Sage Private Wealth Group LLC Has $430,000 Position in Starbucks Co. (NASDAQ:SBUX)

Sage Private Wealth Group LLC decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,713 shares of the coffee company’s stock after selling 247 shares during the quarter. Sage Private Wealth Group LLC’s holdings in Starbucks were worth $430,000 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 acquired a new position in shares of Starbucks during the fourth quarter valued at $25,000. Collier Financial bought a new stake in Starbucks during the 4th quarter worth about $27,000. DT Investment Partners LLC lifted its position in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares during the period. FSA Wealth Management LLC acquired a new position in Starbucks during the 3rd quarter valued at about $49,000. Finally, Friedenthal Financial bought a new position in shares of Starbucks in the 3rd quarter valued at about $50,000. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SBUX shares. Citigroup increased their price objective on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Barclays increased their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wedbush lifted their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. UBS Group increased their target price on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley boosted their target price on Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.33.

Starbucks Stock Performance

NASDAQ SBUX opened at $111.03 on Wednesday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $112.62. The stock’s 50 day moving average price is $97.32 and its two-hundred day moving average price is $95.10. The stock has a market capitalization of $126.12 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 3.52 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data 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 last year, the firm earned $0.90 EPS. On average, equities research analysts forecast that Starbucks Co. will post 3 EPS for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 2.20%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is 78.71%.

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by company insiders.

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.