3,370 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,370 shares of the coffee company’s stock, valued at approximately $308,000.

Several other institutional investors and hedge funds have also made changes to their positions in SBUX. Financial Life Planners acquired a new position in shares of Starbucks during the 4th quarter worth about $25,000. Collier Financial acquired a new position in shares of Starbucks during the 4th quarter worth about $27,000. Marshall Investment Management LLC acquired a new position in shares of Starbucks during the 4th quarter worth about $30,000. Noble Wealth Management PBC acquired a new position in shares of Starbucks during the 4th quarter worth about $30,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Starbucks during the 4th quarter worth about $36,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wedbush upped their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped their target price on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Barclays upped their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Finally, TD Cowen reaffirmed a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Price Performance

SBUX opened at $115.81 on Monday. The stock has a market cap of $131.55 billion, a P/E ratio of 37.36, a P/E/G ratio of 3.59 and a beta of 1.00. The stock’s 50 day simple moving average is $102.11 and its 200 day simple moving average is $98.54. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $116.09.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the previous year, the company posted $0.90 EPS. Research analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.