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

Posted by Jeff Wilder on Sep 29th, 2026

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Starbucks Corporation (NASDAQ:SBUX). In a filing disclosed on September 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in Starbucks stock on September 2nd. 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 CenterPoint Energy (NYSE:CNP) on 9/15/2026.
Sold $1,001 – $15,000 in shares of TJX Companies (NYSE:TJX) on 9/15/2026.
Sold $15,001 – $50,000 in shares of STERIS (NYSE:STE) on 9/15/2026.
Sold $1,001 – $15,000 in shares of Seagate Technology (NASDAQ:STX) on 9/15/2026.
Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 9/14/2026.
Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/14/2026.
Sold $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 9/14/2026.
Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
Sold $15,001 – $50,000 in shares of Emerson Electric (NYSE:EMR) on 9/14/2026.

Starbucks Trading Up 0.2%

NASDAQ SBUX traded up $0.19 during trading hours on Tuesday, reaching $95.46. The company had a trading volume of 2,731,172 shares, compared to its average volume of 7,953,329. The stock has a 50-day moving average of $103.04 and a 200 day moving average of $101.13. The stock has a market capitalization of $108.83 billion, a P/E ratio of 54.76, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51.

Starbucks (NASDAQ:SBUX – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter last year, the company posted $0.50 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, sell-side analysts predict that Starbucks Corporation will post 2.62 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $105.60, for a total value of $235,382.40. Following the completion of the sale, the chief executive officer directly owned 73,149 shares in the company, valued at $7,724,534.40. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 6,687 shares of company stock worth $703,450. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of Starbucks

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

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $126.00 target price on shares of Starbucks in a report on Thursday, July 30th. UBS Group boosted their price objective on Starbucks from $105.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Morgan Stanley cut shares of Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Wells Fargo & Company downgraded shares of Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Finally, Sanford C. Bernstein lowered Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.48.

Read Our Latest Research Report on SBUX

More Starbucks News

Here are the key news stories impacting Starbucks this week:

Positive Sentiment: JPMorgan lowered its price target to $105 from $112 but maintained an “overweight” rating, implying approximately 10% upside from recent levels. The continued bullish rating suggests the firm views Starbucks’ turnaround potential as intact despite near-term execution risks. JPMorgan Starbucks price target report
Positive Sentiment: Recent coverage indicates the turnaround is winning back customers, while Starbucks is investing in technology infrastructure through a planned global capability center in Chennai, India. The center is expected to hire about 800 technology professionals, potentially supporting efficiency and digital initiatives over time. Starbucks turnaround and customer trends Starbucks India technology expansion
Neutral Sentiment: Starbucks plans to close approximately 250 underperforming North American locations, about 1% of its regional store base, and shift capital toward renovations and store retrofits. Management says the closures are part of a broader strategic reset rather than solely a response to weak sales, but the action may weigh on revenue while improving the store portfolio longer term. Starbucks store closure and restructuring report
Negative Sentiment: The restructuring carries an estimated $300 million charge and includes cuts to new-store guidance, increasing concerns about near-term earnings, growth and margins. Reports of closures in Charlotte and Southern California underscore the scale of the pullback. Starbucks store closures
Negative Sentiment: A nonprofit alleges that many Starbucks “widely recyclable” plastic cold-drink cups placed in recycling bins ultimately go to landfills or incinerators. The criticism could create reputational and environmental concerns. Starbucks recyclable cup criticism
Negative Sentiment: The United Steelworkers union condemned the planned closures, adding labor-relations risk as Starbucks manages its turnaround. Union response to Starbucks closures

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

(Get Free Report)

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.