Lourd Capital Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Lourd Capital reduced its stake in Starbucks Corporation by 0.65% during the most recent quarter end. The investment management company now holds a total of 5,347 shares of Starbucks Corporation which is valued at $299,111 after selling 35 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Starbucks Corporation makes up approximately 0.08% of Lourd Capital’s portfolio.

Other Hedge Funds, Including , Klingenstein Fields Co boosted its stake in SBUX in the latest quarter, The investment management firm added 302 additional shares and now holds a total of 16,573 shares of Starbucks Corporation which is valued at $927,094. Starbucks Corporation makes up approx 0.04% of Klingenstein Fields Co’s portfolio.Hl Financial Services boosted its stake in SBUX in the latest quarter, The investment management firm added 4,794 additional shares and now holds a total of 90,222 shares of Starbucks Corporation which is valued at $5,219,343. Starbucks Corporation makes up approx 0.12% of Hl Financial Services’s portfolio.Rnc Capital Management reduced its stake in SBUX by selling 575 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 16,924 shares of SBUX which is valued at $979,053. Starbucks Corporation makes up approx 0.09% of Rnc Capital 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.Patten Patten Inctn boosted its stake in SBUX in the latest quarter, The investment management firm added 301 additional shares and now holds a total of 16,888 shares of Starbucks Corporation which is valued at $954,341. Starbucks Corporation makes up approx 0.13% of Patten Patten Inctn’s portfolio.

Starbucks Corporation closed down -0.52 points or -0.93% at $55.42 with 1,11,93,748 shares getting traded on Thursday. Post opening the session at $56.05, the shares hit an intraday low of $55.38 and an intraday high of $56.29 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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