Jorgen Vig Knudstorp, an insider at Starbucks Corp (SBUX), recently purchased 53,096 shares of the company's stock at a price of $85.00 per share, amounting to a total transaction value of $4.51 million. Following this transaction, Knudstorp holds the same number of shares in Starbucks.
This move underscores a potential confidence in the company’s future, as insider buying often reflects executives' insights into their business operations. Starbucks is a leader in the specialty coffee industry, operating both company-operated and licensed stores across North America and internationally. The company reported a market capitalization of $98.8 billion and has a trailing P/E ratio of 53.20, with an earnings per share (EPS) of 1.63.
Starbucks is also preparing for its upcoming earnings reports, with estimates suggesting an EPS of $0.75 and revenue of $10.3 billion for the period ending July 19, 2026. While insider transactions can provide insight into executive sentiment, they should be considered alongside broader market data and trends, as various personal or regulatory factors may influence such decisions.