Valley Brook Capital Group Inc. Sells 375 Shares of Starbucks Co. (NASDAQ:SBUX)

Valley Brook Capital Group Inc. lowered its stake in Starbucks Co. (NASDAQ:SBUX) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,910 shares of the coffee company’s stock after selling 375 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Starbucks were worth $357,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new position in shares of Starbucks in the fourth quarter worth approximately $25,000. Collier Financial bought a new position in shares of Starbucks in the fourth quarter worth about $27,000. DT Investment Partners LLC lifted its holdings in Starbucks by 39.4% in 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 in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Starbucks during the third quarter valued at approximately $49,000. Finally, Friedenthal Financial purchased a new position in shares of Starbucks during the third quarter valued at about $50,000. Institutional investors own 72.29% of the company’s stock.

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 shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by company insiders.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $111.03 on Wednesday. The firm has a market capitalization of $126.12 billion, a P/E ratio of 35.82, a P/E/G ratio of 3.52 and a beta of 1.00. The business’s 50-day moving average is $97.32 and its 200 day moving average is $95.10. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $112.62.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 in the previous year, the business earned $0.90 earnings per share. On average, analysts expect 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. Shareholders of record on Friday, February 14th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is 78.71%.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of recent research reports. UBS Group upped their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. BTIG Research increased their price target on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Wedbush boosted 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. Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 price objective (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Finally, Citigroup boosted their target price on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.33.

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.