Starbucks (NASDAQ:SBUX) Shares Sold by Rep. Kevin Hern

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Starbucks Corporation (NASDAQ:SBUX). In a filing disclosed on October 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in Starbucks stock on September 23rd. The trade occurred in the Representative’s “HERN FAMILY REVOCABLE TRUST” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 10/2/2026.
• Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/23/2026.
• Sold $50,001 – $100,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026.
• Sold $50,001 – $100,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/23/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of Chevron (NYSE:CVX) on 9/23/2026.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/17/2026.

Starbucks Trading Up 1.4%

Shares of Starbucks stock opened at $93.25 on Thursday. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51. The company has a market cap of $106.31 billion, a P/E ratio of 53.59, a PEG ratio of 1.33 and a beta of 0.98. The company’s fifty day simple moving average is $100.51 and its two-hundred day simple moving average is $100.97.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.66 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Analysts predict that Starbucks Corporation will post 2.59 EPS for the current fiscal year.

Starbucks Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 13th. This is an increase from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s payout ratio is presently 142.53%.

Institutional Trading of Starbucks

A number of hedge funds have recently modified their holdings of SBUX. BlackRock Inc. purchased a new stake in Starbucks during the second quarter valued at approximately $8,504,509,000. State Street Corp increased its stake in shares of Starbucks by 3.2% in the 2nd quarter. State Street Corp now owns 49,260,268 shares of the coffee company’s stock worth $5,033,907,000 after purchasing an additional 1,530,497 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Starbucks by 65.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock worth $1,637,704,000 after purchasing an additional 7,725,547 shares during the period. Bank of America Corp DE bought a new stake in Starbucks during the second quarter valued at about $1,581,287,000. Finally, Invesco Ltd. raised its stake in shares of Starbucks by 7.5% in the fourth quarter. Invesco Ltd. now owns 14,607,392 shares of the coffee company’s stock worth $1,230,088,000 after buying an additional 1,016,898 shares during the period. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SBUX shares. William Blair reissued an “outperform” rating on shares of Starbucks in a research note on Thursday, October 8th. Compass Point started coverage on shares of Starbucks in a report on Monday, August 3rd. They issued a “buy” rating for the company. Sanford C. Bernstein cut Starbucks from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a report on Monday, July 20th. Twenty-three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $110.80.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks raised its quarterly dividend approximately 1.6% to $0.63 per share. The increase, combined with 7.9% global comparable-sales growth in the previous quarter, provides some support for the investment case ahead of earnings. Starbucks Just Hiked Its Dividend by 1.6%
• Positive Sentiment: The company is emphasizing its “Back to Starbucks” turnaround plan rather than pursuing an acquisition, which could reassure investors that management remains focused on improving the core coffee business. Starbucks Refocuses on Its Turnaround Plan
• Positive Sentiment: A limited-time Target-exclusive collection featuring themed drinkware and cake pops could generate incremental traffic and strengthen Starbucks’ retail partnership, although the financial impact is likely modest. Starbucks Unveils Limited-Time Collection Exclusive to Target
• Neutral Sentiment: Reports said Starbucks explored acquiring Chipotle Mexican Grill, but discussions never reached a formal offer and Starbucks has since confirmed it will not pursue the deal. The episode highlights potential strategic ambition but is not an immediate earnings catalyst. Starbucks Shuts Down Deal Rumors
• Negative Sentiment: Over the past six months, Starbucks has lost roughly 6.7%, substantially trailing the S&P 500’s 12% gain. Analysts and commentators question whether the turnaround is strong enough to justify the stock’s valuation. Three Reasons to Avoid SBUX
• Negative Sentiment: Recent performance has been weak, with reported declines over the past week and month, reinforcing investor concern that operational improvements have not yet produced sustained share-price momentum. Starbucks Refocuses on Its Turnaround Plan

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $105.60, for a total transaction of $235,382.40. Following the sale, the chief executive officer directly owned 73,149 shares of the company’s stock, valued at $7,724,534.40. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal 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. Insiders have sold a total of 6,099 shares of company stock worth $627,135 over the last quarter. 0.03% of the stock is owned by insiders.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

Starbucks Company Profile

Starbucks Corporation is a global specialty coffee company that operates coffeehouses and sells coffee, tea and other beverages, along with food products and merchandise. Its menu includes brewed coffee, espresso-based drinks, cold beverages, teas, bakery items and ready-to-eat food. Starbucks also markets packaged coffee, ready-to-drink beverages and related products through retail and grocery channels, often through licensing and other business partnerships.

Founded in Seattle in 1971, Starbucks expanded from a local coffee retailer into an international brand.