XTX Topco Ltd Makes New $581,000 Investment in Starbucks Co. (NASDAQ:SBUX)

XTX Topco Ltd acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,367 shares of the coffee company's stock, valued at approximately $581,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SBUX. Norges Bank bought a new stake in shares of Starbucks in the fourth quarter valued at approximately $1,244,812,000. FMR LLC grew its stake in Starbucks by 27.0% in the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock valued at $2,292,989,000 after buying an additional 5,348,790 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Starbucks during the 4th quarter valued at $284,283,000. Assenagon Asset Management S.A. lifted its position in shares of Starbucks by 1,491.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,808,571 shares of the coffee company's stock worth $256,282,000 after acquiring an additional 2,632,087 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Starbucks by 9.0% in the fourth quarter. Invesco Ltd. now owns 11,457,981 shares of the coffee company's stock worth $1,045,541,000 after acquiring an additional 944,897 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SBUX. UBS Group raised their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Robert W. Baird reissued a "neutral" rating and issued a $85.00 price target (down from $114.00) on shares of Starbucks in a report on Monday, April 7th. BMO Capital Markets upped their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Barclays dropped their price objective on Starbucks from $124.00 to $106.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.00.

Starbucks Price Performance

Shares of Starbucks stock traded up $1.10 during trading on Thursday, hitting $83.91. 5,047,737 shares of the company's stock traded hands, compared to its average volume of 11,489,818. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The business has a 50-day simple moving average of $97.38 and a 200-day simple moving average of $97.96. The stock has a market capitalization of $95.31 billion, a P/E ratio of 27.07, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the previous year, the business earned $0.90 earnings per share. On average, equities analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, May 16th. Starbucks's payout ratio is currently 78.71%.

About Starbucks

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.