Sivia Capital Partners LLC Sells 163 Shares of Starbucks Co. (NASDAQ:SBUX)

Sivia Capital Partners LLC lowered its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,247 shares of the coffee company’s stock after selling 163 shares during the quarter. Sivia Capital Partners LLC’s holdings in Starbucks were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SBUX. Thoroughbred Financial Services LLC raised its position in Starbucks by 63.4% during the second quarter. Thoroughbred Financial Services LLC now owns 14,164 shares of the coffee company’s stock valued at $1,102,000 after purchasing an additional 5,498 shares during the period. Wealthspire Advisors LLC raised its holdings in Starbucks by 0.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 33,702 shares of the coffee company’s stock valued at $2,624,000 after buying an additional 203 shares during the period. Wrapmanager Inc. boosted its stake in Starbucks by 65.9% during the second quarter. Wrapmanager Inc. now owns 4,165 shares of the coffee company’s stock worth $324,000 after buying an additional 1,654 shares during the period. J.W. Cole Advisors Inc. increased its position in Starbucks by 243.7% during the second quarter. J.W. Cole Advisors Inc. now owns 23,346 shares of the coffee company’s stock valued at $1,817,000 after acquiring an additional 16,553 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Starbucks in the second quarter valued at $243,910,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on SBUX shares. Bank of America dropped their price target on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Citigroup upped their target price on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Barclays decreased their price target on Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. UBS Group increased their target price on Starbucks from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada initiated coverage on shares of Starbucks in a report on Friday, November 15th. They issued an “outperform” rating and a $115.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.77.

Starbucks Trading Up 0.9 %

SBUX traded up $0.85 during midday trading on Monday, hitting $93.10. 4,657,873 shares of the company traded hands, compared to its average volume of 6,598,137. The business has a 50 day simple moving average of $96.13 and a two-hundred day simple moving average of $91.13. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $103.32. The company has a market capitalization of $105.56 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.86 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. Starbucks’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 EPS. Equities research analysts anticipate that Starbucks Co. will post 3.11 earnings per share for the current year.

Starbucks Dividend Announcement

The business 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 is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.62%. Starbucks’s payout ratio 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.