Sage Private Wealth Group LLC Sells 247 Shares of Starbucks Co. (NASDAQ:SBUX)

Sage Private Wealth Group LLC reduced its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,713 shares of the coffee company’s stock after selling 247 shares during the quarter. Sage Private Wealth Group LLC’s holdings in Starbucks were worth $430,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SBUX. Financial Life Planners bought a new position in Starbucks during the fourth quarter worth $25,000. Collier Financial acquired a new stake in shares of Starbucks during the 4th quarter worth about $27,000. DT Investment Partners LLC boosted its holdings in shares of Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after buying an additional 121 shares during the period. FSA Wealth Management LLC acquired a new position in Starbucks in the 3rd quarter valued at about $49,000. Finally, Friedenthal Financial bought a new position in Starbucks in the 3rd quarter valued at about $50,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Rachel Ruggeri sold 1,452 shares of Starbucks stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total transaction of $143,849.64. Following the sale, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at approximately $6,503,747.36. This trade represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SBUX has been the subject of a number of research analyst reports. Redburn Atlantic restated a “sell” rating and set a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Bank of America dropped their price target on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. TD Cowen reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a report on Monday, November 11th. Wells Fargo & Company lifted their target price on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley upped their price target on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Trading Down 0.4 %

Shares of NASDAQ SBUX opened at $111.03 on Wednesday. The stock has a 50-day moving average price of $97.32 and a two-hundred day moving average price of $95.10. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $112.62. The company has a market cap of $126.12 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 3.52 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the prior year, the business posted $0.90 earnings per share. On average, sell-side analysts predict that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is 78.71%.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.