Starbucks Corporation (SBUX) : Rothschild Capital Partners has sold out all of its stake in Starbucks Corporation during the most recent quarter, according to the disclosure filed by the company on Jul 26, 2016 with the SEC. The investment management company has sold out 129,450 shares of Starbucks Corporation which is valued at $7,488,683.
Other Hedge Funds, Including , Aviance Capital Management boosted its stake in SBUX in the latest quarter, The investment management firm added 112 additional shares and now holds a total of 9,768 shares of Starbucks Corporation which is valued at $565,079. Starbucks Corporation makes up approx 0.02% of Aviance Capital Management’s portfolio.Charter Trust Co boosted its stake in SBUX in the latest quarter, The investment management firm added 2,720 additional shares and now holds a total of 13,141 shares of Starbucks Corporation which is valued at $756,133. Starbucks Corporation makes up approx 0.09% of Charter Trust Co’s portfolio.Douglass Winthrop Advisors reduced its stake in SBUX by selling 3,180 shares or 28.85% in the most recent quarter. The Hedge Fund company now holds 7,842 shares of SBUX which is valued at $442,916. Starbucks Corporation makes up approx 0.03% of Douglass Winthrop Advisors’s portfolio.Forte Capital Adv boosted its stake in SBUX in the latest quarter, The investment management firm added 668 additional shares and now holds a total of 12,396 shares of Starbucks Corporation which is valued at $700,126. Starbucks Corporation makes up approx 0.26% of Forte Capital Adv’s portfolio.
Starbucks Corporation closed down -0.16 points or -0.27% at $58.05 with 69,14,907 shares getting traded on Friday. Post opening the session at $58.18, the shares hit an intraday low of $57.92 and an intraday high of $58.43 and the price fluctuated in this range throughout the day.Shares ended Friday 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.