Starbucks Corporation (SBUX) : United Asset Strategies added new position in Starbucks Corporation during the most recent quarter end. The investment management firm now holds 126,270 shares of Starbucks Corporation which is valued at $7,063,544 , the company said in a statement filed on Aug 1, 2016 with the SEC.Starbucks Corporation makes up approximately 2.55% of United Asset Strategies’s portfolio.
Other Hedge Funds, Including , Riverbridge Partners reduced its stake in SBUX by selling 23,539 shares or 2.53% in the most recent quarter. The Hedge Fund company now holds 906,189 shares of SBUX which is valued at $50,692,213. Starbucks Corporation makes up approx 1.02% of Riverbridge Partners’s portfolio.Alta Capital Management reduced its stake in SBUX by selling 279 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 779,834 shares of SBUX which is valued at $45,152,389. Starbucks Corporation makes up approx 2.70% of Alta Capital Management’s portfolio.Strategic Advisors boosted its stake in SBUX in the latest quarter, The investment management firm added 3,993 additional shares and now holds a total of 27,311 shares of Starbucks Corporation which is valued at $1,571,475. Starbucks Corporation makes up approx 0.88% of Strategic Advisors’s portfolio.Physicians Financial Services reduced its stake in SBUX by selling 2,906 shares or 28.35% in the most recent quarter. The Hedge Fund company now holds 7,343 shares of SBUX which is valued at $417,964. Starbucks Corporation makes up approx 0.36% of Physicians Financial Services’s portfolio.Stillwater Investment Management boosted its stake in SBUX in the latest quarter, The investment management firm added 457 additional shares and now holds a total of 40,243 shares of Starbucks Corporation which is valued at $2,274,132. Starbucks Corporation makes up approx 1.28% of Stillwater Investment Management’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.