Invesco Ltd. Has $1.05 Billion Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Invesco Ltd. increased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 9.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,457,981 shares of the coffee company’s stock after buying an additional 944,897 shares during the period. Invesco Ltd. owned 1.01% of Starbucks worth $1,045,541,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in SBUX. Norges Bank bought a new position in Starbucks in the 4th quarter valued at about $1,244,812,000. FMR LLC lifted its holdings in shares of Starbucks by 27.0% during the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company’s stock worth $2,292,989,000 after purchasing an additional 5,348,790 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Starbucks in the 4th quarter valued at about $284,283,000. Assenagon Asset Management S.A. boosted its holdings in Starbucks by 1,491.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,808,571 shares of the coffee company’s stock valued at $256,282,000 after acquiring an additional 2,632,087 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Starbucks by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company’s stock worth $10,138,442,000 after buying an additional 784,432 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX stock opened at $82.10 on Monday. The stock has a fifty day simple moving average of $105.32 and a two-hundred day simple moving average of $99.41. The firm has a market capitalization of $93.26 billion, a PE ratio of 26.48, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS 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 firm posted $0.90 EPS. On average, sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks’s payout ratio is currently 78.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SBUX shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Wells Fargo & Company boosted their target price on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Barclays increased their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. UBS Group upped their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $106.12.

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.