Mizuho Securities Usa Exits Position in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Mizuho Securities Usa has sold out all of its stake in Starbucks Corporation during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 15,000 shares of Starbucks Corporation which is valued at $865,200.

Starbucks Corporation closed down -0.82 points or -1.42% at $56.9 with 1,23,90,767 shares getting traded on Wednesday. Post opening the session at $57.51, the shares hit an intraday low of $56.62 and an intraday high of $57.65 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in SBUX by selling 4,655 shares or 47.79% in the most recent quarter. The Hedge Fund company now holds 5,085 shares of SBUX which is valued at $293,303. Starbucks Corporation makes up approx 0.02% of Transamerica Financial Advisors’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in SBUX in the latest quarter, The investment management firm added 3,324 additional shares and now holds a total of 442,246 shares of Starbucks Corporation which is valued at $26,760,305. Starbucks Corporation makes up approx 0.61% of Oregon Public Employees Retirement Fund’s portfolio.Alpha Windward reduced its stake in SBUX by selling 74 shares or 2.57% in the most recent quarter. The Hedge Fund company now holds 2,803 shares of SBUX which is valued at $169,610. Starbucks Corporation makes up approx 0.12% of Alpha Windward’s portfolio. Jaffetilchin Investment Partners sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 10,649 shares of SBUX which is valued $644,371. Naples Global Advisors added SBUX to its portfolio by purchasing 4,852 company shares during the most recent quarter which is valued at $293,595. Starbucks Corporation makes up approx 0.12% of Naples Global Advisors’s portfolio.

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.

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 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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