Coldstream Capital Management Inc Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Coldstream Capital Management Inc reduced its stake in Starbucks Corporation by 9.36% during the most recent quarter end. The investment management company now holds a total of 160,747 shares of Starbucks Corporation which is valued at $8,715,702 after selling 16,591 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Starbucks Corporation makes up approximately 1.56% of Coldstream Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Paloma Partners Management Co reduced its stake in SBUX by selling 54,963 shares or 50.58% in the most recent quarter. The Hedge Fund company now holds 53,703 shares of SBUX which is valued at $2,911,777. Starbucks Corporation makes up approx 0.12% of Paloma Partners Management Co’s portfolio.Private Advisor Group boosted its stake in SBUX in the latest quarter, The investment management firm added 4,692 additional shares and now holds a total of 84,942 shares of Starbucks Corporation which is valued at $4,550,343. Starbucks Corporation makes up approx 0.19% of Private Advisor Group’s portfolio.Penobscot Investment Management Company boosted its stake in SBUX in the latest quarter, The investment management firm added 68 additional shares and now holds a total of 4,308 shares of Starbucks Corporation which is valued at $223,025. Starbucks Corporation makes up approx 0.08% of Penobscot Investment Management Company’s portfolio.Intersect Capital boosted its stake in SBUX in the latest quarter, The investment management firm added 990 additional shares and now holds a total of 6,931 shares of Starbucks Corporation which is valued at $371,016. Starbucks Corporation makes up approx 0.30% of Intersect Capital’s portfolio.Hl Financial Services boosted its stake in SBUX in the latest quarter, The investment management firm added 4,145 additional shares and now holds a total of 94,367 shares of Starbucks Corporation which is valued at $5,064,677. Starbucks Corporation makes up approx 0.12% of Hl Financial Services’s portfolio.

Starbucks Corporation closed down -0.08 points or -0.14% at $55.77 with 87,40,953 shares getting traded on Monday. Post opening the session at $55.72, the shares hit an intraday low of $55.42 and an intraday high of $56.12 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 $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.55. The company had revenue of $5711.20 million for the quarter, compared to analysts expectations of $5688.28 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Starbucks Corporation. Starbucks Corporation was Initiated by Buckingham Research to “Neutral” on Nov 21, 2016. Shares were Reiterated by RBC Capital Mkts on Oct 19, 2016 to “Outperform” and Lowered the Price Target to $ 64 from a previous price target of $68 .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 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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