Brown Advisory Inc Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Brown Advisory Inc reduced its stake in Starbucks Corporation by 1.52% during the most recent quarter end. The investment management company now holds a total of 11,187,032 shares of Starbucks Corporation which is valued at $619,314,092 after selling 172,101 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Starbucks Corporation makes up approximately 2.09% of Brown Advisory Inc’s portfolio.

Other Hedge Funds, Including , Pegasus Partners Ltd. boosted its stake in SBUX in the latest quarter, The investment management firm added 1,514 additional shares and now holds a total of 11,714 shares of Starbucks Corporation which is valued at $649,776. Starbucks Corporation makes up approx 0.32% of Pegasus Partners Ltd.’s portfolio.Spot Trading L.l.c boosted its stake in SBUX in the latest quarter, The investment management firm added 9,574 additional shares and now holds a total of 115,353 shares of Starbucks Corporation which is valued at $6,452,847. Starbucks Corporation makes up approx 0.86% of Spot Trading L.l.c’s portfolio.First American Bank reduced its stake in SBUX by selling 61,956 shares or 29.76% in the most recent quarter. The Hedge Fund company now holds 146,232 shares of SBUX which is valued at $8,466,833. Starbucks Corporation makes up approx 0.83% of First American Bank’s portfolio.Forte Capital Adv boosted its stake in SBUX in the latest quarter, The investment management firm added 668 additional shares and now holds a total of 12,396 shares of Starbucks Corporation which is valued at $700,126. Starbucks Corporation makes up approx 0.26% of Forte Capital Adv’s portfolio.

Starbucks Corporation opened for trading at $55.77 and hit $55.92 on the upside on Wednesday, eventually ending the session at $55.8, with a gain of 0.78% or 0.43 points. The heightened volatility saw the trading volume jump to 74,10,631 shares. Company has a market cap of $81,836 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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