Macguire Cheswick Tuttle Investment Counsel Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Macguire Cheswick Tuttle Investment Counsel reduced its stake in Starbucks Corporation by 8.2% during the most recent quarter end. The investment management company now holds a total of 258,174 shares of Starbucks Corporation which is valued at $14,948,275 after selling 23,075 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Starbucks Corporation makes up approximately 3.20% of Macguire Cheswick Tuttle Investment Counsel’s portfolio.

Other Hedge Funds, Including , Rothschild Investment Corp Il boosted its stake in SBUX in the latest quarter, The investment management firm added 950 additional shares and now holds a total of 19,437 shares of Starbucks Corporation which is valued at $1,125,402. Starbucks Corporation makes up approx 0.14% of Rothschild Investment Corp Il’s portfolio.Telemus Capital boosted its stake in SBUX in the latest quarter, The investment management firm added 1,762 additional shares and now holds a total of 9,222 shares of Starbucks Corporation which is valued at $530,634. Starbucks Corporation makes up approx 0.06% of Telemus Capital’s portfolio.Premier Asset Managment boosted its stake in SBUX in the latest quarter, The investment management firm added 5,709 additional shares and now holds a total of 204,340 shares of Starbucks Corporation which is valued at $11,757,724. Starbucks Corporation makes up approx 2.87% of Premier Asset Managment’s portfolio.Arcadia Investment Management Corpmi reduced its stake in SBUX by selling 4,090 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 197,733 shares of SBUX which is valued at $11,254,962. Starbucks Corporation makes up approx 3.56% of Arcadia Investment Management Corpmi’s portfolio.Foundry Partners reduced its stake in SBUX by selling 18,760 shares or 25.63% in the most recent quarter. The Hedge Fund company now holds 54,440 shares of SBUX which is valued at $3,074,771. Starbucks Corporation makes up approx 0.29% of Foundry Partners’s portfolio.

Starbucks Corporation opened for trading at $57.88 and hit $58.31 on the upside on Thursday, eventually ending the session at $58.21, with a gain of 0.62% or 0.36 points. The heightened volatility saw the trading volume jump to 68,28,557 shares. Company has a market cap of $85,272 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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