Simplex Trading adds Starbucks Corporation (SBUX) to its portfolio

Starbucks Corporation (SBUX) : Simplex Trading added new position in Starbucks Corporation during the most recent quarter end. The investment management firm now holds 134,572 shares of Starbucks Corporation which is valued at $7,743,273 , the company said in a statement filed on Jul 18, 2016 with the SEC.Starbucks Corporation makes up approximately 0.98% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Highland Capital Management reduced its stake in SBUX by selling 25,510 shares or 46.58% in the most recent quarter. The Hedge Fund company now holds 29,259 shares of SBUX which is valued at $1,683,563. Starbucks Corporation makes up approx 0.14% of Highland Capital Management’s portfolio.Gofen Glossberg Il boosted its stake in SBUX in the latest quarter, The investment management firm added 268 additional shares and now holds a total of 553,819 shares of Starbucks Corporation which is valued at $31,279,697. Starbucks Corporation makes up approx 1.28% of Gofen Glossberg Il’s portfolio.Davenport Co boosted its stake in SBUX in the latest quarter, The investment management firm added 12,284 additional shares and now holds a total of 565,625 shares of Starbucks Corporation which is valued at $31,946,500. Starbucks Corporation makes up approx 0.47% of Davenport Co’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.

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