Sicart Associates LLC Has $1.78 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Sicart Associates LLC lessened its stake in Starbucks Co. (NASDAQ:SBUX) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,453 shares of the coffee company’s stock after selling 420 shares during the quarter. Sicart Associates LLC’s holdings in Starbucks were worth $1,775,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of Starbucks during the 2nd quarter worth $25,000. DT Investment Partners LLC increased its stake in shares of Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after purchasing an additional 121 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Starbucks during the 3rd quarter worth $49,000. Friedenthal Financial acquired a new position in shares of Starbucks during the 3rd quarter worth $50,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Starbucks during the 3rd quarter worth $71,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Up 1.5 %

Shares of SBUX opened at $94.43 on Friday. The business’s 50-day moving average price is $95.92 and its 200-day moving average price is $91.35. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $103.32. The stock has a market cap of $107.06 billion, a PE ratio of 28.53, a P/E/G ratio of 2.73 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its earnings results 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 business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. Starbucks’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Analysts expect that Starbucks Co. will post 3.1 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.58%. Starbucks’s dividend payout ratio (DPR) is 73.72%.

Insiders Place Their Bets

In related news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wedbush decreased their price objective on shares of Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus raised their price objective on shares of Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays dropped their target price on shares of Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Sanford C. Bernstein upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $92.00 to $115.00 in a research report on Thursday, September 26th. Finally, Redburn Atlantic reiterated a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $103.92.

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.