Rep. Pete Sessions Sells Off Shares of Starbucks Corporation (NASDAQ:SBUX)

Key Points

• Rep. Pete Sessions sold $15,001–$50,000 of Starbucks stock on October 2, alongside multiple recent sales of other major companies’ shares.
• Starbucks shares opened at $103.20, while the company reported quarterly earnings of $0.85 per share—above the $0.66 consensus estimate—and revenue of $9.32 billion, despite a 1.4% year-over-year decline.
• Starbucks raised its quarterly dividend to $0.63, but its valuation near 59 times earnings and ongoing store closures remain concerns; analysts nonetheless maintain a “Moderate Buy” consensus with an average price target of $110.14.

Representative Pete Sessions (Republican-Texas) recently sold shares of Starbucks Corporation NASDAQ: SBUX. In a filing disclosed on October 27th, the Representative disclosed that they had sold between $15,001 and $50,000 in Starbucks stock on October 2nd.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Walt Disney NYSE: DIS on 10/28/2026.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/27/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 10/27/2026.
• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Solstice Advanced Mat NASDAQ: SOLS on 10/21/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 10/21/2026.
• Sold $0 - $1,000 in shares of Resideo Technologies NYSE: REZI on 10/21/2026.
• Sold $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 10/20/2026.
• Sold $15,001 - $50,000 in shares of Berkshire Hathaway NYSE: BRK.B on 10/15/2026.

Starbucks Stock Up 0.2%

Shares of SBUX opened at $103.20 on Thursday. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51. The stock has a fifty day simple moving average of $99.25 and a two-hundred day simple moving average of $99.55. The company has a market capitalization of $117.65 billion, a PE ratio of 59.31, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm had revenue of $9.32 billion for the quarter, compared to analysts' expectations of $9.17 billion. During the same quarter in the previous year, the company posted $0.50 EPS. The company's revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Starbucks Corporation will post 2.65 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a $0.63 dividend. This is a boost from Starbucks's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks's dividend payout ratio is 144.83%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Guggenheim began coverage on shares of Starbucks in a research note on Monday, August 3rd. They set a "buy" rating on the stock. Weiss Ratings raised shares of Starbucks from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, October 16th. Needham & Company LLC set a $120.00 price target on shares of Starbucks in a report on Tuesday, August 18th. William Blair restated an "outperform" rating on shares of Starbucks in a report on Thursday, October 8th. Finally, Piper Sandler lifted their price target on shares of Starbucks from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Twenty-four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Starbucks presently has a consensus rating of "Moderate Buy" and an average target price of $110.14.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Investors expect Starbucks’ “Back to Starbucks” plan—focused on coffee quality, service and the customer experience—to support stronger U.S. comparable-store sales. Cost savings and improved operating execution could also provide an earnings boost. Starbucks to Post Q4 Earnings: What’s in the Cards for the Stock?
• Positive Sentiment: The company’s prior quarter exceeded analyst expectations for both revenue and earnings, while full-year guidance was reportedly ahead of consensus. That track record is helping sustain bullish sentiment ahead of the new report. Is Starbucks Fully Valued on Strong Guidance and Recent Results?
• Positive Sentiment: Starbucks maintained its annual dividend-raise streak, supporting the investment case for income-oriented shareholders. The payout is expected to be a key focus because investors are assessing whether free cash flow adequately covers the dividend. Did Starbucks Just Give Investors Nearly $2.9 Billion Reasons to Buy Its Stock?
• Neutral Sentiment: Options markets imply a potentially sizable move of approximately 6.33% following earnings, highlighting elevated volatility around the report. Starbucks Q4 Earnings Are on October 29
• Negative Sentiment: At roughly 59 times earnings, Starbucks appears richly valued relative to its recent revenue performance. Revenue in the prior quarter declined 1.4% year over year, so any weakness in same-store sales, gross margin or forward guidance could pressure the shares. Starbucks Q3 Earnings Preview
• Negative Sentiment: Starbucks is closing additional company-operated and airport locations, with associated job losses. While closures may improve the store portfolio and profitability over time, they also signal continuing operational challenges. Starbucks Shuts More Coffeehouses

Institutional Investors Weigh In On Starbucks

Institutional investors and hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in Starbucks in the second quarter valued at approximately $25,000. Black Cypress Capital Management LLC purchased a new stake in Starbucks in the second quarter valued at $27,000. Financial Freedom LLC grew its stake in Starbucks by 296.2% during the 1st quarter. Financial Freedom LLC now owns 313 shares of the coffee company's stock worth $28,000 after buying an additional 234 shares during the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of Starbucks by 125.2% in the third quarter. Center for Financial Planning Inc. now owns 295 shares of the coffee company's stock valued at $28,000 after acquiring an additional 164 shares during the period. Finally, John Boyer Inc. purchased a new stake in shares of Starbucks in the third quarter valued at about $31,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $105.60, for a total value of $235,382.40. Following the transaction, the chief executive officer owned 73,149 shares of the company's stock, valued at approximately $7,724,534.40. The trade was a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,687 shares of company stock valued at $685,935. Company insiders own 0.03% of the company's stock.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas' 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas' 17th Congressional District. He won in the general election on November 5, 2024. On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023. Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions' career experience includes working as an executive with AT&T.

Starbucks Company Profile

Starbucks Corporation is a global specialty coffee company headquartered in Seattle, Washington. Founded in 1971, the company operates and licenses coffeehouses under the Starbucks brand, serving brewed coffee, espresso beverages, teas, cold drinks, food, and other ready-to-consume products.

In addition to its company-operated and licensed stores, Starbucks sells packaged coffee, tea, and single-serve products through grocery retailers, convenience stores, and other distribution channels.

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