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

Sivia Capital Partners LLC reduced its holdings in Starbucks Co. (NASDAQ:SBUX) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thoroughbred Financial Services LLC raised its holdings in Starbucks by 63.4% in the second quarter. Thoroughbred Financial Services LLC now owns 14,164 shares of the coffee company’s stock worth $1,102,000 after purchasing an additional 5,498 shares in the last quarter. Wealthspire Advisors LLC lifted its position 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 acquiring 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 acquiring an additional 1,654 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in Starbucks by 243.7% in the second quarter. J.W. Cole Advisors Inc. now owns 23,346 shares of the coffee company’s stock worth $1,817,000 after purchasing an additional 16,553 shares during the period. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Starbucks during the second quarter valued at approximately $243,910,000. Institutional investors own 72.29% of the company’s stock.

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 1,452 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $99.07, for a total transaction of $143,849.64. Following the completion of the transaction, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at approximately $6,503,747.36. This trade represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.98% of the stock is owned by corporate insiders.

Starbucks Trading Up 0.9 %

Starbucks stock traded up $0.85 during midday trading on Monday, hitting $93.10. The stock had a trading volume of 4,657,873 shares, compared to its average volume of 6,598,137. 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 PE ratio of 28.13, a P/E/G ratio of 2.86 and a beta of 0.99. The firm’s fifty day moving average is $96.13 and its two-hundred day moving average is $91.13.

Starbucks (NASDAQ:SBUX) last announced 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. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period last year, the firm earned $1.06 EPS. The company’s revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts predict that Starbucks Co. will post 3.11 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently announced 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. This represents a $2.44 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio is currently 73.72%.

Analyst Ratings Changes

A number of brokerages have issued reports on SBUX. Jefferies Financial Group cut Starbucks from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $80.00 to $76.00 in a research note on Tuesday, September 24th. Sanford C. Bernstein raised shares of Starbucks from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $92.00 to $115.00 in a research report on Thursday, September 26th. Bank of America decreased their target price on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Wells Fargo & Company raised their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Finally, Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 price objective (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.77.

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.