Hellman Jordan Management Co Inc Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Hellman Jordan Management Co Inc reduced its stake in Starbucks Corporation by 3.44% during the most recent quarter end. The investment management company now holds a total of 8,707 shares of Starbucks Corporation which is valued at $482,977 after selling 310 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Starbucks Corporation makes up approximately 0.85% of Hellman Jordan Management Co Inc’s portfolio.

Other Hedge Funds, Including , Ntv Asset Management added SBUX to its portfolio by purchasing 17,122 company shares during the most recent quarter which is valued at $949,757. Starbucks Corporation makes up approx 0.35% of Ntv Asset Management’s portfolio.Cable Hill Partners boosted its stake in SBUX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 5,182 shares of Starbucks Corporation which is valued at $289,674. Starbucks Corporation makes up approx 0.19% of Cable Hill Partners’s portfolio. Cookson Peirce Co Inc sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 284,367 shares of SBUX which is valued $15,907,490.Gerber Kawasaki Wealth Investment Management reduced its stake in SBUX by selling 2,859 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 108,644 shares of SBUX which is valued at $6,306,784. Starbucks Corporation makes up approx 3.84% of Gerber Kawasaki Wealth Investment Management’s portfolio.Culbertson A N Co Inc boosted its stake in SBUX in the latest quarter, The investment management firm added 1,755 additional shares and now holds a total of 31,130 shares of Starbucks Corporation which is valued at $1,758,222. Starbucks Corporation makes up approx 0.63% of Culbertson A N Co Inc’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.

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