Rakuten Securities Inc. Invests $55,000 in Starbucks Co. (NASDAQ:SBUX)

Rakuten Securities Inc. bought a new stake in Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 569 shares of the coffee company’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SBUX. BCK Partners Inc. purchased a new stake in shares of Starbucks during the first quarter valued at approximately $2,640,000. American Century Companies Inc. grew its holdings in Starbucks by 7.3% during the 1st quarter. American Century Companies Inc. now owns 27,634 shares of the coffee company’s stock valued at $2,514,000 after purchasing an additional 1,872 shares in the last quarter. Roundview Capital LLC increased its stake in Starbucks by 37.5% during the 1st quarter. Roundview Capital LLC now owns 7,152 shares of the coffee company’s stock worth $651,000 after buying an additional 1,952 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Starbucks in the 1st quarter worth $198,000. Finally, Mather Group LLC. boosted its position in Starbucks by 77.5% in the 1st quarter. Mather Group LLC. now owns 6,912 shares of the coffee company’s stock valued at $629,000 after buying an additional 3,017 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $86.21 on Thursday. The firm has a market capitalization of $97.61 billion, a PE ratio of 23.05, a P/E/G ratio of 1.37 and a beta of 0.97. Starbucks Co. has a 1-year low of $84.29 and a 1-year high of $115.48. The business’s fifty day moving average price is $91.33 and its two-hundred day moving average price is $94.47.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The business had revenue of $9.43 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period last year, the firm posted $0.75 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts expect that Starbucks Co. will post 4.03 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is 60.96%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SBUX. Jefferies Financial Group dropped their target price on Starbucks from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Tuesday. TD Cowen reiterated a “hold” rating and set a $100.00 target price on shares of Starbucks in a research note on Thursday, April 11th. StockNews.com lowered shares of Starbucks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Barclays decreased their price target on Starbucks from $116.00 to $112.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $102.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $107.43.

Insider Buying and Selling

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 7,250 shares of company stock valued at $653,183 over the last 90 days. 1.98% of the stock is currently 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.