Marcus Capital buys $2,977,695 stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Marcus Capital scooped up 150 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 51,750 shares of Starbucks Corporation which is valued at $2,977,695.Starbucks Corporation makes up approximately 2.99% of Marcus Capital’s portfolio.

Other Hedge Funds, Including , Private Trust Co Na reduced its stake in SBUX by selling 2,348 shares or 6.9% in the most recent quarter. The Hedge Fund company now holds 31,663 shares of SBUX which is valued at $1,821,889. Starbucks Corporation makes up approx 0.46% of Private Trust Co Na’s portfolio.First Manhattan Co reduced its stake in SBUX by selling 6,168 shares or 18.35% in the most recent quarter. The Hedge Fund company now holds 27,448 shares of SBUX which is valued at $1,562,340. Starbucks Corporation makes up approx 0.01% of First Manhattan Co’s portfolio.

Starbucks Corporation opened for trading at $57 and hit $57.66 on the upside on Wednesday, eventually ending the session at $57.54, with a gain of 1.37% or 0.78 points. The heightened volatility saw the trading volume jump to 94,46,396 shares. Company has a market cap of $84,290 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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