Sonata Capital Group Inc. Has $561,000 Stock Position in Starbucks Co. (NASDAQ:SBUX)

Sonata Capital Group Inc. raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 21.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,149 shares of the coffee company’s stock after purchasing an additional 1,100 shares during the quarter. Sonata Capital Group Inc.’s holdings in Starbucks were worth $561,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SBUX. Financial Life Planners acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. Collier Financial acquired a new position in Starbucks in the fourth quarter valued at $27,000. DT Investment Partners LLC boosted its position in Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Starbucks during the 3rd quarter worth about $49,000. Finally, Friedenthal Financial bought a new position in shares of Starbucks in the 3rd quarter worth about $50,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 0.4 %

Starbucks stock opened at $111.03 on Wednesday. The stock has a market cap 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 company’s 50 day moving average price is $97.32 and its two-hundred day moving average price is $95.10. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $112.62.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the prior year, the firm posted $0.90 earnings per share. On average, equities analysts anticipate that Starbucks Co. will post 3 EPS for the current year.

Starbucks Dividend Announcement

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 given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio is 78.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SBUX shares. Wells Fargo & Company upped their target price on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. BTIG Research lifted their price objective on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Barclays boosted their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets raised their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.33.

Insider Buying and Selling at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the sale, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.