Edgewood Management LLC Acquires 2491 Shares of Starbucks Co. (SBUX)

Posted January 28, 2018

Artemis Investment Management Llp sold 327,007 shares as Starbucks Corp (SBUX)'s stock rose 6.99%. The company now has an average rating of "Buy" and a consensus target price of $63.45. Pacifica Cap Lc has invested 14.6% in Starbucks Corporation (NASDAQ:SBUX). On Wednesday, July 12 the stock rating was maintained by RBC Capital Markets with "Buy". The firm owned 24,761 shares of the coffee company's stock after buying an additional 2,491 shares during the period. United States Steel Corporation (X)'s stock price closed above with 50.42% gap from 200 day simple moving average and its upbeat distance from 50 day simple moving average is 20.24%, while finished with 5.44% Bullish trend from 20 day simple moving average. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Starbucks during the 3rd quarter valued at $111,000.

"Starbucks reported another quarter of record financial results in Q1 of fiscal 2018, with consolidated revenues up 6% over a year ago - up 7% excluding 1% for the impact of streamlining activities in the quarter". KeyBanc Capital Markets maintained the stock with "Buy" rating in Wednesday, October 18 report.

The US café chain said its festive-themed drinks and merchandise - such as Eggnogg and Gingerbread lattes, gift mugs and coffee and tea gift boxes - offered over the Christmas period failed to resonate with its customers. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Starbucks during the third quarter valued at about $505,000.

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Among 36 analysts covering Starbucks Corporation (NASDAQ:SBUX), 26 have Buy rating, 0 Sell and 10 Hold. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Kentucky Retirement accumulated 88,915 shares or 0.36% of the stock. With the deal, Starbucks assumed 100 percent ownership of more than 1,400 restaurants in Shanghai and in the Jiangsu and Zhejiang Provinces, bringing the total to more than 3,100 corporate stores in China at the time of closing. Market capitalization is simply the value that can get when multiply all the outstanding shares of a stock by the price of a single share. ULLMAN MYRON E III also sold $1.23 million worth of Starbucks Corporation (NASDAQ:SBUX) on Thursday, September 7.

Starbucks Corporation holds an earnings per share of $ 1.97 and the EPS growth for this year shows a value of 4.10%. Institutional investors own 70.76% of the company's stock. So as you can see, Wall Street is punishing companies that not only don't meet expectations but even when they beat expectations the shares are vulnerable. The coffee company reported $0.58 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.01. Cypress Capital Group sold 54,100 shares as the company's stock declined 12.61% while stock markets rallied. Shine Investment Advisory Services Inc. acquired a new position in Starbucks in the second quarter valued at approximately $128,000.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Citigroup Inc stated it has 8,518 shares or 0% of all its holdings. Sterling Mgmt Ltd Co owns 0% invested in Starbucks Corporation (NASDAQ:SBUX) for 8,238 shares. Starbucks's payout ratio is now 60.91%. Also, SVP Paul Mutty sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $57.03, for a total transaction of $16,548,737.28. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 1.32. Oakworth Incorporated invested 0% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Valley National Advisers Inc. raised its stake in shares of Starbucks by 2.8% during the 2nd quarter. If you are accessing this report on another site, it was illegally stolen and republished in violation of US & global trademark and copyright law.

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Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide.

As of November 2, 2017, the company operated 27,339 stores across 75 countries.

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