Starbucks Corporation (SBUX) : Stock Yards Bank Trust Co scooped up 11,320 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 240,444 shares of Starbucks Corporation which is valued at $12,762,768.Starbucks Corporation makes up approximately 1.76% of Stock Yards Bank Trust Co’s portfolio.
Other Hedge Funds, Including , Windward Capital Management Co Ca reduced its stake in SBUX by selling 1,224 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 133,106 shares of SBUX which is valued at $7,065,266. Starbucks Corporation makes up approx 1.33% of Windward Capital Management Co Ca’s portfolio.Legal General Group Plc boosted its stake in SBUX in the latest quarter, The investment management firm added 101,660 additional shares and now holds a total of 6,330,493 shares of Starbucks Corporation which is valued at $335,009,690. Starbucks Corporation makes up approx 0.34% of Legal General Group Plc’s portfolio.British Columbia Investment Management Corp reduced its stake in SBUX by selling 19,888 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 1,329,035 shares of SBUX which is valued at $70,332,532. Starbucks Corporation makes up approx 0.72% of British Columbia Investment Management Corp’s portfolio.First Mercantile Trust Co reduced its stake in SBUX by selling 19,150 shares or 65.69% in the most recent quarter. The Hedge Fund company now holds 10,000 shares of SBUX which is valued at $534,600. Starbucks Corporation makes up approx 0.07% of First Mercantile Trust Co’s portfolio.Private Asset Management Inc boosted its stake in SBUX in the latest quarter, The investment management firm added 7,497 additional shares and now holds a total of 126,720 shares of Starbucks Corporation which is valued at $6,760,512. Starbucks Corporation makes up approx 1.14% of Private Asset Management Inc’s portfolio.
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.