Pacifica Capital Investments Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Pacifica Capital Investments reduced its stake in Starbucks Corporation by 1.03% during the most recent quarter end. The investment management company now holds a total of 549,026 shares of Starbucks Corporation which is valued at $30,712,514 after selling 5,715 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Starbucks Corporation makes up approximately 15.83% of Pacifica Capital Investments’s portfolio.

Other Hedge Funds, Including , Exane Derivatives boosted its stake in SBUX in the latest quarter, The investment management firm added 531 additional shares and now holds a total of 8,905 shares of Starbucks Corporation which is valued at $498,146. Starbucks Corporation makes up approx 0.08% of Exane Derivatives’s portfolio.Oakworth Capital reduced its stake in SBUX by selling 200 shares or 29.2% in the most recent quarter. The Hedge Fund company now holds 485 shares of SBUX which is valued at $28,082. Starbucks Corporation makes up approx 0.01% of Oakworth Capital’s portfolio.Advocacy Wealth Management Services reduced its stake in SBUX by selling 700 shares or 43.75% in the most recent quarter. The Hedge Fund company now holds 900 shares of SBUX which is valued at $51,228. Starbucks Corporation makes up approx 0.03% of Advocacy Wealth Management Services’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in SBUX in the latest quarter, The investment management firm added 19,309 additional shares and now holds a total of 379,190 shares of Starbucks Corporation which is valued at $21,428,027. Starbucks Corporation makes up approx 0.45% of Exxonmobil Investment Management Inc Tx’s portfolio.Capital Investment Services Of America reduced its stake in SBUX by selling 4,985 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 234,886 shares of SBUX which is valued at $13,273,408. Starbucks Corporation makes up approx 2.50% of Capital Investment Services Of America’s portfolio.

Starbucks Corporation closed down -0.54 points or -0.97% at $55.36 with 91,29,307 shares getting traded on Monday. Post opening the session at $55.97, the shares hit an intraday low of $55.17 and an intraday high of $55.99 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *