La Financiere De L’echiquier buys $5,754,000 stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : La Financiere De L’echiquier scooped up 12,000 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 100,000 shares of Starbucks Corporation which is valued at $5,754,000.Starbucks Corporation makes up approximately 4.61% of La Financiere De L’echiquier’s portfolio.

Other Hedge Funds, Including , Barometer Capital Management sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 22,800 shares of SBUX which is valued $1,297,776.Mai Capital Management boosted its stake in SBUX in the latest quarter, The investment management firm added 1,153 additional shares and now holds a total of 32,393 shares of Starbucks Corporation which is valued at $1,843,810. Starbucks Corporation makes up approx 0.15% of Mai Capital Management’s portfolio. Iowa State Bank added SBUX to its portfolio by purchasing 640 company shares during the most recent quarter which is valued at $36,166. Starbucks Corporation makes up approx 0.02% of Iowa State Bank’s portfolio.Stock Yards Bank Trust Co boosted its stake in SBUX in the latest quarter, The investment management firm added 14,428 additional shares and now holds a total of 229,124 shares of Starbucks Corporation which is valued at $13,007,369. Starbucks Corporation makes up approx 1.73% of Stock Yards Bank Trust Co’s portfolio.

Starbucks Corporation opened for trading at $57 and hit $57.66 on the upside on Wednesday, eventually ending the session at $57.54, with a gain of 1.37% or 0.78 points. The heightened volatility saw the trading volume jump to 94,46,396 shares. Company has a market cap of $84,290 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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