United Capital Financial Advisers Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : United Capital Financial Advisers reduced its stake in Starbucks Corporation by 2.02% during the most recent quarter end. The investment management company now holds a total of 684,322 shares of Starbucks Corporation which is valued at $37,959,341 after selling 14,081 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Starbucks Corporation makes up approximately 0.40% of United Capital Financial Advisers’s portfolio.

Other Hedge Funds, Including , Mairs Power Inc boosted its stake in SBUX in the latest quarter, The investment management firm added 157 additional shares and now holds a total of 4,097 shares of Starbucks Corporation which is valued at $227,261.Hsbc Holdings Plc reduced its stake in SBUX by selling 25,966 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 1,786,609 shares of SBUX which is valued at $99,103,201. Starbucks Corporation makes up approx 0.33% of Hsbc Holdings Plc’s portfolio. Bluemountain Capital Management sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 590 shares of SBUX which is valued $32,727.Noesis Capital Mangement Corp reduced its stake in SBUX by selling 1,051 shares or 22.03% in the most recent quarter. The Hedge Fund company now holds 3,719 shares of SBUX which is valued at $207,892. Starbucks Corporation makes up approx 0.09% of Noesis Capital Mangement Corp’s portfolio.Mar Vista Investment Partners boosted its stake in SBUX in the latest quarter, The investment management firm added 705,722 additional shares and now holds a total of 1,115,236 shares of Starbucks Corporation which is valued at $64,739,450. Starbucks Corporation makes up approx 3.72% of Mar Vista Investment Partners’s portfolio.

Starbucks Corporation opened for trading at $56.3 and hit $56.56 on the upside on Thursday, eventually ending the session at $56.31, with a gain of 0.14% or 0.08 points. The heightened volatility saw the trading volume jump to 62,30,148 shares. Company has a market cap of $82,584 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 *