Sen. Jim Banks Sells Off Shares of Starbucks Corporation (NASDAQ:SBUX)

Senator Jim Banks (Republican-Indiana) recently sold shares of Starbucks Corporation (NASDAQ:SBUX). In a filing disclosed on April 20th, the Senator disclosed that they had sold between $1,001 and $15,000 in Starbucks stock on April 15th.

Starbucks Trading Down 1.1%

Shares of SBUX stock opened at $98.95 on Tuesday. The business’s 50 day moving average is $95.86 and its two-hundred day moving average is $90.02. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $104.82. The company has a market capitalization of $112.73 billion, a P/E ratio of 81.78, a price-to-earnings-growth ratio of 2.26 and a beta of 0.95.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, January 28th. The coffee company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The firm had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the business posted $0.69 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, equities analysts predict that Starbucks Corporation will post 2.31 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, May 15th. Starbucks’s dividend payout ratio (DPR) is 204.96%.

Insider Buying and Selling at Starbucks

In other Starbucks news, EVP Sara Kelly sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $242,800.00. Following the completion of the transaction, the executive vice president owned 59,609 shares in the company, valued at $5,789,226.08. This represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brady Brewer sold 1,641 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $90.00, for a total value of $147,690.00. Following the completion of the transaction, the chief executive officer owned 84,376 shares of the company’s stock, valued at approximately $7,593,840. This represents a 1.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,370 shares of company stock valued at $608,664. 0.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Starbucks

A number of institutional investors have recently bought and sold shares of SBUX. Norges Bank acquired a new position in Starbucks in the fourth quarter valued at $1,232,650,000. Capital Research Global Investors lifted its position in Starbucks by 11.4% during the third quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock valued at $7,229,968,000 after buying an additional 8,774,198 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Starbucks by 65.9% during the fourth 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 buying an additional 7,725,547 shares in the last quarter. Capital World Investors lifted its position in Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after buying an additional 7,007,268 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in Starbucks by 146.6% during the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after buying an additional 3,596,014 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SBUX. William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $103.00 price target (up from $100.00) on shares of Starbucks in a research note on Friday, January 30th. DA Davidson started coverage on shares of Starbucks in a research note on Friday, March 6th. They set a “neutral” rating and a $97.00 price target on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Starbucks in a research note on Wednesday, March 4th. Finally, Bank of America set a $114.00 price target on Starbucks in a research note on Wednesday, January 21st. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $104.57.

About Senator Banks

Jim Banks (Republican Party) is a member of the U.S. Senate from Indiana. He assumed office on January 3, 2025. His current term ends on January 3, 2031.

Banks (Republican Party) ran for election to the U.S. Senate to represent Indiana. He won in the general election on November 5, 2024.

Jim Banks was born in Columbia City, Indiana, and lives in Indiana. Banks graduated from Columbia City High School. He began serving in the U.S. Navy Reserve in 2012. He was the first Indiana state legislator to take an extended leave of absence to fulfill service as an active military member. He deployed to Afghanistan in 2014 and returned in 2015. Banks earned an undergraduate degree from Indiana University and an M.B.A. from Grace College. His career experience includes working in the real estate and construction industries. Banks was previously president of the Columbia City Rotary Club, chairman of the Whitley County Republican Party, and has served on the Whitley County Council and Northeast Indiana Workforce Development Board

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.