Brady Brewer Sells 2,229 Shares of Starbucks (NASDAQ:SBUX) Stock
by Teresa Graham · The Cerbat GemStarbucks Corporation (NASDAQ:SBUX – Get Free Report) CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the sale, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at approximately $8,548,198.79. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brady Brewer also recently made the following trade(s):
- On Friday, April 17th, 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 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 transaction of $147,690.00.
- On Monday, March 9th, Brady Brewer sold 588 shares of Starbucks stock. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00.
- On Thursday, March 5th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $97.12, for a total transaction of $159,373.92.
Starbucks Trading Down 2.0%
NASDAQ:SBUX traded down $2.18 during trading hours on Thursday, hitting $104.26. 9,175,001 shares of the company traded hands, compared to its average volume of 8,787,474. The stock has a market capitalization of $118.78 billion, a price-to-earnings ratio of 78.99, a P/E/G ratio of 2.12 and a beta of 1.01. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $107.55. The firm has a 50-day moving average of $96.91 and a 200 day moving average of $91.41.
Starbucks (NASDAQ:SBUX – Get Free Report) last announced 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 company had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the prior year, the company posted $0.41 EPS. The business’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities research analysts predict that Starbucks Corporation will post 2.4 earnings per share for the current fiscal year.
Starbucks Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.62 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks’s dividend payout ratio is currently 187.88%.
Analyst Upgrades and Downgrades
SBUX has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Starbucks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. BTIG Research increased their target price on shares of Starbucks from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. New Street Research set a $90.00 target price on shares of Starbucks in a research report on Tuesday, January 27th. Wells Fargo & Company reiterated an “overweight” rating and set a $115.00 target price (up from $110.00) on shares of Starbucks in a research report on Wednesday, April 29th. Finally, Evercore increased their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.00.
Get Our Latest Stock Analysis on SBUX
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SBUX. Norges Bank bought a new position in shares of Starbucks in the 4th quarter valued at about $1,232,650,000. Capital Research Global Investors boosted its stake in shares of 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 purchasing an additional 8,774,198 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 7,725,547 shares during the last quarter. Capital World Investors boosted its stake in shares of 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 purchasing an additional 7,007,268 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of 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 purchasing an additional 3,596,014 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.
About Starbucks
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.