Vision Capital Management Lowers stake in Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) : Vision Capital Management reduced its stake in Starbucks Corporation by 51.05% during the most recent quarter end. The investment management company now holds a total of 90,263 shares of Starbucks Corporation which is valued at $5,006,889 after selling 94,148 shares in Starbucks Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Starbucks Corporation makes up approximately 1.87% of Vision Capital Management’s portfolio.

Other Hedge Funds, Including , Grantham Mayo Van Otterloo sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 4,800 shares of SBUX which is valued $266,256. Apertura Capital sold out all of its stake in SBUX during the most recent quarter. The investment firm sold 50,000 shares of SBUX which is valued $2,773,500.Halbert Hargroverussell reduced its stake in SBUX by selling 37 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 4,505 shares of SBUX which is valued at $249,892. Starbucks Corporation makes up approx 0.07% of Halbert Hargroverussell’s portfolio.Jackson Grant Investment Advisers boosted its stake in SBUX in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 727 shares of Starbucks Corporation which is valued at $40,639. Starbucks Corporation makes up approx 0.04% of Jackson Grant Investment Advisers’s portfolio.Hirtle Callaghan Co reduced its stake in SBUX by selling 1,745 shares or 35.69% in the most recent quarter. The Hedge Fund company now holds 3,144 shares of SBUX which is valued at $175,875. Starbucks Corporation makes up approx 0.03% of Hirtle Callaghan Co’s portfolio.

Starbucks Corporation closed down -0.49 points or -0.86% at $56.8 with 70,26,700 shares getting traded on Monday. Post opening the session at $57.22, the shares hit an intraday low of $56.61 and an intraday high of $57.48 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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