Mufg Securities Americas Inc. Has $2.31 Million Stock Holdings in Starbucks Corporation $SBUX

Mufg Securities Americas Inc. increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 25.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 25,186 shares of the coffee company’s stock after purchasing an additional 5,079 shares during the period. Mufg Securities Americas Inc.’s holdings in Starbucks were worth $2,308,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Game Plan Financial Advisors LLC bought a new position in shares of Starbucks during the 2nd quarter worth approximately $25,000. Chelsea Counsel Co. acquired a new stake in Starbucks during the 2nd quarter valued at $26,000. CBIZ Investment Advisory Services LLC boosted its position in Starbucks by 125.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock worth $28,000 after purchasing an additional 159 shares during the period. MTM Investment Management LLC acquired a new position in shares of Starbucks in the second quarter valued at $28,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Starbucks in the first quarter valued at about $29,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 3.3%

NASDAQ SBUX opened at $85.35 on Friday. The company has a market cap of $97.05 billion, a price-to-earnings ratio of 52.04, a PEG ratio of 4.28 and a beta of 1.02. The company has a 50 day moving average of $83.83 and a 200-day moving average of $87.59. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, October 29th. The coffee company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The company had revenue of $9.57 billion for the quarter, compared to the consensus estimate of $9.41 billion. Starbucks had a negative return on equity of 31.84% and a net margin of 4.99%.Starbucks’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.80 EPS. On average, equities research analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.62 per share. This is a positive change from Starbucks’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, November 14th. Starbucks’s dividend payout ratio (DPR) is currently 151.22%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Starbucks from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Loop Capital set a $165.00 price objective on shares of Starbucks in a research report on Tuesday, August 12th. Morgan Stanley set a $105.00 target price on Starbucks and gave the company an “overweight” rating in a research report on Monday, October 20th. Dbs Bank lowered Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, TD Cowen restated a “hold” rating and issued a $84.00 price target on shares of Starbucks in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and a consensus price target of $101.44.

Insider Transactions at Starbucks

In other news, Director Jorgen Vig Knudstorp acquired 11,700 shares of Starbucks stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $994,500.00. Following the completion of the purchase, the director directly owned 53,096 shares of the company’s stock, valued at approximately $4,513,160. This represents a 28.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by insiders.

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.