Mizuho Securities Co. Ltd. Has $45,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Mizuho Securities Co. Ltd. lessened its stake in Starbucks Co. (NASDAQ:SBUX) by 43.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. grew its position in Starbucks by 1,578.9% in the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after acquiring an additional 300 shares in the last quarter. Atticus Wealth Management LLC grew its position in Starbucks by 153.8% in the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Starbucks in the fourth quarter worth approximately $38,000. Financial Connections Group Inc. bought a new stake in shares of Starbucks during the 4th quarter worth $38,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Starbucks during the 4th quarter worth $40,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insiders Place Their Bets

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 7,000 shares of company stock valued at $629,738. 1.98% of the stock is currently owned by corporate insiders.

Starbucks Stock Down 0.4 %

Shares of NASDAQ SBUX traded down $0.31 during trading hours on Tuesday, reaching $87.87. 5,662,674 shares of the stock traded hands, compared to its average volume of 8,423,798. The company has a market capitalization 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. Starbucks Co. has a 52-week low of $84.29 and a 52-week high of $115.48. The company’s 50-day simple moving average is $90.68 and its two-hundred day simple moving average is $94.39.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $9.43 billion during 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%. Starbucks’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. As a group, sell-side analysts forecast that Starbucks Co. will post 4.01 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.59%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is 60.96%.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several recent analyst reports. Piper Sandler decreased their price objective on shares of Starbucks from $107.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, January 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $102.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. Wedbush reissued a “neutral” rating and issued a $95.00 price target on shares of Starbucks in a report on Wednesday, January 31st. TD Cowen reissued a “hold” rating and issued a $100.00 price target on shares of Starbucks in a report on Thursday, April 11th. Finally, Robert W. Baird reduced their price target on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Starbucks presently has an average rating of “Hold” and a consensus 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.