Starbucks Co. (NASDAQ:SBUX) Shares Sold by Scott Capital Advisors LLC

Scott Capital Advisors LLC lowered its position in shares of Starbucks Co. (NASDAQ:SBUX) by 22.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,995 shares of the coffee company’s stock after selling 874 shares during the period. Scott Capital Advisors LLC’s holdings in Starbucks were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Starbucks during the 2nd quarter worth approximately $25,000. DT Investment Partners LLC boosted its position 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 purchasing an additional 121 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Starbucks during the 3rd quarter worth approximately $49,000. Friedenthal Financial purchased a new position in shares of Starbucks during the 3rd quarter worth approximately $50,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Starbucks during the 3rd quarter worth approximately $71,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $99.07, for a total transaction of $143,849.64. Following the sale, the chief financial officer now owns 65,648 shares of the company’s stock, valued at approximately $6,503,747.36. The trade was a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

SBUX has been the subject of several recent research reports. Stifel Nicolaus raised their price target on shares of Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group cut shares of Starbucks from a “hold” rating to an “underperform” rating and decreased their price target for the company from $80.00 to $76.00 in a research report on Tuesday, September 24th. Citigroup raised their price target on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley raised their price target on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, TD Cowen reissued a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.92.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $95.13 on Monday. The company’s fifty day moving average price is $95.84 and its 200 day moving average price is $91.60. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $103.32. The firm has a market capitalization of $107.86 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.73 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. Starbucks’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 earnings per share. On average, sell-side analysts anticipate that Starbucks Co. will post 3.1 EPS for the current year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.56%. Starbucks’s dividend payout ratio (DPR) is 73.72%.

About Starbucks

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.