Starbucks Corporation (SBUX) : Leith Wheeler Investment Counsel Ltd. has sold out all of its stake in Starbucks Corporation during the most recent quarter, according to the disclosure filed by the company on Jan 5, 2017 with the SEC. The investment management company has sold out 4,238 shares of Starbucks Corporation which is valued at $239,277.
Other Hedge Funds, Including , West Oak Capital reduced its stake in SBUX by selling 1,255 shares or 3.18% in the most recent quarter. The Hedge Fund company now holds 38,216 shares of SBUX which is valued at $2,115,256. Starbucks Corporation makes up approx 1.41% of West Oak Capital’s portfolio.Norman Fields Gottscho Capital Management reduced its stake in SBUX by selling 5,420 shares or 5.51% in the most recent quarter. The Hedge Fund company now holds 92,909 shares of SBUX which is valued at $5,142,513. Starbucks Corporation makes up approx 3.47% of Norman Fields Gottscho Capital Management’s portfolio.Pensionfund Dsm Netherlands reduced its stake in SBUX by selling 5,000 shares or 5.52% in the most recent quarter. The Hedge Fund company now holds 85,600 shares of SBUX which is valued at $4,737,960. Starbucks Corporation makes up approx 0.68% of Pensionfund Dsm Netherlands’s portfolio.
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.
Starbucks Corporation closed down -0.32 points or -0.55% at $57.88 with 66,72,024 shares getting traded on Tuesday. Post opening the session at $58.22, the shares hit an intraday low of $57.83 and an intraday high of $58.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Starbucks Corporation reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.55. The company had revenue of $5711.20 million for the quarter, compared to analysts expectations of $5688.28 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on Starbucks Corporation. Starbucks Corporation was Initiated by Buckingham Research to “Neutral” on Nov 21, 2016. Shares were Reiterated by RBC Capital Mkts on Oct 19, 2016 to “Outperform” and Lowered the Price Target to $ 64 from a previous price target of $68 .