Published: Sat, January 13, 2018
Finance | By Loren Pratt

Starbucks Corporation (SBUX) Stake Decreased by Rainier Investment Management LLC


WI lifted its holdings in Starbucks Co. The stock increased 0.78% or $1.03 during the last trading session, reaching $133.6. Starbucks Corporation (SBUX) has made its way to a 12-month gain of 3.35%. It has underperformed by 4.22% the S&P500.

Proshare Advisors Llc decreased its stake in Cincinnati Finl Corp (CINF) by 3.73% based on its latest 2017Q3 regulatory filing with the SEC. Moreover, Gilder Gagnon Howe Co Ltd Co has 1.29% invested in Autodesk, Inc. The institutional investor held 120,510 shares of the restaurants company at the end of 2017Q3, valued at $6.47 million, up from 14,000 at the end of the previous reported quarter. Southern Co now has $45.00B valuation. The stock has a market capitalization of $85,940.00, a price-to-earnings ratio of 30.66, a P/E/G ratio of 1.61 and a beta of 0.76. Jacobi Capital Management LLC boosted its stake in shares of Starbucks by 6.9% in the second quarter. Olympic Steel, Inc. (NASDAQ:ZEUS) has declined 22.41% since January 13, 2017 and is downtrending. It has underperformed by 4.22% the S&P500.

Investors sentiment increased to 1.32 in 2017 Q3. Slightly noticeable ratio of firm is current ratio, which is standing at 1.30. It turned negative, as 29 investors sold CINF shares while 155 reduced holdings. 33 funds opened positions while 103 raised stakes. After a recent check, it is observed that the insiders for the firm now own 0.10% shares. Davenport And Co Ltd Company has 104,563 shares for 0.07% of their portfolio. Panagora Asset Mngmt owns 38,148 shares for 0.01% of their portfolio. Baker Ellis Asset Management Llc reported 16,990 shares or 0.24% of all its holdings. Advisory has 0.06% invested in The Southern Company (NYSE:SO). 720,235 were reported by Diamond Hill Cap Mgmt. Essex Management Company Lc reported 0.2% stake. Monarch Cap invested in 1.49% or 52,371 shares. Waratah Capital Advisors holds 74,905 shares or 0.51% of its portfolio. British Columbia Invest Mgmt invested in 522,463 shares or 0.2% of the stock. State Of Tennessee Treasury Department accumulated 40,779 shares. 17,151 are held by Court Place Ltd Company.

Among 12 analysts covering Epizyme (NASDAQ:EPZM), 11 have Buy rating, 0 Sell and 1 Hold. Corporate insiders own 3.40% of the company's stock.

In other Starbucks Corporation news, insider John Culver sold 168,814 shares of Starbucks Corporation stock in a transaction dated Monday, December 12th. Central Financial Bank Tru holds 1.22% or 91,456 shares. BEATTIE ART P had sold 46,941 shares worth $2.46 million on Thursday, October 26.

I-G Investment Management Ltd decreased American Wtr Wks Co Inc New (NYSE:AWK) stake by 18,200 shares to 69,500 valued at $5.62M in 2017Q3. Following the transaction, the director now directly owns 56,666 shares in the company, valued at approximately $3,214,662.18. Broadridge Finl Solutions I (NYSE:BR) was reduced too. The company had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.81 billion. Therefore 92% are positive.

A number of equities analysts have recently weighed in on SBUX shares. The firm owned 345,321 shares of the coffee company's stock after purchasing an additional 2,053 shares during the period. Wall Street is only getting more bullish on the stock, with 23 of analysts who cover SBUX having a buy-equivalent rating.

Among 4 analysts covering Heritage Financial (NASDAQ:HFWA), 1 have Buy rating, 0 Sell and 3 Hold. The stock has "Buy" rating by Jefferies on Tuesday, June 6. The company was maintained on Tuesday, October 10 by Cowen & Co. Zacks Investment Research raised Starbucks from a "sell" rating to a "hold" rating in a research note on Tuesday, October 24th. Sandler O'Neill downgraded the shares of STT in report on Tuesday, September 6 to "Hold" rating. Eight investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. Therefore 72% are positive. Piper Jaffray initiated the shares of HFWA in report on Monday, September 28 with "Neutral" rating. The rating was maintained by Barclays Capital with "Overweight" on Thursday, September 24. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, July 12. Lombard Odier Transatlantic Limited Partnership now owns 9,100 shares of the coffee company's stock worth $492,000 after buying an additional 2,100 shares during the last quarter. Mizuho restated a buy rating and set a $75.00 price objective on shares of Starbucks in a report on Friday, September 29th. The company was maintained on Monday, March 13 by Wedbush. The firm earned "Buy" rating on Friday, October 30 by UBS.


Starbucks Corporation (NASDAQ:SBUX)'s interesting series of developments are underway around the USA stock market these days.

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.08, from 0.98 in 2017Q2.

A number of hedge funds and other institutional investors have recently bought and sold shares of SBUX. Eaton Vance Management invested 0.64% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). 130,362 were reported by Bridgeway Mngmt. Guardian Limited Partnership stated it has 0.09% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Starbucks Corporation (SBUX) is intriguing when broken down to its core data. Manufacturers Life Ins The holds 7,998 shares. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Starbucks were worth $18,547,000 as of its most recent SEC filing. 100 were reported by Edge Wealth Lc. Stephens Inc Ar owns 116,664 shares for 0.23% of their portfolio. Van Hulzen Asset Management Limited Liability Company has 0.51% invested in Starbucks Corporation (NASDAQ:SBUX) for 27,989 shares.

Since September 7, 2017, it had 0 insider purchases, and 2 selling transactions for $4.70 million activity.

Cypress Capital Group, which manages about $45.36 million and $469.34M US Long portfolio, upped its stake in Avery Dennison Corp (NYSE:AVY) by 7,986 shares to 51,105 shares, valued at $5.03M in 2017Q3, according to the filing.

Looking forward to the ratio analysis, the co has price to earnings ratio of 24.33, which is indicating if firm is fluctuating between 15 and 25 than it lies on average position; but sometimes if it's under this value some experts consider it as undervalue security.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, November 2nd.

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