Rep. Bruce Westerman Sells Off Shares of Starbucks Co. (NASDAQ:SBUX)

Representative Bruce Westerman (R-Arkansas) recently sold shares of Starbucks Co. NASDAQ: SBUX. In a filing disclosed on May 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Starbucks stock on April 21st. The trade occurred in the Representative's "FISHER IRA" account.

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

• Sold $1,001 - $15,000 in shares of UniCredit OTCMKTS: UNCRY on 4/21/2025.
• Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Siemens Aktiengesellschaft OTCMKTS: SIEGY on 4/21/2025.
• Sold $1,001 - $15,000 in shares of GSK NYSE: GSK on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 4/21/2025.
• Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 4/21/2025.
• Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Chevron NYSE: CVX on 4/21/2025.

Starbucks Price Performance

SBUX traded down $1.69 during trading on Friday, hitting $85.57. The stock had a trading volume of 13,093,429 shares, compared to its average volume of 11,223,063. The company has a 50 day moving average price of $88.15 and a 200-day moving average price of $96.50. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The firm has a market cap of $97.24 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same period in the prior year, the firm earned $0.68 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.85%. Starbucks's payout ratio is currently 88.41%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SBUX. UBS Group cut their target price on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Stifel Nicolaus reduced their price objective on Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Citigroup lowered their target price on Starbucks from $88.00 to $84.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research note on Tuesday, March 18th. Finally, The Goldman Sachs Group cut shares of Starbucks from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $103.00 to $85.00 in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Starbucks has a consensus rating of "Moderate Buy" and a consensus target price of $98.72.

Institutional Investors Weigh In On Starbucks

Several hedge funds have recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. raised its holdings in shares of Starbucks by 2.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 59,844 shares of the coffee company's stock valued at $5,870,000 after buying an additional 1,178 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Starbucks by 8.7% during the first quarter. Empowered Funds LLC now owns 49,826 shares of the coffee company's stock valued at $4,887,000 after purchasing an additional 4,008 shares during the period. MBB Public Markets I LLC bought a new stake in Starbucks in the 1st quarter worth $325,000. Ascent Group LLC increased its position in shares of Starbucks by 62.1% in the first quarter. Ascent Group LLC now owns 20,013 shares of the coffee company's stock valued at $1,963,000 after acquiring an additional 7,670 shares during the period. Finally, Vancity Investment Management Ltd bought a new position in shares of Starbucks during the first quarter valued at about $615,000. Institutional investors own 72.29% of the company's stock.

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.

Starbucks Company Profile

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.