Royal London Asset Management Ltd Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Royal London Asset Management Ltd reduced its stake in Starbucks Corporation by 0.83% during the most recent quarter end. The investment management company now holds a total of 1,029,618 shares of Starbucks Corporation which is valued at $57,596,831 after selling 8,663 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Starbucks Corporation makes up approximately 0.91% of Royal London Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Ibm Retirement Fund reduced its stake in SBUX by selling 7,544 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 188,066 shares of SBUX which is valued at $10,889,021. Starbucks Corporation makes up approx 0.39% of Ibm Retirement Fund’s portfolio. Meristem Llp sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 4,114 shares of SBUX which is valued $238,201.Private Wealth Advisors boosted its stake in SBUX in the latest quarter, The investment management firm added 551 additional shares and now holds a total of 25,573 shares of Starbucks Corporation which is valued at $1,480,677. Starbucks Corporation makes up approx 0.71% of Private Wealth Advisors’s portfolio.Tmd Associates Inc boosted its stake in SBUX in the latest quarter, The investment management firm added 546 additional shares and now holds a total of 10,645 shares of Starbucks Corporation which is valued at $601,230. Starbucks Corporation makes up approx 0.52% of Tmd Associates Inc’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.

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