Starbucks Corporation (SBUX) : Ashfield Capital Partners reduced its stake in Starbucks Corporation by 8.4% during the most recent quarter end. The investment management company now holds a total of 414,670 shares of Starbucks Corporation which is valued at $23,001,745 after selling 38,014 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Starbucks Corporation makes up approximately 1.75% of Ashfield Capital Partners’s portfolio.
Other Hedge Funds, Including , Blair William Coil reduced its stake in SBUX by selling 164,978 shares or 4.25% in the most recent quarter. The Hedge Fund company now holds 3,719,446 shares of SBUX which is valued at $206,317,670. Starbucks Corporation makes up approx 1.82% of Blair William Coil’s portfolio.Linscomb Williams reduced its stake in SBUX by selling 411 shares or 3.6% in the most recent quarter. The Hedge Fund company now holds 11,019 shares of SBUX which is valued at $615,962. Starbucks Corporation makes up approx 0.06% of Linscomb Williams’s portfolio.Butensky Cohen Financial Security Inc reduced its stake in SBUX by selling 250 shares or 0.93% in the most recent quarter. The Hedge Fund company now holds 26,535 shares of SBUX which is valued at $1,535,050. Starbucks Corporation makes up approx 1.49% of Butensky Cohen Financial Security Inc’s portfolio.Shell Asset Management Co boosted its stake in SBUX in the latest quarter, The investment management firm added 47,411 additional shares and now holds a total of 207,832 shares of Starbucks Corporation which is valued at $12,023,081. Starbucks Corporation makes up approx 0.28% of Shell Asset Management Co’s portfolio.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in SBUX in the latest quarter, The investment management firm added 11,400 additional shares and now holds a total of 177,542 shares of Starbucks Corporation which is valued at $10,105,691. Starbucks Corporation makes up approx 0.43% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.
Starbucks Corporation closed down -0.22 points or -0.40% at $55.25 with 59,68,728 shares getting traded on Monday. Post opening the session at $55.65, the shares hit an intraday low of $55.18 and an intraday high of $55.7 and the price fluctuated in this range throughout the day.Shares ended Monday 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.