Nissay Asset Management Corp Japan ADV Has $23.29 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

Nissay Asset Management Corp Japan ADV boosted its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,492 shares of the coffee company's stock after purchasing an additional 11,771 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Starbucks were worth $23,292,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Financial Life Planners purchased a new position in shares of Starbucks during the fourth quarter valued at about $25,000. Graney & King LLC purchased a new position in shares of Starbucks in the fourth quarter valued at about $26,000. Collier Financial purchased a new position in shares of Starbucks during the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the 4th quarter worth about $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Starbucks in the 4th quarter worth about $30,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Price Performance

Shares of Starbucks stock traded down $1.69 on Friday, hitting $85.57. 13,093,429 shares of the company's stock traded hands, compared to its average volume of 11,223,063. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The stock has a market capitalization of $97.24 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The firm's 50-day moving average price is $88.15 and its two-hundred day moving average price is $96.50.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The company's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. On average, analysts forecast that Starbucks Co. will post 2.99 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, May 30th. Investors of record on Friday, May 16th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio (DPR) is presently 88.41%.

Analyst Ratings Changes

SBUX has been the subject of several research reports. Jefferies Financial Group raised shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target for the company in a research report on Wednesday, April 9th. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Wedbush raised their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Wells Fargo & Company cut their price objective on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group cut Starbucks from a "buy" rating to a "neutral" rating and reduced their target price for the company from $103.00 to $85.00 in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Starbucks presently has an average rating of "Moderate Buy" and an average price target of $98.72.

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.