Starbucks (NASDAQ:SBUX) CEO Brady Brewer Sells 2,229 Shares

Key Points

• Starbucks CEO Brady Brewer sold 2,229 shares at an average price of $105.60, generating $235,382.40. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 73,149 shares.
• Starbucks shares fell 1.9% to $100.04 during mid-day trading. The company recently beat quarterly earnings and revenue expectations, although revenue declined 1.4% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $110.30; institutional investors own 72.29% of the company’s stock.

Starbucks Corporation (NASDAQ:SBUX - Get Free Report) CEO Brady Brewer sold 2,229 shares of the company's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $105.60, for a total value of $235,382.40. Following the completion of the transaction, the chief executive officer directly owned 73,149 shares in the company, valued at approximately $7,724,534.40. This trade represents a 2.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Wednesday, August 5th, Brady Brewer sold 2,229 shares of Starbucks stock. The stock was sold at an average price of $105.99, for a total value of $236,251.71.
• On Monday, July 6th, Brady Brewer sold 2,229 shares of Starbucks stock. The shares were 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 shares were sold at an average price of $100.00, for a total transaction of $58,800.00.

Starbucks Stock Down 1.9%

SBUX stock traded down $1.97 during mid-day trading on Wednesday, hitting $100.04. 5,853,801 shares of the company were exchanged, compared to its average volume of 8,004,495. The firm has a market capitalization of $114.05 billion, a P/E ratio of 57.49, a PEG ratio of 1.80 and a beta of 0.97. The business has a fifty day simple moving average of $105.44 and a 200-day simple moving average of $101.24. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51.

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 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 business had revenue of $9.32 billion during the quarter, compared to analysts' expectations of $9.17 billion. During the same period last year, the business earned $0.50 earnings per share. The business'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. Research analysts predict that Starbucks Corporation will post 2.64 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings restated a "hold (c)" rating on shares of Starbucks in a research note on Monday, July 20th. Robert W. Baird raised Starbucks to a "strong-buy" rating in a research note on Monday, August 24th. BMO Capital Markets reiterated an "outperform" rating and issued a $130.00 price objective on shares of Starbucks in a report on Thursday, July 30th. BNP Paribas Exane boosted their price objective on Starbucks from $87.00 to $92.00 and gave the company an "underperform" rating in a report on Thursday, July 30th. Finally, Compass Point initiated coverage on Starbucks in a research note on Monday, August 3rd. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $110.30.

Institutional Trading of Starbucks

A number of large investors have recently modified their holdings of the stock. California State Teachers Retirement System grew its stake in Starbucks by 10,101.1% during the 2nd quarter. California State Teachers Retirement System now owns 179,138,252 shares of the coffee company's stock worth $18,306,138,000 after purchasing an additional 177,382,188 shares in the last quarter. BlackRock Inc. purchased a new stake in Starbucks during the 2nd quarter worth about $8,504,509,000. Bank of America Corp DE acquired a new stake in Starbucks in the 2nd quarter valued at about $1,581,287,000. Norges Bank acquired a new stake in Starbucks in the 4th quarter valued at about $1,232,650,000. Finally, T. Rowe Price Investment Management Inc. raised its position in 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 in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.

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