First Republic Investment Management INC Stake in Starbucks Corp (SBUX) Trimmed by $5.38 Million as Stock Rose

May 25, 2018 - By Richard Conner

Starbucks Corporation (NASDAQ:SBUX) LogoInvestors sentiment increased to 1.05 in 2017 Q4. Its up 0.08, from 0.97 in 2017Q3. It improved, as 63 investors sold SBUX shares while 449 reduced holdings. 114 funds opened positions while 423 raised stakes. 983.38 million shares or 1.10% more from 972.68 million shares in 2017Q3 were reported. Reinhart Prns Inc reported 0.05% in Starbucks Corporation (NASDAQ:SBUX). Lodestar Counsel Limited Liability Company Il holds 225,215 shares or 1.49% of its portfolio. East Coast Asset Management Limited Liability Company holds 57,238 shares or 0.89% of its portfolio. Palisade Capital Mngmt Ltd Liability Company Nj reported 3,555 shares. 3.00M were accumulated by Mitsubishi Ufj Tru And Banking. Windward Capital Company Ca reported 127,734 shares. Carderock Mngmt has 1.48% invested in Starbucks Corporation (NASDAQ:SBUX) for 58,623 shares. Fiduciary Of The Southwest Inc Tx owns 29,068 shares or 0.49% of their US portfolio. Raab And Moskowitz Asset Management Lc owns 32,623 shares. Roanoke Asset Mgmt Ny stated it has 2.24% in Starbucks Corporation (NASDAQ:SBUX). San Francisco Sentry Grp (Ca) has invested 0.34% in Starbucks Corporation (NASDAQ:SBUX). Old Mutual Customised Solutions (Proprietary) reported 73,329 shares. Barclays Pcl owns 3.44 million shares. Mechanics Commercial Bank Tru Department owns 8,660 shares. Smead Mgmt Inc owns 352,196 shares.

Since January 31, 2018, it had 0 buys, and 3 selling transactions for $13.62 million activity. BURROWS CLIFFORD had sold 162,826 shares worth $9.28M. Another trade for 12,500 shares valued at $740,851 was made by ULLMAN MYRON E III on Monday, March 12.

First Republic Investment Management Inc decreased its stake in Starbucks Corp (SBUX) by 7.19% based on its latest 2017Q4 regulatory filing with the SEC. First Republic Investment Management Inc sold 94,322 shares as the company’s stock rose 0.28% while stock markets declined. The hedge fund held 1.22M shares of the restaurants company at the end of 2017Q4, valued at $69.93M, down from 1.31 million at the end of the previous reported quarter. First Republic Investment Management Inc who had been investing in Starbucks Corp for a number of months, seems to be less bullish one the $80.19 billion market cap company. The stock increased 0.75% or $0.43 during the last trading session, reaching $58.11. About 3.19 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 0.40% since May 25, 2017 and is uptrending. It has underperformed by 11.15% the S&P500.

First Republic Investment Management Inc, which manages about $25.99B and $15.18B US Long portfolio, upped its stake in Bank New York Mellon Corp (NYSE:BK) by 557,318 shares to 1.01 million shares, valued at $54.56M in 2017Q4, according to the filing. It also increased its holding in Powershares Qqq Trust (QQQ) by 57,407 shares in the quarter, for a total of 862,457 shares, and has risen its stake in Amazon Com Inc (NASDAQ:AMZN).

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on July, 26. They expect $0.65 earnings per share, up 18.18 % or $0.10 from last year’s $0.55 per share. SBUX’s profit will be $897.00M for 22.35 P/E if the $0.65 EPS becomes a reality. After $0.53 actual earnings per share reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts 22.64 % EPS growth.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Nasdaq.com which released: “Starbucks Corporation Gets $7.2B Cash Upfront in Deal with Nestle” on May 07, 2018, also 247Wallst.com with their article: “New Long Lines at Starbucks and Customer Service” published on May 21, 2018, Seekingalpha.com published: “Not A Venti Quarter At Starbucks” on April 30, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: 247Wallst.com and their article: “Is Starbucks Still at War With McDonald’s?” published on April 27, 2018 as well as Seekingalpha.com‘s news article titled: “Starbucks: Not Holding For Growth, But For Dividends” with publication date: May 22, 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 27 analyst reports since December 21, 2017 according to SRatingsIntel. Piper Jaffray maintained the shares of SBUX in report on Friday, January 26 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Friday, January 26. The company was downgraded on Monday, January 29 by Bernstein. The firm has “Hold” rating by Barclays Capital given on Friday, January 26. The firm has “Buy” rating by Nomura given on Friday, January 26. The firm earned “Outperform” rating on Friday, January 26 by William Blair. The firm earned “Buy” rating on Monday, February 5 by Piper Jaffray. The company was maintained on Tuesday, January 16 by Barclays Capital. UBS maintained Starbucks Corporation (NASDAQ:SBUX) rating on Monday, May 21. UBS has “Buy” rating and $6600 target. The firm has “Buy” rating given on Tuesday, January 2 by Robert W. Baird.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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