Northeast Investment Management Decreased Its Starbucks Corp (SBUX) Stake by $4.81 Million as Shares Declined

Starbucks Corporation (NASDAQ:SBUX) Corporate LogoBig Money Sentiment decreased to 0.76 in 2018 Q2. It has change of 0.17, from 2018Q1’s 0.93. The ratio dropped due to SBUX positioning: 116 sold and 487 reduced. 105 funds acquired stakes and 356 increased stakes. Investors holded 955.12 million in 2018Q1 but now own 929.26 million shares or 2.71% less. Institute For Wealth Ltd Liability Corporation has 1.41% invested in Starbucks Corporation (NASDAQ:SBUX). Northwestern Mutual Wealth Management holds 0.06% or 226,936 shs in its capital. Edgewood Mgmt reported 11,272 shs. Sigma Planning Corp invested 0.12% of its capital in Starbucks Corporation (NASDAQ:SBUX). Illinois-based Advisory Rech has invested 0.02% in Starbucks Corporation (NASDAQ:SBUX). Cap Research Invsts accumulated 16.22M shs. Wilbanks Smith And Thomas Asset Limited Liability Company reported 62,705 shs. Ci owns 15,500 shs. Washington reported 0.49% of its capital in Starbucks Corporation (NASDAQ:SBUX). 95,493 are held by Richard Bernstein Advisors Ltd Liability Com. Patten Patten Inc Tn, Tennessee-based fund reported 8,490 shs. Valley National Advisers reported 0.04% in Starbucks Corporation (NASDAQ:SBUX). Mufg Americas accumulated 251,759 shs. Prescott Gru Ltd Limited Liability Company accumulated 15,515 shs or 0.14% of the stock. Blackrock has invested 0.19% of its capital in Starbucks Corporation (NASDAQ:SBUX).

SBUX had 4 selling transactions and 1 insider purchase since August 3, 2018. This’s net activity of $15.56 million. 166,666 shs were sold by TERUEL JAVIER G, worth $8.78M on Friday, August 24. Shares for $270,200 were bought by BREWER ROSALIND G.

The holdings In Starbucks Corp (SBUX) was decreased held by Northeast Investment Management. According to 2018Q2 Securities and Exchange filling the reduction is 56.79%. The company’s stock declined 2.21% while stock markets rallied as Northeast Investment Management sold 100,298 shares. The restaurants company announced $3.73 million value for the 2018Q2. Now the institutional investor is holding 76,323 shares, compared to the 176,621 from the previous quarter. For a total of 60,675 shares it increased its holding in Nvidia Corp (NASDAQ:NVDA) by 14,950 shares in the quarter, and has risen its stake in Intuitive Surgical Inc (NASDAQ:ISRG).

On January, 24 WallStreet awaited Starbucks Corporation (NASDAQ:SBUX)’s earnings release, according to RTT. Last year’s EPS was $0.65, while now analysts expect change of 1.54 % down from current $0.64 EPS. If reported the P/E will be 25.88 with $793.99 million profit. After $0.62 EPS report last quarter, Wall Street now predicts 3.23 % EPS growth of Starbucks Corporation.

For more Starbucks Corporation (NASDAQ:SBUX) news published recently go to: Nasdaq.com, 247Wallst.com, Globenewswire.com, Seekingalpha.com or Nasdaq.com. The titles are as follows: “Starbucks Launches New Holiday Drink Named Juniper Latte – Nasdaq” published on November 28, 2018, “6 Most Important Things in Business Today – 24/7 Wall St.” on November 30, 2018, “Research Report Identifies Starbucks, Jones Lang LaSalle, Univar, Conduent, Twilio, and Advanced Drainage with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – GlobeNewswire” with a publish date: December 04, 2018, “Starbucks makes big push in Japan – Seeking Alpha” and the last “One Put, One Call Option To Know About for Starbucks Corp. – Nasdaq” with publication date: November 26, 2018.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

A total of 20 analysts rate Starbucks (NASDAQ:SBUX) as follows: 9 “Buy”, 11 “Hold” and 0 “Sell”. Тherefore 45% are bullish. (NASDAQ:SBUX) has 28 ratings reports on Dec 6, 2018 according to StockzIntelligence. The company rating was maintained by Citigroup on Monday, November 12. On Wednesday, June 20 the company was downgraded by Morgan Stanley. In Monday, November 5 report Mizuho upgraded it to “Buy” rating and $75 target. On Wednesday, June 20 the company was downgraded by Telsey Advisory Group. On Friday, November 2 Bank of America maintained Starbucks Corporation (NASDAQ:SBUX) rating. Bank of America has “Buy” rating and $68 target. In Monday, July 2 report Stephens maintained it with “Equal-Weight” rating and $53 target. On Tuesday, June 26 the rating was maintained by Bernstein with “Hold”. In Wednesday, June 20 report BMO Capital Markets maintained it with “Market Perform” rating and $56 target. On Wednesday, July 18 the company was maintained by Barclays Capital. On Friday, November 2 the rating was maintained by Robert W. Baird with “Outperform”.

Starbucks Corporation (NASDAQ:SBUX) Institutional Investors Chart

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