Ithaka Group LLC Has Decreased Starbucks Corporation (SBUX) Stake by $8.53 Million as Stock Value Rose

March 23, 2018 - By Dolores Ford

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.24, from 1.21 in 2017Q2. It is negative, as 95 investors sold SBUX shares while 448 reduced holdings. 100 funds opened positions while 428 raised stakes. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. Daniel Devine accumulated 29,615 shares. Etrade Lc stated it has 0.06% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). East Coast Asset Mngmt Lc, Massachusetts-based fund reported 60,706 shares. Bridges Counsel Inc, a Nebraska-based fund reported 6,550 shares. Loring Wolcott & Coolidge Fiduciary Advsrs Limited Liability Partnership Ma stated it has 1.88% in Starbucks Corporation (NASDAQ:SBUX). 29.60 million are owned by Fmr. Vision Capital Management Inc reported 89,472 shares. Moreover, Pitcairn has 0.32% invested in Starbucks Corporation (NASDAQ:SBUX) for 53,055 shares. Sunbelt has 10,755 shares. Waratah Cap Advsrs Ltd invested in 0.51% or 74,905 shares. Hyman Charles D, Florida-based fund reported 107,628 shares. Kayne Anderson Rudnick Mngmt Ltd Co accumulated 0.16% or 328,233 shares. 11,512 were accumulated by Rathbone Brothers Public Ltd Co. Ithaka Grp Incorporated Ltd Company reported 208,543 shares. Schwab Charles Inv Mgmt owns 4.98M shares or 0.23% 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) was sold by ULLMAN MYRON E III on Monday, March 12. Shares for $9.28 million were sold by BURROWS CLIFFORD on Wednesday, January 31.

Ithaka Group Llc decreased its stake in Starbucks Corporation (SBUX) by 43.56% based on its latest 2017Q3 regulatory filing with the SEC. Ithaka Group Llc sold 160,970 shares as the company’s stock rose 6.99% with the market. The institutional investor held 208,543 shares of the restaurants company at the end of 2017Q3, valued at $11.20M, down from 369,513 at the end of the previous reported quarter. Ithaka Group Llc who had been investing in Starbucks Corporation for a number of months, seems to be less bullish one the $81.41 billion market cap company. The stock increased 0.26% or $0.15 during the last trading session, reaching $57.92. About 309,183 shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since March 23, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on April, 26. They expect $0.53 earnings per share, up 17.78 % or $0.08 from last year’s $0.45 per share. SBUX’s profit will be $744.96M for 27.32 P/E if the $0.53 EPS becomes a reality. After $0.65 actual earnings per share reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts -18.46 % negative EPS growth.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: which released: “Is Starbucks Ex Growth?” on March 22, 2018, also with their article: “Starbucks Corporation Stock Bulls Ignoring China Risks” published on March 14, 2018, published: “Starbucks reaffirms 12% earnings growth rate target over three years” on March 21, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: and their article: “Try This Bullish Refill in Starbucks Corporation Stock” published on March 12, 2018 as well as‘s news article titled: “It’s Time to Wake Up and Smell the Coffee on Starbucks Corporation Stock” with publication date: March 01, 2018.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Starbucks Corporation has $75.0 highest and $52 lowest target. $65.38’s average target is 12.88% above currents $57.92 stock price. Starbucks Corporation had 103 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, November 2 by Deutsche Bank. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Overweight” rating given on Friday, November 10 by Morgan Stanley. The stock has “Outperform” rating by Robert W. Baird on Friday, November 3. As per Thursday, January 25, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating by Oppenheimer given on Friday, July 28. The stock has “Neutral” rating by Buckingham Research on Monday, November 21. The company was downgraded on Friday, August 28 by Vetr. Deutsche Bank downgraded Starbucks Corporation (NASDAQ:SBUX) on Tuesday, April 12 to “Hold” rating. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, August 9. The rating was maintained by Barclays Capital with “Hold” on Friday, January 26.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.