Oppenheimer Co Inc buys $18,692,281 stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Oppenheimer Co Inc scooped up 1,149 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 336,980 shares of Starbucks Corporation which is valued at $18,692,281.Starbucks Corporation makes up approximately 0.54% of Oppenheimer Co Inc’s portfolio.

Other Hedge Funds, Including , Gerstein Fisher reduced its stake in SBUX by selling 469 shares or 3.89% in the most recent quarter. The Hedge Fund company now holds 11,591 shares of SBUX which is valued at $642,953. Starbucks Corporation makes up approx 0.08% of Gerstein Fisher’s portfolio.Cable Hill Partners boosted its stake in SBUX in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 5,182 shares of Starbucks Corporation which is valued at $289,674. Starbucks Corporation makes up approx 0.19% of Cable Hill Partners’s portfolio.Courier Capital Corp reduced its stake in SBUX by selling 1,172 shares or 21.06% in the most recent quarter. The Hedge Fund company now holds 4,394 shares of SBUX which is valued at $245,800. Starbucks Corporation makes up approx 0.05% of Courier Capital Corp’s portfolio.Winslow Evans Crocker boosted its stake in SBUX in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 4,510 shares of Starbucks Corporation which is valued at $261,129. Starbucks Corporation makes up approx 0.08% of Winslow Evans Crocker’s portfolio.Roffman Miller Associates Inc Pa boosted its stake in SBUX in the latest quarter, The investment management firm added 15,677 additional shares and now holds a total of 253,271 shares of Starbucks Corporation which is valued at $14,573,213. Starbucks Corporation makes up approx 2.33% of Roffman Miller Associates Inc Pa’s portfolio.

Starbucks Corporation closed down -0.22 points or -0.40% at $55.25 with 59,68,728 shares getting traded on Monday. Post opening the session at $55.65, the shares hit an intraday low of $55.18 and an intraday high of $55.7 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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