Capital International Inc Ca Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Capital International Inc Ca reduced its stake in Starbucks Corporation by 46.15% during the most recent quarter end. The investment management company now holds a total of 118,415 shares of Starbucks Corporation which is valued at $6,568,480 after selling 101,500 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Starbucks Corporation makes up approximately 0.64% of Capital International Inc Ca’s portfolio.

Other Hedge Funds, Including , Interval Partners Lp added SBUX to its portfolio by purchasing 800,797 company shares during the most recent quarter which is valued at $44,420,210. Starbucks Corporation makes up approx 3.57% of Interval Partners Lp’s portfolio.Edgewood Management reduced its stake in SBUX by selling 3,214 shares or 13.69% in the most recent quarter. The Hedge Fund company now holds 20,261 shares of SBUX which is valued at $1,123,878. Starbucks Corporation makes up approx 0.01% of Edgewood Management’s portfolio.First Long Island Investors reduced its stake in SBUX by selling 3,028 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 200,604 shares of SBUX which is valued at $11,105,437. Starbucks Corporation makes up approx 1.99% of First Long Island Investors’s portfolio.Pax World Management reduced its stake in SBUX by selling 54,300 shares or 88.19% in the most recent quarter. The Hedge Fund company now holds 7,272 shares of SBUX which is valued at $403,378. Starbucks Corporation makes up approx 0.02% of Pax World Management’s portfolio. Riskx Investments sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 12,541 shares of SBUX which is valued $701,544.

Starbucks Corporation opened for trading at $56.19 and hit $56.6 on the upside on Wednesday, eventually ending the session at $56.32, with a gain of 0.54% or 0.3 points. The heightened volatility saw the trading volume jump to 11,428,644 shares. Company has a market cap of $82,599 M.

On the company’s financial health, Starbucks Corporation reported $0.39 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.39. The company had revenue of $4993.00 million for the quarter, compared to analysts expectations of $5027.03 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

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.

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