Group President International Michael Conway has sold 3,250 shares of Starbucks Corp (SBUX, Financial) on February 15, 2024, according to a recent SEC Filing. The transaction was executed at a price of $94.03 per share, resulting in a total sale amount of $305,597.50.
Starbucks Corp, with a market cap of $105.568 billion, is a premier roaster, marketer, and retailer of specialty coffee worldwide. The company operates in three segments: Americas, which is inclusive of the US, Canada, and Latin America; China/Asia Pacific; and EMEA (Europe, Middle East, and Africa). Starbucks offers a range of coffee and tea products and licenses its trademarks through other channels such as licensed stores, grocery, and foodservice accounts.
Over the past year, the insider has sold a total of 9,750 shares of Starbucks Corp and has not made any purchases. The recent sale by Michael Conway is part of a trend observed over the past year, where there have been 9 insider sells and 0 insider buys.
On the valuation front, Starbucks Corp's shares were trading at $94.03 on the day of the insider's sale. The company's price-earnings ratio stands at 24.93, which is above the industry median of 23.16 but below the company’s historical median price-earnings ratio.
According to the GuruFocus Value chart, with a price of $94.03 and a GuruFocus Value of $114.42, Starbucks Corp has a price-to-GF-Value ratio of 0.82, indicating that the stock is modestly undervalued.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider selling as it can provide insights into an insider's perspective on the value of the company's stock. However, insider transactions can be subject to various motivations and do not always necessarily indicate future stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
