Norman Fields Gottscho Capital Management LLC Has $3.14 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Norman Fields Gottscho Capital Management LLC reduced its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 48.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,351 shares of the coffee company’s stock after selling 32,754 shares during the period. Starbucks accounts for approximately 1.0% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Starbucks were worth $3,135,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. ShankerValleau Wealth Advisors Inc. increased its stake in shares of Starbucks by 37.3% in the 4th quarter. ShankerValleau Wealth Advisors Inc. now owns 3,679 shares of the coffee company’s stock valued at $336,000 after acquiring an additional 1,000 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in Starbucks by 59.5% in the fourth quarter. CWA Asset Management Group LLC now owns 7,929 shares of the coffee company’s stock worth $724,000 after purchasing an additional 2,959 shares during the period. GAMMA Investing LLC increased its stake in Starbucks by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 16,888 shares of the coffee company’s stock valued at $1,541,000 after purchasing an additional 1,783 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Starbucks by 19.8% during the fourth quarter. Versant Capital Management Inc now owns 2,371 shares of the coffee company’s stock valued at $216,000 after purchasing an additional 392 shares during the period. Finally, Copley Financial Group Inc. bought a new position in shares of Starbucks during the 3rd quarter worth about $739,000. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

SBUX has been the subject of a number of research analyst reports. UBS Group boosted their target price on Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Royal Bank of Canada began coverage on Starbucks in a report on Friday, November 15th. They issued an “outperform” rating and a $115.00 target price on the stock. Sanford C. Bernstein upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $92.00 to $115.00 in a report on Thursday, September 26th. Finally, TD Cowen reiterated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a report on Monday, November 11th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Starbucks has an average rating of “Moderate Buy” and an average target price of $103.77.

Starbucks Price Performance

Shares of SBUX opened at $93.13 on Tuesday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $103.32. The stock’s fifty day moving average price is $96.55 and its two-hundred day moving average price is $90.77. The firm has a market cap of $105.59 billion, a PE ratio of 28.14, a PEG ratio of 2.86 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released 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 business had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the firm earned $1.06 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Starbucks Co. will post 3.11 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders 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 annualized dividend and a dividend yield of 2.62%. Starbucks’s dividend payout ratio is currently 73.72%.

Insider Activity

In related news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction that occurred 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 owns 65,648 shares of the company’s stock, valued at approximately $6,503,747.36. The trade was a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.98% 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.