Mark Asset Management Corp Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Mark Asset Management Corp reduced its stake in Starbucks Corporation by 2.81% during the most recent quarter end. The investment management company now holds a total of 209,724 shares of Starbucks Corporation which is valued at $11,633,390 after selling 6,061 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Starbucks Corporation makes up approximately 3.23% of Mark Asset Management Corp’s portfolio.

Other Hedge Funds, Including , Samlyn Capital boosted its stake in SBUX in the latest quarter, The investment management firm added 171,855 additional shares and now holds a total of 988,589 shares of Starbucks Corporation which is valued at $54,837,032. Starbucks Corporation makes up approx 1.33% of Samlyn Capital’s portfolio.Allianz Asset Management Ag reduced its stake in SBUX by selling 577,140 shares or 12.06% in the most recent quarter. The Hedge Fund company now holds 4,208,923 shares of SBUX which is valued at $233,468,959. Starbucks Corporation makes up approx 0.32% of Allianz Asset Management Ag’s portfolio. Dixon Hubard Feinour Brown Incva sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 103,660 shares of SBUX which is valued $5,750,020.Mn Services Vermogensbeheer B.v. boosted its stake in SBUX in the latest quarter, The investment management firm added 330 additional shares and now holds a total of 37,547 shares of Starbucks Corporation which is valued at $2,098,877. Starbucks Corporation makes up approx 0.42% of Mn Services Vermogensbeheer B.v.’s portfolio.Ls Investment Advisors boosted its stake in SBUX in the latest quarter, The investment management firm added 2,001 additional shares and now holds a total of 31,731 shares of Starbucks Corporation which is valued at $1,837,225. Starbucks Corporation makes up approx 0.12% of Ls Investment Advisors’s portfolio.

Starbucks Corporation opened for trading at $56.3 and hit $56.56 on the upside on Thursday, eventually ending the session at $56.31, with a gain of 0.14% or 0.08 points. The heightened volatility saw the trading volume jump to 62,30,148 shares. Company has a market cap of $82,584 M.

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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