As Starbucks Corp Com (SBUX) Stock Price Rose, Sawgrass Asset Management LLC Increased Position

June 14, 2018 - By Marguerite Chambers

Starbucks Corporation (NASDAQ:SBUX) LogoInvestors sentiment decreased to 0.93 in 2018 Q1. Its down 0.12, from 1.05 in 2017Q4. It worsened, 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. Prescott Gru Mgmt Ltd Liability Corporation reported 17,200 shares stake. D L Carlson Invest Grp holds 0.71% or 38,750 shares in its portfolio. Family Trust Co holds 75,140 shares or 1.98% of its portfolio. Eastern Commercial Bank has 25,456 shares for 0.1% of their portfolio. First Personal Fincl Svcs has 0.58% invested in Starbucks Corporation (NASDAQ:SBUX). Amer Century stated it has 5.41 million shares. Fishman Jay A Mi accumulated 0% or 176,261 shares. Meyer Handelman reported 72,080 shares. American Insur Tx holds 110,290 shares. Texas-based Cullen Frost Bankers Inc has invested 0.89% in Starbucks Corporation (NASDAQ:SBUX). Natixis Advisors Limited Partnership holds 0.19% or 326,861 shares in its portfolio. Schwab Charles Invest Management stated it has 0.23% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Balasa Dinverno & Foltz Limited Liability Company invested in 0.08% or 9,554 shares. Macguire Cheswick And Tuttle Counsel Llc reported 2.15% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Legal General Group Pcl owns 6.69 million shares or 0.3% of their US portfolio.

Since January 31, 2018, it had 0 insider buys, and 3 sales for $13.62 million activity. $740,851 worth of Starbucks Corporation (NASDAQ:SBUX) shares were sold by ULLMAN MYRON E III. 59,838 shares were sold by WEATHERUP CRAIG, worth $3.60 million.

Sawgrass Asset Management Llc increased its stake in Starbucks Corp Com (SBUX) by 13.11% based on its latest 2018Q1 regulatory filing with the SEC. Sawgrass Asset Management Llc bought 119,379 shares as the company’s stock rose 1.31% while stock markets declined. The institutional investor held 1.03M shares of the restaurants company at the end of 2018Q1, valued at $59.64 million, up from 910,905 at the end of the previous reported quarter. Sawgrass Asset Management Llc who had been investing in Starbucks Corp Com for a number of months, seems to be bullish on the $78.57B market cap company. The stock increased 1.29% or $0.725 during the last trading session, reaching $56.935. About 7.71M shares traded. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since June 14, 2017 and is downtrending. It has underperformed by 20.49% the S&P500.

Sawgrass Asset Management Llc, which manages about $3.30 billion and $2.09 billion US Long portfolio, decreased its stake in Microsoft Corp Com (NASDAQ:MSFT) by 80,815 shares to 1.08M shares, valued at $98.13M in 2018Q1, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 43,784 shares in the quarter, leaving it with 597,420 shares, and cut its stake in Alphabet Inc Cl A.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Fool.com which released: “Why I Bought Starbucks Stock Last Week” on June 10, 2018, also Seekingalpha.com with their article: “Canadian backlash against US companies” published on June 14, 2018, Seekingalpha.com published: “Seattle council repeals ‘head tax'” on June 13, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Seekingalpha.com and their article: “Starbucks lifts coffee prices in the US” published on June 07, 2018 as well as 247Wallst.com‘s news article titled: “Starbucks Reputation Hits 10-Year Low” with publication date: May 31, 2018.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Among 18 analysts covering Starbucks Corp (NASDAQ:SBUX), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Starbucks Corp had 28 analyst reports since December 21, 2017 according to SRatingsIntel. As per Friday, January 26, the company rating was maintained by Oppenheimer. The rating was maintained by Barclays Capital with “Hold” on Friday, January 26. Barclays Capital maintained Starbucks Corporation (NASDAQ:SBUX) rating on Tuesday, January 16. Barclays Capital has “Hold” rating and $65.0 target. The company was maintained on Friday, January 26 by Nomura. The firm earned “Outperform” rating on Friday, January 26 by William Blair. The rating was downgraded by Mizuho to “Neutral” on Thursday, February 1. UBS maintained Starbucks Corporation (NASDAQ:SBUX) on Monday, May 21 with “Buy” rating. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, January 2. The firm earned “Buy” rating on Thursday, December 21 by RBC Capital Markets. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given on Friday, March 9 by UBS.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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