Aviance Capital Partners buys $3,636,724 stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Aviance Capital Partners scooped up 38,421 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 65,562 shares of Starbucks Corporation which is valued at $3,636,724.Starbucks Corporation makes up approximately 1.28% of Aviance Capital Partners’s portfolio.

Other Hedge Funds, Including , Axiom International Investors De boosted its stake in SBUX in the latest quarter, The investment management firm added 26,629 additional shares and now holds a total of 1,623,300 shares of Starbucks Corporation which is valued at $90,044,451. Starbucks Corporation makes up approx 2.45% of Axiom International Investors De’s portfolio.Asset Advisors Corp boosted its stake in SBUX in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,109 shares of Starbucks Corporation which is valued at $62,037. Starbucks Corporation makes up approx 0.01% of Asset Advisors Corp’s portfolio.Sequoia Financial Advisors reduced its stake in SBUX by selling 219 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 15,683 shares of SBUX which is valued at $910,398. Starbucks Corporation makes up approx 0.25% of Sequoia Financial Advisors’s portfolio.Calamos Wealth Management boosted its stake in SBUX in the latest quarter, The investment management firm added 10,742 additional shares and now holds a total of 119,219 shares of Starbucks Corporation which is valued at $6,896,819. Starbucks Corporation makes up approx 1.32% of Calamos Wealth Management’s portfolio.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.

Starbucks Corporation opened for trading at $56.17 and hit $56.54 on the upside on Tuesday, eventually ending the session at $56.4, with a gain of 0.98% or 0.55 points. The heightened volatility saw the trading volume jump to 78,27,823 shares. Company has a market cap of $82,716 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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