Daiwa Securities Group Inc. Increases Stake in Starbucks Co. (NASDAQ:SBUX)

Daiwa Securities Group Inc. increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 235,919 shares of the coffee company’s stock after buying an additional 10,229 shares during the period. Daiwa Securities Group Inc.’s holdings in Starbucks were worth $21,528,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in Starbucks during the 4th quarter worth approximately $25,000. Collier Financial purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $30,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $36,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Performance

SBUX stock opened at $101.13 on Tuesday. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The stock has a market capitalization of $114.87 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The company has a fifty day moving average of $104.31 and a 200-day moving average of $99.19.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate 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. Equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

SBUX has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price objective on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Redburn Atlantic reissued 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. UBS Group increased their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Finally, Wedbush increased their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

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.