Starbucks Corporation (SBUX) : Private Asset Management Inc reduced its stake in Starbucks Corporation by 0.62% during the most recent quarter end. The investment management company now holds a total of 103,220 shares of Starbucks Corporation which is valued at $6.3 Million after selling 643 shares in Starbucks Corporation according to a report filed by the company on Apr 5, 2016 with the SEC.Starbucks Corporation makes up approximately 1.15% of Private Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Hollencrest Securities boosted its stake in SBUX in the latest quarter, The investment management firm added 812 additional shares and now holds a total of 11,229 shares of Starbucks Corporation which is valued at $683,846. Starbucks Corporation makes up approx 0.12% of Hollencrest Securities’s portfolio.Pensionfund Dsm Netherlands reduced its stake in SBUX by selling 8,000 shares or 8.11% in the most recent quarter. The Hedge Fund company now holds 90,600 shares of SBUX which is valued at $5.5 Million. Starbucks Corporation makes up approx 0.75% of Pensionfund Dsm Netherlands’s portfolio.Pensionfund Sabic reduced its stake in SBUX by selling 3,400 shares or 7.23% in the most recent quarter. The Hedge Fund company now holds 43,600 shares of SBUX which is valued at $2.7 Million. Starbucks Corporation makes up approx 0.81% of Pensionfund Sabic’s portfolio.
On the company’s financial health, Starbucks Corporation reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $0.45. The company had revenue of $5373.50 million for the quarter, compared to analysts expectations of $5394.69 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.
Many Wall Street Analysts have commented on Starbucks Corporation. Starbucks Corporation was Resumed by Credit Agricole to “Buy” on Apr 13, 2016. Shares were Downgraded by Deutsche Bank on Apr 12, 2016 to ” Hold” and Lowered the Price Target to $ 64 from a previous price target of $70 .Starbucks Corporation was Resumed by Stifel to “Hold” on Mar 18, 2016.
Starbucks Corporation closed down -0.14 points or -0.23% at $60.9 with 61,03,358 shares getting traded on Monday. Post opening the session at $61.22, the shares hit an intraday low of $60.78 and an intraday high of $61.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Starbucks Corporation is the roaster marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells along with coffee tea and other beverages and a range of fresh food items through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels such as licensed stores grocery and national foodservice accounts. It operates through four segment: Americas which includes the United States Canada and Latin America; Europe Middle East and Africa (EMEA); China/Asia Pacific (CAP) and Channel Development. In addition to its Starbucks Coffee brand it also sells goods and services under the brands including Teavana Tazo Seattle’s Best Coffee Evolution Fresh La Boulange and Ethos. Its Americas EMEA and CAP segments include both Company-operated and licensed stores. The Americas and EMEA segments include certain foodservice accounts primarily in Canada and the United Kingdom.