Starbucks (SBUX) Share Price Rose While Vantage Investment Advisors LLC Lowered Holding

July 14, 2018 - By Lawrence Diaz

Starbucks Corporation (NASDAQ:SBUX) LogoInvestors sentiment decreased to 0.93 in 2018 Q1. Its down 0.12, from 1.05 in 2017Q4. It is negative, as 61 investors sold SBUX shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported. Wells Fargo And Com Mn invested in 0.15% or 8.80M shares. Impax Asset Mgmt owns 390,130 shares. Alliancebernstein Limited Partnership accumulated 0.54% or 13.01M shares. 5,436 were accumulated by Manchester Cap Mgmt Ltd Limited Liability Company. Glovista Invests Lc reported 0.19% in Starbucks Corporation (NASDAQ:SBUX). Horizon Limited Liability has invested 0.1% in Starbucks Corporation (NASDAQ:SBUX). Nippon Life Global Americas has invested 0.47% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). 42,165 are held by Buckingham Capital Inc. Dsm Partners Limited Liability Co reported 0% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Usca Ria Limited Liability Com holds 7,005 shares. Boston Private Wealth Limited Liability Com stated it has 0.89% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Eulav Asset reported 0.36% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Cypress Grp Incorporated accumulated 104,045 shares. Ami Asset Corp has 2.23% invested in Starbucks Corporation (NASDAQ:SBUX) for 539,237 shares. Geode Mgmt reported 0.33% stake.

Since January 31, 2018, it had 0 buys, and 3 sales for $13.62 million activity. ULLMAN MYRON E III had sold 12,500 shares worth $740,851 on Monday, March 12. WEATHERUP CRAIG sold $3.60 million worth of Starbucks Corporation (NASDAQ:SBUX) on Tuesday, March 13.

Vantage Investment Advisors Llc decreased its stake in Starbucks (SBUX) by 97.35% based on its latest 2018Q1 regulatory filing with the SEC. Vantage Investment Advisors Llc sold 90,030 shares as the company’s stock rose 1.31% while stock markets declined. The institutional investor held 2,447 shares of the restaurants company at the end of 2018Q1, valued at $142,000, down from 92,477 at the end of the previous reported quarter. Vantage Investment Advisors Llc who had been investing in Starbucks for a number of months, seems to be less bullish one the $71.24B market cap company. The stock increased 2.73% or $1.37 during the last trading session, reaching $51.62. About 19.32M shares traded or 77.87% up from the average. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since July 14, 2017 and is downtrending. It has underperformed by 20.49% the S&P500.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on July, 26 after the close. They expect $0.60 EPS, up 9.09 % or $0.05 from last year’s $0.55 per share. SBUX’s profit will be $828.00 million for 21.51 P/E if the $0.60 EPS becomes a reality. After $0.53 actual EPS reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts 13.21 % EPS growth.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Seekingalpha.com which released: “Recent Purchase: Starbucks” on June 29, 2018, also Seekingalpha.com with their article: “Starbucks Valuation: When To Catch This Falling Knife” published on June 26, 2018, Seekingalpha.com published: “A Fallen Star” on July 09, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Seekingalpha.com and their article: “When To Buy Starbucks” published on July 09, 2018 as well as Thestreet.com‘s news article titled: “3 Ways to Fix Starbucks Biggest Challenges” with publication date: June 20, 2018.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Among 24 analysts covering Starbucks Corp (NASDAQ:SBUX), 11 have Buy rating, 0 Sell and 13 Hold. Therefore 46% are positive. Starbucks Corp has $70.0 highest and $48 lowest target. $61.40’s average target is 18.95% above currents $51.62 stock price. Starbucks Corp had 37 analyst reports since January 16, 2018 according to SRatingsIntel. As per Wednesday, June 20, the company rating was downgraded by BTIG Research. Cowen & Co maintained the stock with “Buy” rating in Friday, January 26 report. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Neutral” rating by Wedbush on Thursday, March 29. The stock has “Buy” rating by Piper Jaffray on Monday, February 5. The company was downgraded on Friday, April 13 by Cowen & Co. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given on Tuesday, June 26 by Jefferies. The firm has “Market Perform” rating given on Wednesday, June 20 by BMO Capital Markets. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Hold” rating given on Thursday, January 25 by BMO Capital Markets. The firm earned “Outperform” rating on Friday, January 26 by William Blair. The company was maintained on Monday, July 2 by Stephens.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

>