Invesco Ltd. Increases Stock Holdings in Starbucks Corporation $SBUX

Invesco Ltd. raised its position in Starbucks Corporation (NASDAQ:SBUX) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,607,392 shares of the coffee company’s stock after acquiring an additional 1,016,898 shares during the quarter. Invesco Ltd.’s holdings in Starbucks were worth $1,230,088,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Rare Wolf Capital LLC acquired a new stake in Starbucks during the 4th quarter worth approximately $1,361,000. Corient Private Wealth LLC boosted its position in Starbucks by 3.5% in the 4th quarter. Corient Private Wealth LLC now owns 2,903,047 shares of the coffee company’s stock valued at $240,515,000 after buying an additional 97,375 shares during the period. Strive Financial Group LLC acquired a new position in shares of Starbucks in the fourth quarter worth $488,000. Mercer Global Advisors Inc. ADV increased its position in shares of Starbucks by 6.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 206,206 shares of the coffee company’s stock worth $17,499,000 after acquiring an additional 11,962 shares during the period. Finally, Summit Global Investments purchased a new stake in shares of Starbucks during the fourth quarter worth $417,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks is accelerating expansion in India, with plans to open about 100 new stores a year. That suggests management still sees strong long-term demand in a key international market and reinforces the company’s global growth story. Starbucks Plans Faster India Growth
• Positive Sentiment: Retail-sales data continued to look solid, and Starbucks was highlighted as one of the stocks that could benefit from robust consumer demand and improving earnings expectations. 5 Stocks to Grab as Retail Sales Continue to Surge on Robust Demand
• Positive Sentiment: Another market piece also flagged Starbucks among names to watch as retail sales stay resilient, which can support the stock by signaling that consumer spending on coffee and drinks remains healthy. 5 Stocks to Grab as Retail Sales Continue to Surge on Robust Demand
• Neutral Sentiment: Coverage around Starbucks’s store closures suggests the company is pursuing a broader reset, trimming some locations while investing in café upgrades and operational changes. Investors may view this as a long-term brand refresh, but it also shows the turnaround is still in progress. The Real Reason Starbucks Is Closing Stores
• Negative Sentiment: Recent trading updates noted Starbucks underperformed peers and fell on the prior session, reflecting some near-term pressure despite the longer-term growth narrative. Starbucks Corp. stock underperforms Wednesday when compared to competitors
• Negative Sentiment: Some commentary focused on Starbucks trading lower versus the broader market, which may have weighed on sentiment heading into today. Starbucks (SBUX) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a report on Wednesday, April 22nd. Tigress Financial started coverage on Starbucks in a report on Wednesday, April 15th. They set a “buy” rating and a $122.00 price target on the stock. The Goldman Sachs Group lowered Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. UBS Group cut Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.93.

Insider Activity at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the transaction, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. This represents a 3.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total transaction of $233,621.49. Following the completion of the transaction, the chief executive officer directly owned 81,559 shares in the company, valued at $8,548,198.79. This trade represents a 2.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,687 shares of company stock worth $863,707 over the last quarter. 0.03% of the stock is currently owned by insiders.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $100.65 on Friday. The business has a 50-day moving average of $100.93 and a two-hundred day moving average of $95.13. The company has a market capitalization of $114.71 billion, a price-to-earnings ratio of 76.25, a price-to-earnings-growth ratio of 1.97 and a beta of 0.98. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities research analysts expect that Starbucks Corporation will post 2.42 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, May 15th. Starbucks’s dividend payout ratio is currently 187.88%.

About Starbucks

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.