Riskx Investments Exits Position in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Riskx Investments has sold out all of its stake in Starbucks Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 12,541 shares of Starbucks Corporation which is valued at $701,544.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in SBUX in the latest quarter, The investment management firm added 783 additional shares and now holds a total of 291,590 shares of Starbucks Corporation which is valued at $16,311,545. Starbucks Corporation makes up approx 0.21% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in SBUX by selling 1,208 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 43,506 shares of SBUX which is valued at $2,516,822. Starbucks Corporation makes up approx 0.25% of Tokio Marine Asset Management Co Ltd’s portfolio.Mount Vernon Associates Inc Md boosted its stake in SBUX in the latest quarter, The investment management firm added 19,050 additional shares and now holds a total of 24,200 shares of Starbucks Corporation which is valued at $1,399,970. Starbucks Corporation makes up approx 2.82% of Mount Vernon Associates Inc Md’s portfolio.Daiwa Securities Group reduced its stake in SBUX by selling 91,850 shares or 26.13% in the most recent quarter. The Hedge Fund company now holds 259,700 shares of SBUX which is valued at $15,023,645. Starbucks Corporation makes up approx 0.09% of Daiwa Securities Group’s portfolio.Cwm boosted its stake in SBUX in the latest quarter, The investment management firm added 234,235 additional shares and now holds a total of 235,703 shares of Starbucks Corporation which is valued at $13,647,204. Starbucks Corporation makes up approx 0.95% of Cwm’s portfolio.

Starbucks Corporation closed down -0.52 points or -0.93% at $55.42 with 1,11,93,748 shares getting traded on Thursday. Post opening the session at $56.05, the shares hit an intraday low of $55.38 and an intraday high of $56.29 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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