Godsey Gibb Associates Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Godsey Gibb Associates reduced its stake in Starbucks Corporation by 2.11% during the most recent quarter end. The investment management company now holds a total of 239,237 shares of Starbucks Corporation which is valued at $13,270,476 after selling 5,149 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Starbucks Corporation makes up approximately 2.33% of Godsey Gibb Associates’s portfolio.

Other Hedge Funds, Including , Raymond James Associates reduced its stake in SBUX by selling 33,159 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 1,078,404 shares of SBUX which is valued at $59,819,070. Starbucks Corporation makes up approx 0.18% of Raymond James Associates’s portfolio.National Planning Corp reduced its stake in SBUX by selling 5,062 shares or 7.84% in the most recent quarter. The Hedge Fund company now holds 59,523 shares of SBUX which is valued at $3,295,193. Starbucks Corporation makes up approx 0.25% of National Planning Corp’s portfolio.Thompson Siegel Walmsley boosted its stake in SBUX in the latest quarter, The investment management firm added 11,000 additional shares and now holds a total of 11,250 shares of Starbucks Corporation which is valued at $628,875. Starbucks Corporation makes up approx 0.01% of Thompson Siegel Walmsley’s portfolio.Douglas Lane Associates reduced its stake in SBUX by selling 4,528 shares or 2.1% in the most recent quarter. The Hedge Fund company now holds 211,261 shares of SBUX which is valued at $12,221,449. Starbucks Corporation makes up approx 0.33% of Douglas Lane Associates’s portfolio.Daiwa Securities Group reduced its stake in SBUX by selling 91,850 shares or 26.13% in the most recent quarter. The Hedge Fund company now holds 259,700 shares of SBUX which is valued at $15,023,645. Starbucks Corporation makes up approx 0.09% of Daiwa Securities Group’s portfolio.

Starbucks Corporation opened for trading at $56.17 and hit $56.54 on the upside on Tuesday, eventually ending the session at $56.4, with a gain of 0.98% or 0.55 points. The heightened volatility saw the trading volume jump to 78,27,823 shares. Company has a market cap of $82,716 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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