Night Owl Capital Management buys $8,472,266 stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Night Owl Capital Management scooped up 2,812 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 152,736 shares of Starbucks Corporation which is valued at $8,472,266.Starbucks Corporation makes up approximately 5.58% of Night Owl Capital Management’s portfolio.

Other Hedge Funds, Including , Nations Financial Group Inc Ia Adv boosted its stake in SBUX in the latest quarter, The investment management firm added 5,599 additional shares and now holds a total of 15,292 shares of Starbucks Corporation which is valued at $848,247. Starbucks Corporation makes up approx 0.86% of Nations Financial Group Inc Ia Adv’s portfolio.I.g. Investment Management Ltd. reduced its stake in SBUX by selling 40 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 170,790 shares of SBUX which is valued at $9,547,161. Starbucks Corporation makes up approx 0.04% of I.g. Investment Management Ltd.’s portfolio.Gamco Investors Et Al reduced its stake in SBUX by selling 180 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 68,690 shares of SBUX which is valued at $3,839,771. Starbucks Corporation makes up approx 0.02% of Gamco Investors Et Al’s portfolio.Reliant Investment Management boosted its stake in SBUX in the latest quarter, The investment management firm added 175 additional shares and now holds a total of 53,906 shares of Starbucks Corporation which is valued at $3,015,502. Starbucks Corporation makes up approx 2.63% of Reliant Investment Management’s portfolio.Bbva Compass Bancshares Inc reduced its stake in SBUX by selling 4,530 shares or 10.7% in the most recent quarter. The Hedge Fund company now holds 37,817 shares of SBUX which is valued at $2,195,277. Starbucks Corporation makes up approx 0.16% of Bbva Compass Bancshares Inc’s portfolio.

Starbucks Corporation closed down -0.49 points or -0.86% at $56.8 with 70,26,700 shares getting traded on Monday. Post opening the session at $57.22, the shares hit an intraday low of $56.61 and an intraday high of $57.48 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 $0.39 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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