Soltis Investment Advisors LLC Buys 5,017 Shares of Starbucks Co. (NASDAQ:SBUX)

Soltis Investment Advisors LLC raised its stake in Starbucks Co. (NASDAQ:SBUX) by 62.3% in the fourth quarter, Holdings Channel reports. The firm owned 13,064 shares of the coffee company’s stock after acquiring an additional 5,017 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Starbucks were worth $1,192,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SBUX. Financial Life Planners bought a new position in shares of Starbucks during the 4th quarter worth approximately $25,000. DT Investment Partners LLC boosted its stake 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 acquiring an additional 121 shares during the period. FSA Wealth Management LLC bought a new position in shares of Starbucks during the 3rd quarter worth approximately $49,000. Friedenthal Financial bought a new position in shares of Starbucks during the 3rd quarter worth approximately $50,000. Finally, Hager Investment Management Services LLC bought a new position in shares of Starbucks during the 4th quarter worth approximately $56,000. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays lifted their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Citigroup lifted their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Wedbush lifted their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their price target on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus lifted their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.33.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction on 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 owns 65,648 shares in the company, valued at $6,503,747.36. The trade was a 2.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Starbucks Stock Performance

Starbucks stock opened at $111.45 on Tuesday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $112.62. The stock has a market capitalization of $126.60 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The stock has a fifty day moving average of $97.12 and a 200-day moving average of $94.84.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the previous year, the company posted $0.90 earnings per share. On average, research analysts forecast that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Announces Dividend

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 given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.19%. Starbucks’s dividend payout ratio is currently 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.