Starbucks Corporation (NASDAQ:SBUX – Get Free Report) CEO Brady Brewer sold 588 shares of Starbucks stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the transaction, the chief executive officer owned 79,593 shares in the company, valued at $7,959,300. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brady Brewer also recently made the following trade(s):
- On Friday, June 5th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $94.33, for a total transaction of $154,795.53.
- On Tuesday, May 5th, Brady Brewer sold 2,229 shares of Starbucks stock. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49.
- On Friday, April 17th, Brady Brewer sold 588 shares of Starbucks stock. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00.
- On Monday, April 6th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $90.00, for a total value of $147,690.00.
Starbucks Trading Down 1.4%
SBUX traded down $1.45 on Monday, reaching $101.59. The stock had a trading volume of 7,053,549 shares, compared to its average volume of 8,551,544. The company has a market capitalization of $115.78 billion, a price-to-earnings ratio of 76.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The firm has a 50-day moving average of $100.27 and a 200-day moving average of $94.72. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88.
Starbucks Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, May 15th. Starbucks’s dividend payout ratio is currently 187.88%.
Institutional Trading of Starbucks
Institutional investors have recently made changes to their positions in the business. Rachor Investment Advisory Services LLC acquired a new stake in Starbucks during the 4th quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Starbucks in the fourth quarter worth about $25,000. Phillip James Consulting Co. purchased a new stake in Starbucks in the 4th quarter valued at $25,000. Y.D. More Investments Ltd purchased a new stake in shares of Starbucks during the 3rd quarter valued at approximately $26,000. Finally, Entrust Financial LLC acquired a new position in Starbucks in the fourth quarter valued at about $26,000. Institutional investors and hedge funds own 72.29% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Morgan Stanley upgraded shares of Starbucks from an “overweight” rating to an “overweight” rating in a research report on Thursday, May 14th. Royal Bank Of Canada cut shares of Starbucks from a “sector perform” rating to a “positive” rating in a report on Thursday, May 14th. UBS Group cut shares of Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. The Goldman Sachs Group downgraded shares of Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $115.00 target price (up from $110.00) on shares of Starbucks in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.93.
Read Our Latest Stock Analysis on SBUX
Key Headlines Impacting Starbucks
Here are the key news stories impacting Starbucks this week:
- Negative Sentiment: Starbucks Korea is closing all locations early on June 22 for mandatory history and social-sensitivity training after a controversial promotion triggered boycotts, a public apology, and an investigation. The story adds reputational risk and highlights a management misstep that could hurt investor confidence. Article Title
- Negative Sentiment: Separate coverage says the South Korean “Tank Day” campaign fallout is still dragging on, with all outlets in the country set to close early for retraining. That reinforces concerns that the brand damage may linger beyond the initial controversy. Article Title
- Negative Sentiment: Investors are also watching a growing competitive threat, as 7 Brew expands rapidly and is increasingly pressuring Starbucks in the drive-thru coffee market. More competition could make it harder for Starbucks to sustain traffic gains. Article Title
- Neutral Sentiment: Some analysts say Starbucks is seeing better traffic thanks to faster service, stronger operations, and customer-experience initiatives. That supports the turnaround story, but it is not enough to fully offset the negative headlines. Article Title
- Neutral Sentiment: Starbucks also appeared on a Zacks “Strong Buy” income-stock list, which is a modest positive signal for valuation-focused investors, though it is less immediate than the current news flow. Article Title
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.
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