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Starbucks (NASDAQ:SBUX) Stock Bought Rep. Bruce Westerman

Starbucks logo with Retail/Wholesale background

Representative Bruce Westerman (R-Arkansas) recently bought shares of Starbucks Co. NASDAQ: SBUX. In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Starbucks stock on March 3rd. The trade occurred in the Representative's "FISHER IRA" account.

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

  • Purchased $1,001 - $15,000 in shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne OTCMKTS: LVMUY on 4/2/2025.
  • Purchased $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/24/2025.
  • Purchased $1,001 - $15,000 in shares of Mitsubishi UFJ Financial Group NYSE: MUFG on 3/21/2025.
  • Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 3/21/2025.
  • Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 3/20/2025.
  • Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 3/20/2025.
  • Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 3/20/2025.
  • Sold $1,001 - $15,000 in shares of Visa NYSE: V on 3/20/2025.
  • Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/20/2025.
  • Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/20/2025.

Starbucks Price Performance

Shares of SBUX stock traded up $1.44 on Wednesday, hitting $83.19. The company's stock had a trading volume of 5,301,375 shares, compared to its average volume of 11,470,482. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The firm's fifty day moving average price is $97.97 and its 200-day moving average price is $98.06. The stock has a market capitalization of $94.50 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the business posted $0.90 earnings per share. Analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.93%. Starbucks's dividend payout ratio (DPR) is currently 78.71%.

Institutional Trading of Starbucks

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Starbucks by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock valued at $10,138,442,000 after acquiring an additional 784,432 shares in the last quarter. Capital World Investors grew its stake in Starbucks by 20.1% in the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock valued at $5,011,796,000 after purchasing an additional 9,174,682 shares in the last quarter. FMR LLC increased its position in shares of Starbucks by 27.0% during the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock worth $2,292,989,000 after purchasing an additional 5,348,790 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Starbucks by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company's stock worth $2,259,516,000 after purchasing an additional 548,245 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Starbucks by 4.7% in the fourth quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company's stock valued at $1,448,030,000 after buying an additional 718,880 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Robert W. Baird reissued a "neutral" rating and set a $85.00 price objective (down from $114.00) on shares of Starbucks in a report on Monday, April 7th. BMO Capital Markets increased their price target on Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.00.

Read Our Latest Stock Report on SBUX

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.

About Starbucks

(Get Free Report)

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.

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