Mizuho Securities Co. Ltd. Sells 360 Shares of Starbucks Co. (NASDAQ:SBUX)

Mizuho Securities Co. Ltd. lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 43.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 470 shares of the coffee company’s stock after selling 360 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in Starbucks were worth $45,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBUX. Vanguard Group Inc. grew its stake in shares of Starbucks by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 106,891,648 shares of the coffee company’s stock worth $9,756,001,000 after acquiring an additional 387,632 shares in the last quarter. Northern Trust Corp grew its stake in shares of Starbucks by 1.5% in the 3rd quarter. Northern Trust Corp now owns 15,217,752 shares of the coffee company’s stock worth $1,388,924,000 after acquiring an additional 232,031 shares in the last quarter. Invesco Ltd. grew its stake in shares of Starbucks by 11.8% in the 3rd quarter. Invesco Ltd. now owns 10,541,739 shares of the coffee company’s stock worth $962,144,000 after acquiring an additional 1,115,051 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Starbucks by 44.8% in the 4th quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock worth $493,350,000 after acquiring an additional 1,591,206 shares in the last quarter. Finally, Jensen Investment Management Inc. grew its stake in shares of Starbucks by 2.8% in the 3rd quarter. Jensen Investment Management Inc. now owns 4,956,442 shares of the coffee company’s stock worth $452,374,000 after acquiring an additional 133,620 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the insider now directly owns 84,153 shares in the company, valued at $7,912,906.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 7,000 shares of company stock worth $629,738. Insiders own 1.98% of the company’s stock.

Starbucks Trading Down 0.4 %

Shares of Starbucks stock traded down $0.31 on Tuesday, reaching $87.87. The stock had a trading volume of 5,662,674 shares, compared to its average volume of 8,423,798. Starbucks Co. has a 1 year low of $84.29 and a 1 year high of $115.48. The company has a market cap of $99.49 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The business’s 50 day moving average is $90.68 and its two-hundred day moving average is $94.39.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data 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 company had revenue of $9.43 billion during the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. On average, equities analysts anticipate that Starbucks Co. will post 4.01 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.57 dividend. 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 (DPR) is 60.96%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SBUX. JPMorgan Chase & Co. reduced their target price on shares of Starbucks from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, March 19th. Citigroup cut their price target on shares of Starbucks from $102.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Barclays cut their price target on shares of Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $102.00 price target on shares of Starbucks in a report on Wednesday, January 31st. Finally, BTIG Research cut their price target on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Fourteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $106.68.

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.