Starbucks (NASDAQ:SBUX) Shares Unloaded Sen. Sheldon Whitehouse

Senator Sheldon Whitehouse (D-Rhode Island) recently sold shares of Starbucks Co. NASDAQ: SBUX. In a filing disclosed on May 13th, the Senator disclosed that they had sold between $1,001 and $15,000 in Starbucks stock on April 11th.

Senator Sheldon Whitehouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Estée Lauder Companies NYSE: EL on 4/29/2025.
• Sold $15,001 - $50,000 in shares of Starbucks NASDAQ: SBUX on 4/14/2025.
• Sold $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 4/14/2025.
• Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 4/14/2025.
• Sold $15,001 - $50,000 in shares of Honeywell International NASDAQ: HON on 4/3/2025.

Starbucks Price Performance

NASDAQ SBUX traded down $1.08 during mid-day trading on Friday, hitting $85.57. The company's stock had a trading volume of 13,084,785 shares, compared to its average volume of 11,221,119. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The stock's fifty day simple moving average is $88.43 and its two-hundred day simple moving average is $96.58. The firm has a market capitalization of $97.24 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $8.90 billion. During the same quarter in the previous year, the business posted $0.68 EPS. The company's quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm 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 $0.61 dividend. 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 88.41%.

Hedge Funds Weigh In On Starbucks

Hedge funds and other institutional investors have recently modified their holdings of the company. Czech National Bank lifted its holdings in Starbucks by 6.5% in the fourth quarter. Czech National Bank now owns 245,766 shares of the coffee company's stock worth $22,426,000 after purchasing an additional 14,921 shares during the period. Aprio Wealth Management LLC lifted its holdings in Starbucks by 23.4% in the fourth quarter. Aprio Wealth Management LLC now owns 3,077 shares of the coffee company's stock worth $281,000 after purchasing an additional 584 shares during the period. Matrix Trust Co lifted its holdings in Starbucks by 605.3% in the fourth quarter. Matrix Trust Co now owns 1,065 shares of the coffee company's stock worth $97,000 after purchasing an additional 914 shares during the period. Clark & Stuart Inc acquired a new stake in Starbucks in the 4th quarter valued at about $507,000. Finally, Winthrop Advisory Group LLC lifted its holdings in Starbucks by 25.4% in the 4th quarter. Winthrop Advisory Group LLC now owns 11,159 shares of the coffee company's stock valued at $1,018,000 after acquiring an additional 2,263 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Robert W. Baird reaffirmed a "neutral" rating and issued a $85.00 price objective (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a research report on Tuesday, March 18th. UBS Group lowered their price objective on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Stifel Nicolaus lowered their price objective on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Wedbush increased their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $98.72.

About Senator Whitehouse

Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2031. Whitehouse (Democratic Party) ran for re-election to the U.S. Senate to represent Rhode Island. He won in the general election on November 5, 2024.

About Starbucks

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.