Starbucks (NASDAQ:SBUX) Stock Acquired Rep. Bruce Westerman

by · The Cerbat Gem

Representative Bruce Westerman (R-Arkansas) recently bought shares of Starbucks Co. (NASDAQ:SBUX). In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Starbucks stock on March 3rd. The trade occurred in the Representative’s “FISHER IRA” account.

Representative Bruce Westerman also recently made the following trade(s):

  • Purchased $1,001 – $15,000 in shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) on 4/2/2025.
  • Purchased $1,001 – $15,000 in shares of Sony Group (NYSE:SONY) on 3/24/2025.
  • Purchased $1,001 – $15,000 in shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) on 3/21/2025.
  • Purchased $1,001 – $15,000 in shares of BP (NYSE:BP) on 3/21/2025.
  • Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 3/20/2025.
  • Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 3/20/2025.
  • Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 3/20/2025.
  • Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/20/2025.
  • Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/20/2025.
  • Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/20/2025.

Starbucks Trading Up 0.9 %

NASDAQ SBUX opened at $81.50 on Friday. The stock has a market cap of $92.58 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company’s 50 day moving average is $99.84 and its two-hundred day moving average is $98.37.

Starbucks (NASDAQ:SBUX – Get Free Report) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the prior year, the company posted $0.90 earnings per share. Sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks’s dividend payout ratio is 78.71%.

Institutional Investors Weigh In On Starbucks

Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Life Planners purchased a new stake in Starbucks in the fourth quarter worth $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Starbucks in the 4th quarter worth about $25,000. Graney & King LLC bought a new stake in Starbucks during the 4th quarter valued at about $26,000. Collier Financial purchased a new stake in Starbucks in the 4th quarter valued at about $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Starbucks in the 4th quarter worth about $27,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SBUX has been the subject of several research analyst reports. BMO Capital Markets increased their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. Wedbush upped their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group upgraded shares of Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 price target on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.24.

View Our Latest Research Report on SBUX

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas’ 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas’ 4th Congressional District. He declared candidacy for the 2026 election.

Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

About Starbucks

(Get Free Report)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.

Featured Articles