Ubs Asset Management Americas Inc buys $487,771,007 stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Ubs Asset Management Americas Inc scooped up 168,545 additional shares in Starbucks Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 8,793,420 shares of Starbucks Corporation which is valued at $487,771,007.Starbucks Corporation makes up approximately 0.54% of Ubs Asset Management Americas Inc’s portfolio.

Other Hedge Funds, Including , Tributary Capital Management reduced its stake in SBUX by selling 1,800 shares or 9.42% in the most recent quarter. The Hedge Fund company now holds 17,300 shares of SBUX which is valued at $959,631. Starbucks Corporation makes up approx 0.13% of Tributary Capital Management’s portfolio.Columbia Asset Management boosted its stake in SBUX in the latest quarter, The investment management firm added 2,202 additional shares and now holds a total of 60,370 shares of Starbucks Corporation which is valued at $3,348,724. Starbucks Corporation makes up approx 1.15% of Columbia Asset Management’s portfolio.Jacobus Wealth Management reduced its stake in SBUX by selling 3,773 shares or 64.28% in the most recent quarter. The Hedge Fund company now holds 2,097 shares of SBUX which is valued at $117,222. Starbucks Corporation makes up approx 0.03% of Jacobus Wealth Management’s portfolio.Brown Capital Management boosted its stake in SBUX in the latest quarter, The investment management firm added 4,628 additional shares and now holds a total of 15,043 shares of Starbucks Corporation which is valued at $840,904. Starbucks Corporation makes up approx 0.01% of Brown Capital Management’s portfolio.Palo Capital boosted its stake in SBUX in the latest quarter, The investment management firm added 15,728 additional shares and now holds a total of 30,100 shares of Starbucks Corporation which is valued at $1,742,790. Starbucks Corporation makes up approx 0.58% of Palo Capital’s portfolio.

Starbucks Corporation opened for trading at $55.77 and hit $55.92 on the upside on Wednesday, eventually ending the session at $55.8, with a gain of 0.78% or 0.43 points. The heightened volatility saw the trading volume jump to 74,10,631 shares. Company has a market cap of $81,836 M.

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 *

Starbucks Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Starbucks Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.