Bennicas Associates adds Starbucks Corporation (SBUX) to its portfolio

Starbucks Corporation (SBUX) : Bennicas Associates added new position in Starbucks Corporation during the most recent quarter end. The investment management firm now holds 26,975 shares of Starbucks Corporation which is valued at $1,552,142 , the company said in a statement filed on Jul 19, 2016 with the SEC.Starbucks Corporation makes up approximately 1.36% of Bennicas Associates’s portfolio.

Other Hedge Funds, Including , D. Scott Neal boosted its stake in SBUX in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 1,500 shares of Starbucks Corporation which is valued at $86,310. Starbucks Corporation makes up approx 0.07% of D. Scott Neal’s portfolio. Foothills Asset Management Ltd. sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 44,400 shares of SBUX which is valued $2,507,712.

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.

Leave a Reply

Starbucks Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Starbucks Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.