Geneva Advisors Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Geneva Advisors reduced its stake in Starbucks Corporation by 2.81% during the most recent quarter end. The investment management company now holds a total of 3,064,345 shares of Starbucks Corporation which is valued at $169,979,217 after selling 88,733 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Starbucks Corporation makes up approximately 3.25% of Geneva Advisors’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in SBUX in the latest quarter, The investment management firm added 651 additional shares and now holds a total of 641,992 shares of Starbucks Corporation which is valued at $35,611,296. Starbucks Corporation makes up approx 0.83% of Norinchukin Bank The’s portfolio.Cable Hill Partners boosted its stake in SBUX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 5,182 shares of Starbucks Corporation which is valued at $289,674. Starbucks Corporation makes up approx 0.19% of Cable Hill Partners’s portfolio.Roanoke Asset Management Corp Ny boosted its stake in SBUX in the latest quarter, The investment management firm added 26,376 additional shares and now holds a total of 118,166 shares of Starbucks Corporation which is valued at $6,610,206. Starbucks Corporation makes up approx 2.91% of Roanoke Asset Management Corp Ny’s portfolio.Cg Asset Management boosted its stake in SBUX in the latest quarter, The investment management firm added 2,726 additional shares and now holds a total of 9,851 shares of Starbucks Corporation which is valued at $569,880. Starbucks Corporation makes up approx 0.22% of Cg Asset Management’s portfolio.Balasa Dinverno Foltz reduced its stake in SBUX by selling 1,337 shares or 11.36% in the most recent quarter. The Hedge Fund company now holds 10,436 shares of SBUX which is valued at $594,017. Starbucks Corporation makes up approx 0.10% of Balasa Dinverno Foltz’s portfolio.

Starbucks Corporation closed down -0.22 points or -0.40% at $55.25 with 59,68,728 shares getting traded on Monday. Post opening the session at $55.65, the shares hit an intraday low of $55.18 and an intraday high of $55.7 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.

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