Tokio Marine Asset Management Co. Ltd. Purchases 797 Shares of Starbucks Co. (NASDAQ:SBUX)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,049 shares of the coffee company’s stock after buying an additional 797 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Starbucks were worth $3,269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atria Wealth Solutions Inc. lifted its holdings in Starbucks by 0.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 125,203 shares of the coffee company’s stock worth $12,021,000 after buying an additional 816 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in Starbucks by 3.9% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,673 shares of the coffee company’s stock worth $449,000 after buying an additional 177 shares during the period. Wynn Capital LLC purchased a new stake in Starbucks in the fourth quarter worth about $842,000. Harvest Fund Management Co. Ltd lifted its holdings in Starbucks by 7.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 10,207 shares of the coffee company’s stock worth $976,000 after buying an additional 666 shares during the period. Finally, Madison Park Capital Advisors LLC purchased a new stake in Starbucks in the fourth quarter worth about $393,000. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Performance

Shares of Starbucks stock traded down $0.82 on Thursday, hitting $87.93. 3,393,060 shares of the company’s stock were exchanged, compared to its average volume of 8,344,022. The company has a 50-day simple moving average of $90.57 and a 200-day simple moving average of $94.35. The stock has a market capitalization of $99.55 billion, a PE ratio of 23.48, a PEG ratio of 1.48 and a beta of 0.97. Starbucks Co. has a 1 year low of $84.29 and a 1 year high of $115.48.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. On average, analysts expect that Starbucks Co. will post 3.99 EPS for the current fiscal year.

Starbucks Announces Dividend

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 paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio is presently 60.96%.

Insider Transactions at Starbucks

In related news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now owns 84,153 shares in the company, valued at approximately $7,912,906.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 7,250 shares of company stock worth $651,738 in the last 90 days. 1.98% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on SBUX shares. Robert W. Baird decreased their target price on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Barclays decreased their target price on shares of Starbucks from $116.00 to $112.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. BMO Capital Markets decreased their target price on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, January 31st. Stephens reaffirmed an “equal weight” rating and set a $110.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Finally, Citigroup decreased their target price on shares of Starbucks from $102.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Starbucks has an average rating of “Hold” and a consensus target price of $106.68.

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.