Regatta Capital Group LLC Sells 1,274 Shares of Starbucks Co. (NASDAQ:SBUX)

Regatta Capital Group LLC decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 8.4% during the 4th quarter, Holdings Channel reports. The firm owned 13,878 shares of the coffee company’s stock after selling 1,274 shares during the quarter. Regatta Capital Group LLC’s holdings in Starbucks were worth $1,266,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. MKT Advisors LLC grew its position in shares of Starbucks by 10.4% during the 4th quarter. MKT Advisors LLC now owns 8,351 shares of the coffee company’s stock worth $794,000 after buying an additional 789 shares during the period. Avaii Wealth Management LLC bought a new position in Starbucks during the fourth quarter worth $280,000. Jamison Private Wealth Management Inc. grew its holdings in Starbucks by 4.9% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 10,301 shares of the coffee company’s stock worth $940,000 after purchasing an additional 485 shares during the period. First Citizens Bank & Trust Co. increased its stake in Starbucks by 2.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 18,617 shares of the coffee company’s stock valued at $1,699,000 after purchasing an additional 511 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. raised its holdings in shares of Starbucks by 0.9% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 29,179 shares of the coffee company’s stock valued at $2,663,000 after purchasing an additional 269 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the sale, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.98% of the company’s stock.

Starbucks Stock Performance

SBUX stock opened at $98.81 on Friday. The stock has a fifty day moving average of $95.66 and a 200-day moving average of $92.25. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $103.32. The company has a market capitalization of $112.03 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.91 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter last year, the business earned $1.06 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Equities analysts predict that Starbucks Co. will post 3.08 EPS for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.47%. Starbucks’s dividend payout ratio is currently 73.72%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SBUX shares. Barclays decreased their target price on Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. UBS Group upped their target price on Starbucks from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their target price on shares of Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Bank of America dropped their price target on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and an average target price of $103.92.

Starbucks 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.