Tokio Marine Asset Management Co. Ltd. Raises Holdings in Starbucks Co. (NASDAQ:SBUX)

Tokio Marine Asset Management Co. Ltd. boosted its position in Starbucks Co. (NASDAQ:SBUX) by 202.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,995 shares of the coffee company’s stock after acquiring an additional 72,242 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Starbucks were worth $9,855,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. Czech National Bank boosted its position in shares of Starbucks by 6.9% during the 3rd quarter. Czech National Bank now owns 230,845 shares of the coffee company’s stock worth $22,505,000 after acquiring an additional 14,999 shares in the last quarter. Alpha Omega Wealth Management LLC acquired a new position in Starbucks in the 3rd quarter valued at about $212,000. GAMMA Investing LLC grew its stake in shares of Starbucks by 19.0% in the 3rd quarter. GAMMA Investing LLC now owns 15,105 shares of the coffee company’s stock valued at $1,473,000 after purchasing an additional 2,417 shares during the last quarter. Everpar Advisors LLC lifted its holdings in shares of Starbucks by 10.9% during the third quarter. Everpar Advisors LLC now owns 5,014 shares of the coffee company’s stock worth $489,000 after purchasing an additional 494 shares during the period. Finally, Smith Anglin Financial LLC increased its stake in Starbucks by 7.4% in the 3rd quarter. Smith Anglin Financial LLC now owns 2,772 shares of the coffee company’s stock valued at $270,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Starbucks stock opened at $107.68 on Friday. The firm has a market capitalization of $122.31 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 3.47 and a beta of 0.99. The stock’s 50 day moving average price is $96.19 and its 200 day moving average price is $93.36. Starbucks Co. has a one year low of $71.55 and a one year high of $110.34.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.30% and a net margin of 9.73%. During the same quarter last year, the business earned $0.90 EPS. On average, analysts forecast that Starbucks Co. will post 3 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.27%. Starbucks’s dividend payout ratio is presently 78.71%.

Insiders Place Their Bets

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 80,124 shares in the company, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.98% of the stock is owned by company insiders.

Analyst Ratings Changes

SBUX has been the topic of a number of analyst reports. UBS Group lifted their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays raised their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday. BTIG Research upped their target price on Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. BMO Capital Markets lifted their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Citigroup lifted their price target on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.33.

Starbucks Company 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.