Bank Of New York Mellon Corp Continues to Hold Stake in Starbucks Corp (SBUX)

April 20, 2018 - By Henry Gaston

Starbucks Corporation (NASDAQ:SBUX) LogoInvestors sentiment increased to 1.05 in Q4 2017. 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. Hedeker Wealth Limited Liability Corp invested 1.1% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Yorktown Mngmt & Inc holds 0.3% or 18,000 shares. Silvercrest Asset Mgmt Gp Ltd reported 0.03% in Starbucks Corporation (NASDAQ:SBUX). Zwj Investment Counsel Inc invested in 0.09% or 18,856 shares. Covington Investment Advisors Inc holds 1.1% or 56,035 shares. Baldwin Brothers Ma stated it has 1.04% in Starbucks Corporation (NASDAQ:SBUX). Peloton Wealth Strategists, a Indiana-based fund reported 61,250 shares. Roanoke Asset Mngmt holds 2.24% in Starbucks Corporation (NASDAQ:SBUX) or 81,391 shares. Edgewood Ltd Llc owns 24,401 shares. Timber Hill Ltd Liability Corporation reported 96,933 shares. Eqis Capital Incorporated owns 11,143 shares or 0.03% of their US portfolio. Canada Pension Plan Investment Board has invested 0.23% in Starbucks Corporation (NASDAQ:SBUX). Fishman Jay A Mi holds 2.01% or 185,811 shares. Mackenzie Corp has 0.1% invested in Starbucks Corporation (NASDAQ:SBUX) for 748,897 shares. Waddell & Reed Fincl owns 680,000 shares.

Since January 31, 2018, it had 0 buys, and 3 sales for $13.62 million activity. BURROWS CLIFFORD also sold $9.28M worth of Starbucks Corporation (NASDAQ:SBUX) on Wednesday, January 31. ULLMAN MYRON E III had sold 12,500 shares worth $740,851.

Bank Of New York Mellon Corp increased its stake in Starbucks Corp (SBUX) by 4.1% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of New York Mellon Corp bought 1.21M shares as the company’s stock rose 0.28% while stock markets declined. The institutional investor held 30.73 million shares of the restaurants company at the end of 2017Q4, valued at $1.76B, up from 29.52 million at the end of the previous reported quarter. Bank Of New York Mellon Corp who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $81.69 billion market cap company. The stock decreased 1.86% or $1.1005 during the last trading session, reaching $58.1195. About 6.01 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 0.40% since April 20, 2017 and is uptrending. It has underperformed by 11.15% the S&P500.

Bank Of New York Mellon Corp, which manages about $379.94 billion US Long portfolio, decreased its stake in Akorn Inc (Call) (NASDAQ:AKRX) by 1.13 million shares to 6,400 shares, valued at $206,000 in 2017Q4, according to the filing. It also reduced its holding in Ptc Inc (NASDAQ:PTC) by 54,634 shares in the quarter, leaving it with 1.22 million shares, and cut its stake in Ishares Russell 3000 Etf (IWV).

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Among 19 analysts covering Starbucks Corp (NASDAQ:SBUX), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Starbucks Corp had 34 analyst reports since November 1, 2017 according to SRatingsIntel. Cowen & Co maintained the shares of SBUX in report on Friday, January 19 with “Buy” rating. The firm has “Outperform” rating by Robert W. Baird given on Friday, November 3. The company was maintained on Friday, November 10 by Morgan Stanley. Piper Jaffray maintained the shares of SBUX in report on Friday, January 26 with “Buy” rating. Nomura maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, November 3 with “Buy” rating. Mizuho maintained it with “Buy” rating and $75.0 target in Wednesday, November 1 report. Wedbush downgraded the shares of SBUX in report on Thursday, March 29 to “Neutral” rating. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Neutral” rating by Mizuho on Thursday, February 1. BMO Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, November 3 with “Market Perform” rating. The firm has “Buy” rating by Piper Jaffray given on Friday, November 3.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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