Key Points
- Starbucks CEO Brady Brewer sold 2,229 shares at an average price of $105.99, generating approximately $236,252. The Rule 10b5-1 transaction reduced his holdings by 2.88% to 75,135 shares.
- Starbucks reported quarterly EPS of $0.85, exceeding the $0.66 analyst consensus, while revenue reached $9.32 billion. However, revenue declined 1.4% year over year, and analysts maintain a consensus “Hold” rating with an average price target of $111.96.
- The company declared a quarterly dividend of $0.62 per share, equivalent to an annualized $2.48 payout and a 2.4% yield, payable August 28 to shareholders of record as of August 14.
Starbucks Corporation (NASDAQ:SBUX - Get Free Report) CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the sale, the chief executive officer owned 75,135 shares of the company's stock, valued at approximately $7,963,558.65. This represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $231,816.00.
- On Thursday, June 11th, Brady Brewer sold 588 shares of Starbucks stock. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00.
- On Friday, June 5th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $94.33, for a total transaction of $154,795.53.
Starbucks Stock Down 0.8%
Starbucks stock opened at $105.16 on Friday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $109.23. The company's 50 day moving average price is $102.47 and its two-hundred day moving average price is $99.51. The stock has a market cap of $119.88 billion, a P/E ratio of 60.44, a P/E/G ratio of 1.83 and a beta of 0.97.
Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.19. The firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, equities analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current year.
Starbucks Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be 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 is Friday, August 14th. Starbucks's dividend payout ratio is 142.53%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on SBUX shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Starbucks in a research note on Monday, July 20th. BTIG Research restated a "buy" rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, July 31st. Robert W. Baird set a $124.00 target price on shares of Starbucks in a research note on Thursday, July 30th. Tigress Financial assumed coverage on shares of Starbucks in a research note on Wednesday, April 15th. They issued a "buy" rating and a $122.00 target price on the stock. Finally, Compass Point started coverage on shares of Starbucks in a research report on Monday. They set a "buy" rating for the company. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $111.96.
Get Our Latest Stock Report on SBUX
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SBUX. Rachor Investment Advisory Services LLC purchased a new stake in Starbucks during the fourth quarter valued at about $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Starbucks in the fourth quarter worth about $25,000. Phillip James Consulting Co. purchased a new position in shares of Starbucks in the fourth quarter worth about $25,000. Entrust Financial LLC bought a new stake in shares of Starbucks in the fourth quarter valued at approximately $26,000. Finally, Tucker Asset Management LLC bought a new stake in shares of Starbucks in the fourth quarter valued at approximately $27,000. Institutional investors own 72.29% of the company's stock.
Starbucks Company Profile
(
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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