Tuesday, 20 February, 2018

Starbucks Corp (NASDAQ:SBUX) 2017 Q3 Institutional Investor Sentiment Steady

Nellie Chapman | 03 February, 2018, 14:15

Shine Investment Advisory Services Inc. bought a new stake in shares of Starbucks in the second quarter worth $128,000. The Osher Van De Voorde Investment Management holds 120,510 shares with $6.47 million value, up from 14,000 last quarter. Gamco Investors Inc Et Al who had been investing in Ampco Pittsburgh Corp for a number of months, seems to be less bullish one the $168.12 million market cap company. The stock decreased 0.87% or $0.14 during the last trading session, reaching $16.03. The shares were sold at an average price of $57.02, for a total value of $9,284,338.52. (NASDAQ:SBUX) by 2.1% in the 3rd quarter, according to its most recent filing with the SEC. It has underperformed by 2.41% the S&P500.

Bank Pictet & Cie Asia Ltd increased its stake in Starbucks Corp (SBUX) by 9.82% based on its latest 2017Q3 regulatory filing with the SEC. The company's P/E (price to earnings) ratio is 28.37 and Forward P/E ratio of 20.17. The hedge fund held 867,279 shares of the restaurants company at the end of 2017Q3, valued at $46.58M, up from 712,049 at the end of the previous reported quarter. Bank Pictet & Cie Asia Ltd who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $78.70 billion market cap company. SBUX has diverse figures for different time frames; starting from week's performance moved down -6.61% in last five regular trading sessions. Korea Corp has invested 0.19% in Starbucks Corporation (NASDAQ:SBUX). It has underperformed by 4.22% the S&P500.

Since September 7, 2017, it had 0 insider purchases, and 2 selling transactions for $4.70 million activity. Over the last three months, insiders sold 497,808 shares of company stock worth $28,559,521.

Bank Pictet & Cie Asia Ltd, which manages about $211.96M US Long portfolio, decreased its stake in Alphabet Inc by 482 shares to 16,148 shares, valued at $15.49 million in 2017Q3, according to the filing. Valley National Advisers Inc. raised its holdings in Starbucks by 2.8% during the second quarter.

Investors of record on Thursday, February 8th will be given a dividend of $0.30 per share. Its up 0.26, from 1 in 2017Q2. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. It fall, as 112 investors sold GE shares while 818 reduced holdings. Georgia-based Cornercap Inv Counsel has invested 0.16% in Starbucks Corporation (NASDAQ:SBUX). Paloma Partners holds 143,428 shares or 0.11% of its portfolio. Pictet North America Advsrs Sa has invested 0.16% in Starbucks Corporation (NASDAQ:SBUX). Welch And Forbes Ltd Liability invested 0.51% of its portfolio in U.S. Bancorp (NYSE:USB). Pictet Asset Mgmt has invested 0.24% in Starbucks Corporation (NASDAQ:SBUX). Millennium Mgmt Lc reported 28,608 shares. 870,230 were accumulated by State Of Tennessee Treasury Department.

Institutions own 73.31% of Starbucks Corporation (SBUX)'s shares. Teachers Retirement Sys Of The State Of Kentucky invested in 0.28% or 960,065 shares. Adirondack Research & Mgmt, New York-based fund reported 58,755 shares.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 26 have Buy rating, 0 Sell and 11 Hold.

Ratings analysis reveals 68% of Starbucks Corporation's analysts are positive. SBUX was included in 99 notes of analysts from July 28, 2015. Deutsche Bank has "Hold" rating and $59 target.

In other news, Director Javier G. Teruel sold 62,966 shares of the stock in a transaction dated Wednesday, November 8th. The firm has "Underweight" rating by JP Morgan given on Friday, September 23. The stock of Starbucks Corporation (NASDAQ:SBUX) earned "Hold" rating by Credit Suisse on Friday, January 26. Stifel Nicolaus reinitiated the shares of SBUX in report on Tuesday, October 3 with "Hold" rating. On Thursday, December 21 the stock rating was maintained by RBC Capital Markets with "Buy". RBC Capital Markets maintained the shares of SBUX in report on Thursday, December 21 with "Buy" rating. It also increased its holding in Vanguard Ftse Developed Etf (VEA) by 98,689 shares in the quarter, for a total of 876,082 shares, and has risen its stake in Occidental Petroleum Corp.

Investors sentiment increased to 1.26 in 2017 Q3. Its down 0.21, from 2.09 in 2017Q2. It is positive, as 23 investors sold HPP shares while 57 reduced holdings. 10 funds opened positions while 19 raised stakes. About 27,956 shares traded. Nationwide Fund Advisors accumulated 3.75 million shares. Aldebaran stated it has 1.02% of its portfolio in Ecolab Inc.

Teton Advisors Inc. holds 0.79% of its portfolio in Beasley Broadcast Group, Inc. for 725,000 shares. Following the transaction, the senior vice president now directly owns 10,438 shares of the company's stock, valued at $594,444.10. Merriman Wealth Management Ltd Liability Corporation invested in 0.42% or 33,111 shares. (NYSE:HPP). Oppenheimer Asset invested in 0.02% or 20,168 shares. Fjarde Ap stated it has 345,321 shares. Griffin Asset Mngmt Inc has invested 0.67% in U.S. Bancorp (NYSE:USB). (NYSE:HPP). Waterfront Lc holds 4.46% of its portfolio in Hudson Pacific Properties, Inc. On Wednesday, August 9 Comstock Elizabeth J sold $633,375 worth of General Electric Company (NYSE:GE) or 24,693 shares. Rothschild Asset Inc reported 770,715 shares.