Starbucks Corporation (SBUX) : Cwm scooped up 234,235 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 235,703 shares of Starbucks Corporation which is valued at $12,511,115.Starbucks Corporation makes up approximately 0.90% of Cwm’s portfolio.
Other Hedge Funds, Including , Sonora Investment Management boosted its stake in SBUX in the latest quarter, The investment management firm added 1,243 additional shares and now holds a total of 4,501 shares of Starbucks Corporation which is valued at $238,913. Starbucks Corporation makes up approx 0.12% of Sonora Investment Management’s portfolio.Duff Phelps Investment Management Co reduced its stake in SBUX by selling 410 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 18,670 shares of SBUX which is valued at $991,004. Starbucks Corporation makes up approx 0.01% of Duff Phelps Investment Management Co’s portfolio.Hollencrest Securities reduced its stake in SBUX by selling 2,034 shares or 18.61% in the most recent quarter. The Hedge Fund company now holds 8,894 shares of SBUX which is valued at $470,670. Starbucks Corporation makes up approx 0.07% of Hollencrest Securities’s portfolio. Fcm Investmentstx sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 800 shares of SBUX which is valued $42,336.
Starbucks Corporation opened for trading at $53.12 and hit $53.37 on the upside on Friday, eventually ending the session at $53.08, with a gain of 0.25% or 0.13 points. The heightened volatility saw the trading volume jump to 64,30,136 shares. Company has a market cap of $77,847 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.
Many Wall Street Analysts have commented on Starbucks Corporation. Shares were Reiterated by Wedbush on Sep 28, 2016 to “Outperform” and Lowered the Price Target to $ 65 from a previous price target of $70 .Starbucks Corporation was Initiated by Longbow to “Buy” on Sep 21, 2016.
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.