Alliance Wealth Advisors LLC Sells 718 Shares of Starbucks Co. (NASDAQ:SBUX)

Alliance Wealth Advisors LLC reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,180 shares of the coffee company’s stock after selling 718 shares during the quarter. Alliance Wealth Advisors LLC’s holdings in Starbucks were worth $473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Life Planners purchased a new position in shares of Starbucks during the 4th quarter valued at $25,000. DT Investment Partners LLC lifted its position in shares of Starbucks by 39.4% in the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Starbucks in the third quarter worth about $49,000. Friedenthal Financial purchased a new stake in shares of Starbucks during the third quarter worth about $50,000. Finally, Hager Investment Management Services LLC bought a new stake in Starbucks during the 4th quarter valued at approximately $56,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction that occurred on Thursday, November 21st. The shares were 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 $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 price objective (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Citigroup lifted their price target on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. TD Cowen reissued a “buy” rating and set 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, BTIG Research increased their price target on Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Trading Up 0.4 %

Shares of SBUX opened at $112.20 on Friday. The firm has a market capitalization of $127.45 billion, a P/E ratio of 36.19, a P/E/G ratio of 3.52 and a beta of 1.00. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $112.62. The firm has a fifty day moving average price of $97.12 and a 200-day moving average price of $94.57.

Starbucks (NASDAQ:SBUX) last issued its 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the prior year, the company posted $0.90 EPS. Analysts predict that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio is 78.71%.

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.