Northeast Investment Management buys $7,303,806 stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Northeast Investment Management scooped up 34,076 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 130,565 shares of Starbucks Corporation which is valued at $7,303,806.Starbucks Corporation makes up approximately 0.72% of Northeast Investment Management’s portfolio.

Other Hedge Funds, Including , Parkside Financial Bank Trust reduced its stake in SBUX by selling 4 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 596 shares of SBUX which is valued at $33,340. Starbucks Corporation makes up approx 0.02% of Parkside Financial Bank Trust’s portfolio.Herndon Capital Management reduced its stake in SBUX by selling 10,797 shares or 39.94% in the most recent quarter. The Hedge Fund company now holds 16,239 shares of SBUX which is valued at $942,674. Starbucks Corporation makes up approx 0.03% of Herndon Capital Management’s portfolio.Markston International reduced its stake in SBUX by selling 920 shares or 6.76% in the most recent quarter. The Hedge Fund company now holds 12,698 shares of SBUX which is valued at $734,579. Starbucks Corporation makes up approx 0.07% of Markston International’s portfolio.Winslow Evans Crocker boosted its stake in SBUX in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 4,510 shares of Starbucks Corporation which is valued at $261,129. Starbucks Corporation makes up approx 0.08% of Winslow Evans Crocker’s portfolio.Carroll Financial Associates boosted its stake in SBUX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 4,807 shares of Starbucks Corporation which is valued at $276,595. Starbucks Corporation makes up approx 0.04% of Carroll Financial Associates’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.

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