Rpg Family Wealth Advisory buys $4.2 Million stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Rpg Family Wealth Advisory scooped up 2,759 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 74,883 shares of Starbucks Corporation which is valued at $4.2 Million.Starbucks Corporation makes up approximately 3.27% of Rpg Family Wealth Advisory’s portfolio.

Other Hedge Funds, Including , Sns Financial Group sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 3,493 shares of SBUX which is valued $194,979.State Treasurer State Of Michigan boosted its stake in SBUX in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 508,964 shares of Starbucks Corporation which is valued at $28.7 Million. Starbucks Corporation makes up approx 0.23% of State Treasurer State Of Michigan’s portfolio.Financial Advisory Service boosted its stake in SBUX in the latest quarter, The investment management firm added 602 additional shares and now holds a total of 5,372 shares of Starbucks Corporation which is valued at $302,497. Starbucks Corporation makes up approx 0.15% of Financial Advisory Service’s portfolio.Rhumbline Advisers boosted its stake in SBUX in the latest quarter, The investment management firm added 59,202 additional shares and now holds a total of 2,183,608 shares of Starbucks Corporation which is valued at $123 Million. Starbucks Corporation makes up approx 0.38% of Rhumbline Advisers’s portfolio.Lee Danner Bass Inc boosted its stake in SBUX in the latest quarter, The investment management firm added 4,252 additional shares and now holds a total of 26,785 shares of Starbucks Corporation which is valued at $1.5 Million. Starbucks Corporation makes up approx 0.19% of Lee Danner Bass Inc’s portfolio.

Starbucks Corporation opened for trading at $54.88 and hit $55.3736 on the upside on Friday, eventually ending the session at $54.62, with a gain of 0.13% or 0.07 points. The heightened volatility saw the trading volume jump to 84,30,783 shares. Company has a market cap of $80,013 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.

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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