Published: Sat, October 14, 2017
Finance | By Loren Pratt

Sawgrass Asset Management LLC Sells 13591 Shares of Starbucks Co. (SBUX)

Eulav Asset Management sold 37,077 shares as Starbucks Corp (SBUX)'s stock rose 6.99%. The Green Square Capital Llc holds 11,031 shares with $1.34M value, down from 13,534 last quarter.

Currently, the 14-day ADX for Starbucks Corp (SBUX) is sitting at 14.75. A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company. The latest exchange of 1.39 Million shares is below its average trading activity of 1.52 Million shares. KTOV's SI was 359,800 shares in October as released by FINRA. It has underperformed by 88.96% the S&P500. 130,899 were reported by Main Street Ltd Com. The Flowering Tree Investment Management Pte Ltd holds 6.42 million shares with $67.78M value, down from 8.57M last quarter. The stock has advanced 10.09% to a low over the previous 12 months and showed declining move -13.72% to a high over the same period. Manufacturers Life The has 2.65M shares. Starbucks Corporation (NDAQ:SBUX) has risen 12.48% since October 13, 2016 and is uptrending. It has outperformed by 52.99% the S&P500.

Green Square Capital Llc increased Spdr S&P 500 Etf (SPY) stake by 1,987 shares to 17,879 valued at $4.34 million in 2017Q2. Following the sale, the insider now owns 390,341 shares of the company's stock, valued at $20,898,857.14. Finally, Shelton Capital Management increased its holdings in Starbucks Corporation by 104.4% in the 1st quarter. Its up 0.34, from 0.87 in 2017Q1. It increased, as 68 investors sold Starbucks Corporation shares while 409 reduced holdings.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Susquehanna Intll Grp Ltd Liability Partnership accumulated 1.17 million shares. Arrow Finance accumulated 44,000 shares or 0.61% of the stock. Wright Investors Service Inc invested 0.51% in Starbucks Corporation (NASDAQ:SBUX). On average, analysts predict that Starbucks Corporation will post $2.06 earnings per share for the current fiscal year. Starbucks is thus left to try and corner the mid- and high-end of the coffee market, which also features a growing number of local coffee shops and gourmet chains.

Starbucks Corporation (SBUX) now the company's industry has 13.86 P/E and the sector P/E is 16.24. The stock rose 2.02% or $0.65 reaching $32.76 per share. Alta Cap Management Ltd Liability Corporation reported 2.31% stake. Robeco Institutional Asset Mgmt Bv owns 0.18% invested in Starbucks Corporation (NASDAQ:SBUX) for 466,688 shares. Sumitomo Mitsui Trust owns 4.37 million shares for 0.37% of their portfolio. The Massachusetts-based Commonwealth Equity Services Inc has invested 0.01% in the stock. The Missouri-based Stifel Financial has invested 0.33% in Starbucks Corporation (NASDAQ:SBUX). Sector Pension Board holds 0.08% or 164,664 shares. Optimum Advsrs, a Illinois-based fund reported 22,765 shares.

Ever wonder how investors predict positive share price momentum? Therefore 73% are positive. The high and low revenue estimates for the current quarter are $6.13 Billion and $5.59 Billion, respectively. The company was downgraded on Friday, August 28 by Vetr. The rating was maintained by Jefferies with "Buy" on Tuesday, October 3. The firm had revenue of $5.66 billion during the quarter, compared to analysts' expectations of $5.76 billion. The company was maintained on Wednesday, July 12 by RBC Capital Markets. The Company's Americas, CAP, and EMEA segments include both company-operated and licensed stores. The stock of Mastercard Inc (NYSE:MA) earned "Buy" rating by Guggenheim on Monday, September 11. The rating was maintained by Mizuho on Thursday, September 28 with "Buy". They issued a "hold" rating and a $58.00 target price for the company.

Starbucks Corporation (NASDAQ:SBUX) shares were trading higher by 0.59 percent ($0.33) at $55.97 a piece in Thursday's session. MA's profit will be $1.30 billion for 30.22 P/E if the $1.22 EPS becomes a reality. The coffee company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. Similarly, the company's Director ULLMAN MYRON E III on 2017-09-07 Sell 22966 shares of the company at a price of $53.41.

In related news, insider John Culver sold 64,776 shares of the stock in a transaction on Friday, September 8th. Mastercard Incorporated had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Hold" rating by Zacks given on Monday, August 24. The company declared a dividend for shareholders that was paid on Friday the 25th of August 2017.

Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock of Starbucks Corporation (NASDAQ:SBUX) earned "Outperform" rating by Wedbush on Friday, July 22. Wedbush downgraded the shares of SBUX in report on Wednesday, June 14 to "Neutral" rating.

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