Northstar Asset Management buys $5,696,260 stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Northstar Asset Management scooped up 500 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 98,381 shares of Starbucks Corporation which is valued at $5,696,260.Starbucks Corporation makes up approximately 2.29% of Northstar Asset Management’s portfolio.

Other Hedge Funds, Including , Goelzer Investment Management added SBUX to its portfolio by purchasing 44,673 company shares during the most recent quarter which is valued at $2,586,567. Starbucks Corporation makes up approx 0.34% of Goelzer Investment Management’s portfolio. Cypress Asset Management Inctx added SBUX to its portfolio by purchasing 4,102 company shares during the most recent quarter which is valued at $236,029. Starbucks Corporation makes up approx 0.05% of Cypress Asset Management Inctx’s portfolio.Bls Capital Fondsmaeglerselskab As boosted its stake in SBUX in the latest quarter, The investment management firm added 97,650 additional shares and now holds a total of 296,622 shares of Starbucks Corporation which is valued at $17,067,630. Starbucks Corporation makes up approx 7.36% of Bls Capital Fondsmaeglerselskab As’s portfolio.Dnb Asset Management As boosted its stake in SBUX in the latest quarter, The investment management firm added 2,460 additional shares and now holds a total of 135,083 shares of Starbucks Corporation which is valued at $7,633,540. Starbucks Corporation makes up approx 0.16% of Dnb Asset Management As’s portfolio.British Columbia Investment Management Corp boosted its stake in SBUX in the latest quarter, The investment management firm added 36,373 additional shares and now holds a total of 1,348,923 shares of Starbucks Corporation which is valued at $76,227,639. Starbucks Corporation makes up approx 0.66% of British Columbia Investment Management Corp’s portfolio.

Starbucks Corporation closed down -0.16 points or -0.27% at $58.05 with 69,14,907 shares getting traded on Friday. Post opening the session at $58.18, the shares hit an intraday low of $57.92 and an intraday high of $58.43 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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