Starbucks Corp (SBUX) Holder Bluespruce Investments LP Has Raised Position

A cup of coffee rests on a counter at a Starbucks coffeehouse in Austin Texas U.S

A cup of coffee rests on a counter at a Starbucks coffeehouse in Austin Texas Thomson Reuters

The hedge fund run by Stephen C. Freidheim held 7.71M shares of the consumer services company at the end of 2017Q3, valued at $187.12M, down from 9.10 million at the end of the previous reported quarter. Osher Van De Voorde Investment Management who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $83.24 billion market cap company. The stock increased 1.85% or $1.08 during the last trading session, reaching $59.54.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, January 25th. It has underperformed by 25.18% the S&P500.

Bluespruce Investments Lp, which manages about $352.80M and $530.54 million US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 49,156 shares to 464,009 shares, valued at $48.83 million in 2017Q3, according to the filing. Bray Capital Advisors now owns 56,816 shares of the coffee company's stock worth $3,263,000 after buying an additional 2,091 shares during the last quarter. Riverpark Advisors Llc who had been investing in Equinix Inc for a number of months, seems to be less bullish one the $31.46B market cap company. The stock decreased 0.73% or $0.65 during the last trading session, reaching $88.07. About 2.93 million shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 12.72% since March 12, 2017 and is uptrending. It has underperformed by 52.26% the S&P500.

Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. Its up 0.12, from 1.03 in 2017Q2. It worsened, as 95 investors sold SBUX shares while 448 reduced holdings.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported. Deutsche Bank downgraded it to "Hold" rating and $64 target in Tuesday, April 12 report. Kcm Investment Ltd Liability owns 134,377 shares for 0.44% of their portfolio. Nordea Investment Mgmt Ab invested 0.16% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). New England Rech Mgmt reported 0.22% stake. Hap Trading Lc invested in 0.29% or 113,157 shares. Cim Inv Mangement has invested 0.59% in Starbucks Corporation (NASDAQ:SBUX). (NASDAQ:WETF). Parametric Associate Limited Liability Co reported 245,569 shares. Mairs & Pwr holds 0.01% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 11,634 shares. Alliancebernstein LP holds 29,717 shares or 0% of its portfolio. Strs Ohio stated it has 0.28% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Tigress Financial started coverage on shares of Starbucks in a research note on Wednesday, December 27th. Lvw Advsrs Ltd Liability Corp reported 22,772 shares or 0.49% of all its holdings. Moreover, Nordea Invest Mngmt has 0.16% invested in Starbucks Corporation (NASDAQ:SBUX). Bokf Na holds 0.33% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 211,251 shares. Therefore 89% are positive. Ally Financial had 61 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Tuesday, October 3 by Stifel Nicolaus. Finally, Sanford C. Bernstein lowered Starbucks from an "outperform" rating to a "market perform" rating in a report on Monday, January 29th. Cowen & Co maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, January 19. The stock has "Buy" rating by Oppenheimer on Friday, July 28. On Tuesday, October 24 the stock rating was initiated by Deutsche Bank with "Buy". UBS maintained the stock with "Buy" rating in Friday, March 9 report. The stock has "Hold" rating by Argus Research on Friday, February 10. The rating was downgraded by Mizuho on Thursday, February 1 to "Neutral".

Starbucks Corporation (NASDAQ:SBUX)'s short interest is 33.24 million shares, or 2.40% of the float. They expect $0.53 EPS, up 17.78% or $0.08 from last year's $0.45 per share. SBUX's profit will be $744.97 million for 28.02 P/E if the $0.53 EPS becomes a reality. After $0.65 actual EPS reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts -18.46% negative EPS growth.

Since September 20, 2017, it had 0 buys, and 30 sales for $14.25 million activity. Investors of record on Thursday, February 8th were paid a $0.30 dividend. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Starbucks during the third quarter valued at about $111,000. It also upped Salesforce.Com (NYSE:CRM) stake by 112,297 shares and now owns 115,857 shares.

Investors sentiment increased to 1.11 in 2017 Q3. Its down 0.38, from 1.23 in 2017Q2. Glassman Wealth Services raised its position in Starbucks by 14.2% in the 2nd quarter.

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First Citizens Bank & Trust Co increased Zoetis Inc (NYSE:ZTS) stake by 31,420 shares to 39,074 valued at $2.49 million in 2017Q3. 6,253 are held by First Business Fin Svcs Inc. (NYSE:JONE) for 43,141 shares. Tctc Hldgs Limited Com holds 8,706 shares. First Natl Bank holds 0.43% or 51,088 shares. Raub Brock Cap Mgmt Ltd Partnership owns 274,358 shares for 3.78% of their portfolio. Magnetar Fincl Lc reported 372,971 shares. Employees Retirement System Of Texas reported 380,207 shares. (NASDAQ:EA) for 12,500 shares. Cetera Advsr Ltd has invested 0.01% in Jones Energy, Inc. Clean Yield Group Inc reported 0.14% of its portfolio in HCP, Inc. State Of Alaska Department Of Revenue stated it has 16,748 shares. Glovista Invests Ltd Liability Corp reported 14,188 shares. (NYSE:HCP) for 78 shares. Yorktown Research reported 2,500 shares.

Among 27 analysts covering Electronic Arts (NASDAQ:EA), 24 have Buy rating, 0 Sell and 3 Hold. Therefore 30% are positive. Jones Energy Inc had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by TheStreet on Saturday, August 8 to "Buy". The stock of Electronic Arts Inc. The rating was maintained by RBC Capital Markets with "Buy" on Tuesday, June 13. The stock was sold at an average price of $54.52, for a total transaction of $1,363,000.00. Morgan Stanley maintained it with "Overweight" rating and $26 target in Thursday, October 26 report. The stock has "Mixed" rating by OTR Global on Wednesday, July 13. Nomura dropped their price target on shares of Starbucks from $67.00 to $63.00 and set a "buy" rating on the stock in a research report on Friday, November 3rd. Wedbush upgraded Starbucks Corporation (NASDAQ:SBUX) on Friday, August 25 to "Outperform" rating. The firm has "Hold" rating by BMO Capital Markets given on Thursday, January 25. The rating was maintained by Canaccord Genuity with "Buy" on Wednesday, August 2.

Since January 31, 2018, it had 0 insider buys, and 1 insider sale for $9.28 million activity.

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