Starbucks Corp (SBUX, Financial), the renowned global coffeehouse chain, has reported an insider sell according to the latest SEC filings. CEO of North America, Michael Conway, sold 3,250 shares of the company on April 15, 2024. The transaction was executed at a price of $85.39 per share, resulting in a total sale amount of $277,517.50.
Michael Conway has a history of selling shares in the company; over the past year, the insider has sold a total of 13,000 shares and has not made any purchases. This recent transaction continues the trend observed over the past year, where there have been no insider buys but 12 insider sells for Starbucks Corp.
The insider transaction history suggests a pattern of consistent selling by insiders, which may be of interest to current and potential investors.
Starbucks Corp, with a market cap of $97.59 billion, is a leading roaster, marketer, and retailer of specialty coffee around the world. The company operates in 83 markets, offering high-quality coffees, teas, and other beverages, along with a variety of fresh food items. Starbucks locations are not just places to buy coffee, but also serve as community gathering spots.
On the valuation front, Starbucks Corp's shares are trading at a price-earnings ratio of 23.05, slightly above the industry median of 22.89. However, this is below the company's historical median price-earnings ratio.
Starbucks Corp is currently trading at a price-to-GF-Value ratio of 0.74, with a GF Value of $115.93, indicating that the stock is modestly undervalued.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
Investors may consider these insights along with the broader market conditions and the company's performance when evaluating their investment in Starbucks Corp.
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.
