transaction 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.

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

• 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.
• On Tuesday, May 5th, Brady Brewer sold 2,229 shares of Starbucks stock. The stock was sold at an average price of $104.81, for a total value of $233,621.49.
• On Friday, April 17th, 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 Monday, April 6th, Brady Brewer sold 1,641 shares of Starbucks stock. The stock was sold at an average price of $90.00, for a total value of $147,690.00.

Starbucks Stock Performance

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Shares of SBUX stock opened at $101.59 on Tuesday. The firm has a market cap of $115.78 billion, a P/E ratio of 76.96, a P/E/G ratio of 2.03 and a beta of 0.98. The business's 50 day moving average price is $100.50 and its 200-day moving average price is $94.83. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88.

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Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the firm earned $0.41 EPS. The company's quarterly revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities analysts predict that Starbucks Corporation will post 2.42 EPS for the current year.

Starbucks Dividend Announcement

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

Hedge Funds Weigh In On Starbucks

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Several large investors have recently made changes to their positions in the business. Rachor Investment Advisory Services LLC purchased a new stake in shares of Starbucks in the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new stake in Starbucks during the 4th quarter valued at about $25,000. Phillip James Consulting Co. purchased a new position in Starbucks in the fourth quarter worth about $25,000. Y.D. More Investments Ltd bought a new position in shares of Starbucks in the third quarter worth approximately $26,000. Finally, Entrust Financial LLC bought a new position in shares of Starbucks in the fourth quarter worth approximately $26,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Zacks included Starbucks on its list of top income stocks, suggesting some analysts still view the shares favorably despite near-term noise.
• Positive Sentiment: One recent analysis said Starbucks is seeing stronger traffic growth thanks to better service, faster operations, and improved customer experience initiatives, supporting the turnaround narrative.
• Neutral Sentiment: CEO Brady Brewer sold 588 shares in a pre-arranged Rule 10b5-1 transaction. The sale was small and routine, so it is unlikely to be a major signal on its own.
• Neutral Sentiment: Another report noted Starbucks faces growing competition from 7 Brew, which is expanding quickly and could pressure traffic over time.
• Negative Sentiment: Starbucks Korea is closing all locations early on June 22 for mandatory history and social sensitivity training after a marketing backlash. The controversy has triggered boycotts, a public apology, an investigation, and renewed reputational risk for the brand. Starbucks Korea Shuts Stores Early After Boycott Hits Revenue
• Negative Sentiment: Multiple reports on the same South Korea issue suggest the fallout is severe enough to affect sentiment across the stock, since the controversy could hurt sales and distract management. Starbucks Korea to give staff history training after backlash over marketing campaign

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SBUX shares. DA Davidson lifted their price objective on Starbucks from $97.00 to $102.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. Morgan Stanley upgraded Starbucks from an "overweight" rating to an "overweight" rating in a research note on Thursday, May 14th. BTIG Research lowered Starbucks from a "buy" rating to a "neutral" rating in a research report on Thursday, May 14th. Stifel Nicolaus set a $117.00 price target on Starbucks and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Finally, Guggenheim reiterated a "neutral" rating and issued a $97.00 price objective (up from $95.00) on shares of Starbucks in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Starbucks presently has an average rating of "Moderate Buy" and a consensus target price of $107.93.

Check Out Our Latest Report on SBUX

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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