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

Regatta Capital Group LLC lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. Strategic Investment Solutions Inc. IL acquired a new position in shares of Starbucks during the 2nd quarter worth approximately $25,000. DT Investment Partners LLC increased its holdings in Starbucks by 39.4% during the third 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 last quarter. FSA Wealth Management LLC bought a new stake in Starbucks during the third quarter worth $49,000. Friedenthal Financial acquired a new stake in Starbucks in the third quarter valued at $50,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Starbucks in the 3rd quarter valued at about $71,000. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Up 0.8 %

SBUX stock opened at $98.81 on Friday. The firm has a 50-day moving average price of $95.66 and a 200-day moving average price of $92.25. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $103.32. The stock has a market capitalization of $112.03 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 EPS. As a group, equities analysts predict that Starbucks Co. will post 3.08 EPS for the current fiscal year.

Starbucks Announces Dividend

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

Insider Activity

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the transaction, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. The trade was a 1.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wedbush reduced their price objective on shares of Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Barclays dropped their price objective on shares of Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, TD Cowen reissued a “buy” rating and issued a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and an average target price of $103.92.

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.