Rep. Pete Sessions Unloads Shares of Starbucks Corporation (NASDAQ:SBUX)

Representative Pete Sessions (Republican-Texas) recently sold shares of Starbucks Corporation (NASDAQ:SBUX). In a filing disclosed on October 27th, the Representative disclosed that they had sold between $15,001 and $50,000 in Starbucks stock on October 2nd.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Walt Disney (NYSE:DIS) on 10/28/2026.
• Sold $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Solstice Advanced Mat (NASDAQ:SOLS) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 10/21/2026.
• Sold $0 – $1,000 in shares of Resideo Technologies (NYSE:REZI) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 10/20/2026.
• Sold $15,001 – $50,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 10/15/2026.

Starbucks Stock Performance

Shares of SBUX stock opened at $105.51 on Friday. The stock’s fifty day moving average is $99.26 and its two-hundred day moving average is $99.63. The firm has a market capitalization of $120.28 billion, a P/E ratio of 42.47, a PEG ratio of 1.57 and a beta of 0.98. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.22 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.52 annualized dividend and a yield of 2.4%. This is an increase from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s dividend payout ratio is currently 142.53%.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Strong U.S. comparable sales and earnings: U.S. comparable-store sales increased 7.7%, ahead of expectations, while global comparable sales rose 7.2%. Adjusted earnings of $0.80 per share exceeded consensus estimates near $0.72-$0.73 and rose from $0.52 a year earlier. Higher average customer spending, Matcha, Refreshers, cold foam and merchandise helped drive results. Starbucks beats quarterly sales and profit expectations
• Positive Sentiment: Turnaround initiatives are gaining traction: CEO Brian Niccol said the “Back to Starbucks” plan is beginning to transition from a recovery effort into a growth strategy. Management is emphasizing service, employee coaching, store improvements and technology, including testing artificial intelligence in drive-throughs to speed ordering. Starbucks to Test AI in Drive-Thrus to Speed Up Orders
• Neutral Sentiment: Long-term expansion remains ambitious: Starbucks plans to accelerate international development and ultimately target nearly 40,000 stores abroad, potentially supporting future revenue growth but requiring significant investment and execution. Starbucks targets 40,000 stores abroad
• Negative Sentiment: Revenue and outlook disappointed: Quarterly revenue declined roughly 4% to $9.14 billion, below estimates of about $9.22-$9.23 billion. Management also lowered full-year growth guidance to approximately 4%, suggesting the recovery may be slower than investors hoped. Starbucks revenue miss overshadows solid results
• Negative Sentiment: International operations remain a drag: International comparable sales missed expectations, while China restructuring weighed on consolidated revenue. U.S. sales growth also relied more on larger customer checks than increased store visits, raising questions about the durability of momentum. Starbucks international business disappoints

Institutional Investors Weigh In On Starbucks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in shares of Starbucks by 1.0% during the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock worth $849,000 after buying an additional 97 shares in the last quarter. Cypress Capital Management LLC WY boosted its stake in Starbucks by 30.9% during the 2nd quarter. Cypress Capital Management LLC WY now owns 424 shares of the coffee company’s stock valued at $43,000 after purchasing an additional 100 shares during the period. Webster Bank N. A. increased its position in Starbucks by 7.8% in the 2nd quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock valued at $143,000 after acquiring an additional 101 shares during the period. Nilsine Partners LLC raised its position in shares of Starbucks by 1.0% during the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock worth $1,026,000 after buying an additional 101 shares in the last quarter. Finally, Beta Wealth Group Inc. lifted its position in Starbucks by 1.7% in the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock worth $635,000 after purchasing an additional 102 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Brady Brewer sold 588 shares of the company’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the sale, the chief executive officer directly owned 70,920 shares of the company’s stock, valued at $7,092,000. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock worth $685,935 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Rothschild & Co Redburn increased their price target on shares of Starbucks from $81.00 to $82.00 and gave the company a “sell” rating in a research note on Wednesday, September 30th. CICC Research boosted their target price on Starbucks from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 target price (up from $120.00) on shares of Starbucks in a research note on Thursday, July 30th. Mizuho decreased their target price on Starbucks from $115.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, October 23rd. Finally, Seaport Research Partners started coverage on shares of Starbucks in a research note on Wednesday, September 16th. They issued a “neutral” rating on the stock. Twenty-three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Starbucks has an average rating of “Hold” and an average target price of $110.53.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas’ 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas’ 17th Congressional District. He won in the general election on November 5, 2024.

On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023.

Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions’ career experience includes working as an executive with AT&T.

Starbucks Company Profile

Starbucks Corporation is a global specialty coffee company headquartered in Seattle, Washington. Founded in 1971, the company operates and licenses coffeehouses under the Starbucks brand, serving brewed coffee, espresso beverages, teas, cold drinks, food, and other ready-to-consume products.

In addition to its company-operated and licensed stores, Starbucks sells packaged coffee, tea, and single-serve products through grocery retailers, convenience stores, and other distribution channels.