Starbucks Corporation (SBUX) : Alta Capital Management reduced its stake in Starbucks Corporation by 0.04% during the most recent quarter end. The investment management company now holds a total of 779,834 shares of Starbucks Corporation which is valued at $45,152,389 after selling 279 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Starbucks Corporation makes up approximately 2.70% of Alta Capital Management’s portfolio.
Other Hedge Funds, Including , Palo Capital boosted its stake in SBUX in the latest quarter, The investment management firm added 15,728 additional shares and now holds a total of 30,100 shares of Starbucks Corporation which is valued at $1,742,790. Starbucks Corporation makes up approx 0.58% of Palo Capital’s portfolio.Bls Capital Fondsmaeglerselskab As boosted its stake in SBUX in the latest quarter, The investment management firm added 97,650 additional shares and now holds a total of 296,622 shares of Starbucks Corporation which is valued at $17,067,630. Starbucks Corporation makes up approx 7.36% of Bls Capital Fondsmaeglerselskab As’s portfolio.Windward Capital Management Co Ca boosted its stake in SBUX in the latest quarter, The investment management firm added 782 additional shares and now holds a total of 134,330 shares of Starbucks Corporation which is valued at $7,646,064. Starbucks Corporation makes up approx 1.43% of Windward Capital Management Co Ca’s portfolio. Webster Bank N. A. added SBUX to its portfolio by purchasing 5,305 company shares during the most recent quarter which is valued at $299,626. Starbucks Corporation makes up approx 0.04% of Webster Bank N. A.’s portfolio.Raymond James Trust N.a. reduced its stake in SBUX by selling 275 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 32,511 shares of SBUX which is valued at $1,837,197. Starbucks Corporation makes up approx 0.15% of Raymond James Trust N.a.’s portfolio.
Starbucks Corporation opened for trading at $57 and hit $57.66 on the upside on Wednesday, eventually ending the session at $57.54, with a gain of 1.37% or 0.78 points. The heightened volatility saw the trading volume jump to 94,46,396 shares. Company has a market cap of $84,290 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.