Mount Vernon Associates Inc Md buys $1,399,970 stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Mount Vernon Associates Inc Md scooped up 19,050 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 24,200 shares of Starbucks Corporation which is valued at $1,399,970.Starbucks Corporation makes up approximately 2.82% of Mount Vernon Associates Inc Md’s portfolio.

Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in SBUX by selling 2,800 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 96,100 shares of SBUX which is valued at $5,559,385. Starbucks Corporation makes up approx 0.28% of Louisiana State Employees Retirement System’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.Capital Analysts boosted its stake in SBUX in the latest quarter, The investment management firm added 589 additional shares and now holds a total of 55,530 shares of Starbucks Corporation which is valued at $3,160,768. Starbucks Corporation makes up approx 0.62% of Capital Analysts’s portfolio.Capstone Asset Management Co boosted its stake in SBUX in the latest quarter, The investment management firm added 12,961 additional shares and now holds a total of 253,208 shares of Starbucks Corporation which is valued at $14,301,188. Starbucks Corporation makes up approx 0.42% of Capstone Asset Management Co’s portfolio.Gierl Augustine Investment Management Inc boosted its stake in SBUX in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 631 shares of Starbucks Corporation which is valued at $35,639. Starbucks Corporation makes up approx 0.04% of Gierl Augustine Investment Management Inc’s portfolio.

Starbucks Corporation closed down -0.16 points or -0.27% at $58.05 with 69,14,907 shares getting traded on Friday. Post opening the session at $58.18, the shares hit an intraday low of $57.92 and an intraday high of $58.43 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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