Invesco LLC Has $309,000 Holdings in Starbucks Corporation (NASDAQ:SBUX)

Invesco LLC trimmed its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 65.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,152 shares of the coffee company's stock after selling 5,908 shares during the quarter. Invesco LLC's holdings in Starbucks were worth $309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock worth $16,126,000 after buying an additional 81,952 shares in the last quarter. Sigma Planning Corp raised its stake in Starbucks by 5.0% in the 4th quarter. Sigma Planning Corp now owns 21,341 shares of the coffee company's stock worth $1,947,000 after purchasing an additional 1,018 shares in the last quarter. Wealthspire Advisors LLC grew its position in shares of Starbucks by 1.2% during the 4th quarter. Wealthspire Advisors LLC now owns 42,717 shares of the coffee company's stock worth $3,898,000 after purchasing an additional 516 shares in the last quarter. World Equity Group Inc. grew its position in shares of Starbucks by 105.5% during the 4th quarter. World Equity Group Inc. now owns 4,700 shares of the coffee company's stock worth $429,000 after purchasing an additional 2,413 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Starbucks during the fourth quarter worth approximately $389,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Down 0.9%

Starbucks stock traded down $0.84 during trading hours on Tuesday, reaching $91.50. 9,501,623 shares of the company's stock were exchanged, compared to its average volume of 10,934,241. The firm has a market capitalization of $103.98 billion, a PE ratio of 33.15, a PEG ratio of 4.74 and a beta of 1.00. The firm's 50 day simple moving average is $86.02 and its 200 day simple moving average is $94.48. Starbucks Corporation has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Analysts Set New Price Targets

SBUX has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price objective on Starbucks from $95.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 11th. Cowen reaffirmed a "hold" rating on shares of Starbucks in a research report on Tuesday. BMO Capital Markets dropped their target price on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company cut their price target on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective for the company in a research report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $98.36.

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.