Starbucks (NASDAQ:SBUX) Stock Sale Revealed by Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold Starbucks shares worth between $1,001 and $15,000 on September 2 from his family trust, alongside several other stock sales disclosed recently.
• Starbucks reported quarterly results above expectations, with EPS of $0.85 and revenue of $9.32 billion, though revenue declined 1.4% year over year. The stock opened at $95.27, below its 50-day and 200-day moving averages.
• The company’s turnaround includes plans to close about 250 North American stores and invest in an 800-person technology center in India. Analysts’ consensus rating is “Hold”, with an average price target of $110.30, while store closures and a roughly $300 million charge remain concerns.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Starbucks Corporation NASDAQ: SBUX. In a filing disclosed on September 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in Starbucks stock on September 2nd. The trade occurred in the Representative's "HERN FAMILY REVOCABLE TRUST" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of CenterPoint Energy NYSE: CNP on 9/15/2026.
• Sold $1,001 - $15,000 in shares of TJX Companies NYSE: TJX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of STERIS NYSE: STE on 9/15/2026.
• Sold $1,001 - $15,000 in shares of Seagate Technology NASDAQ: STX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 9/14/2026.
• Sold $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Emerson Electric NYSE: EMR on 9/14/2026.

Starbucks Stock Up 0.4%

Shares of SBUX opened at $95.27 on Tuesday. The business's 50 day moving average price is $103.04 and its 200-day moving average price is $101.13. The stock has a market cap of $108.61 billion, a P/E ratio of 54.75, a P/E/G ratio of 1.65 and a beta of 0.97. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data 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. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the business earned $0.50 EPS. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, equities analysts anticipate that Starbucks Corporation will post 2.62 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on SBUX shares. Citigroup increased their target price on Starbucks from $108.00 to $112.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $126.00 price target on shares of Starbucks in a research report on Thursday, July 30th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $115.00 price objective (up from $110.00) on shares of Starbucks in a report on Thursday, July 30th. Melius Research set a $110.00 target price on shares of Starbucks in a report on Monday, August 3rd. Finally, UBS Group increased their price target on shares of Starbucks from $105.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $110.30.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks plans to establish a global capability center in Chennai, India, and hire approximately 800 technology professionals. The investment could improve digital operations, customer experience and cost efficiency as management works to execute its turnaround. Why Starbucks’ 800-Person India Tech Expansion Matters to its Turnaround
• Positive Sentiment: Management says customer traffic is improving, and closing underperforming stores while redirecting capital toward remodeled locations could strengthen sales productivity and margins over time. This supports the broader turnaround narrative, although benefits are likely to take time. Starbucks Stock Has Fallen 13% in a Month, but the Turnaround Numbers Keep Improving
• Neutral Sentiment: Starbucks is closing roughly 250 North American coffeehouses, about 1% of its regional footprint. The closures are described as part of a strategic reset rather than solely a response to weak sales, but the company is also cutting its new-store outlook. Starbucks store closures
• Negative Sentiment: The store-closure program is expected to generate an approximately $300 million charge and has prompted analyst downgrades. Lower expansion expectations raise concerns about near-term revenue growth and indicate that management is still correcting past investment decisions. Brewing Trouble? Starbucks Spills the Beans on 250 Store Closures
• Negative Sentiment: The United Steelworkers union condemned the closures, adding labor-relations and employee-morale risk. Separately, Beyond Plastics said many Starbucks cold-drink cups placed in recycling bins still end up in landfills or incinerators, creating potential reputational and environmental pressure. Starbucks recyclable cups criticism
• Negative Sentiment: Compared with McDonald’s, Starbucks is viewed as having a less attractive valuation and greater cost and store-growth pressures. Its elevated price-to-earnings ratio leaves less room for execution missteps while the turnaround remains incomplete. McDonald’s vs. Starbucks

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the firm's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $105.60, for a total transaction of $235,382.40. Following the completion of the transaction, the chief executive officer directly owned 73,149 shares of the company's stock, valued at approximately $7,724,534.40. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,687 shares of company stock worth $703,450 in the last quarter. Company insiders own 0.03% of the company's stock.

Hedge Funds Weigh In On Starbucks

Several large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its stake in shares of Starbucks by 10.5% in the second quarter. QRG Capital Management Inc. now owns 159,617 shares of the coffee company's stock worth $16,311,000 after purchasing an additional 15,211 shares in the last quarter. State Street Corp grew its position in shares of Starbucks by 3.2% during the second quarter. State Street Corp now owns 49,260,268 shares of the coffee company's stock worth $5,033,907,000 after purchasing an additional 1,530,497 shares in the last quarter. Smith Chas P & Associates PA Cpas bought a new stake in Starbucks during the 2nd quarter valued at approximately $204,000. Marathon Wealth Advisors LLC lifted its holdings in Starbucks by 1.9% in the 2nd quarter. Marathon Wealth Advisors LLC now owns 13,128 shares of the coffee company's stock worth $1,342,000 after purchasing an additional 246 shares in the last quarter. Finally, Capstone Financial Advisors Inc. bought a new position in Starbucks in the 2nd quarter worth approximately $2,981,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

Starbucks Company Profile

Starbucks Corporation is a global specialty coffee company that operates coffeehouses and sells coffee, tea and other beverages, along with food products and merchandise. Its menu includes brewed coffee, espresso-based drinks, cold beverages, teas, bakery items and ready-to-eat food. Starbucks also markets packaged coffee, ready-to-drink beverages and related products through retail and grocery channels, often through licensing and other business partnerships.

Founded in Seattle in 1971, Starbucks expanded from a local coffee retailer into an international brand.

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