Advisory Services Network buys $552,349 stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Advisory Services Network scooped up 5,993 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 10,332 shares of Starbucks Corporation which is valued at $552,349.Starbucks Corporation makes up approximately 0.11% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Simplex Trading reduced its stake in SBUX by selling 37,080 shares or 27.55% in the most recent quarter. The Hedge Fund company now holds 97,492 shares of SBUX which is valued at $5,211,922. Starbucks Corporation makes up approx 0.68% of Simplex Trading’s portfolio.Summit Financial Wealth Advisors boosted its stake in SBUX in the latest quarter, The investment management firm added 313 additional shares and now holds a total of 4,279 shares of Starbucks Corporation which is valued at $228,285. Starbucks Corporation makes up approx 0.10% of Summit Financial Wealth Advisors’s portfolio.Curbstone Financial Management Corp reduced its stake in SBUX by selling 260 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 14,984 shares of SBUX which is valued at $799,396. Starbucks Corporation makes up approx 0.26% of Curbstone Financial Management Corp’s portfolio. First American Trust Fsb added SBUX to its portfolio by purchasing 6,205 company shares during the most recent quarter which is valued at $331,037. Starbucks Corporation makes up approx 0.10% of First American Trust Fsb’s portfolio.Norman Fields Gottscho Capital Management reduced its stake in SBUX by selling 200 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 98,329 shares of SBUX which is valued at $5,245,852. Starbucks Corporation makes up approx 3.49% of Norman Fields Gottscho Capital Management’s portfolio.

Starbucks Corporation opened for trading at $53.37 and hit $53.605 on the upside on Friday, eventually ending the session at $53.46, with a gain of 0.60% or 0.32 points. The heightened volatility saw the trading volume jump to 72,79,723 shares. Company has a market cap of $78,404 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.

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