Starbucks Corporation (SBUX) : Chartist Inc Ca has sold out all of its stake in Starbucks Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 4,798 shares of Starbucks Corporation which is valued at $268,400.
Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D reduced its stake in SBUX by selling 40,000 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 860,000 shares of SBUX which is valued at $48,108,400. Starbucks Corporation makes up approx 0.21% of State Of New Jersey Common Pension Fund D’s portfolio.Retirement Systems Of Alabama reduced its stake in SBUX by selling 8,868 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 746,822 shares of SBUX which is valued at $43,203,653. Starbucks Corporation makes up approx 0.24% of Retirement Systems Of Alabama’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 closed down -0.54 points or -0.97% at $55.36 with 91,29,307 shares getting traded on Monday. Post opening the session at $55.97, the shares hit an intraday low of $55.17 and an intraday high of $55.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.