Starbucks Corp (SBUX) Shareholder Two Creeks Capital Management LP Upped Its Holding

April 24, 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 increased, 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. Ghp Inv Advisors invested in 7,708 shares or 0.06% of the stock. Crow Point Ptnrs owns 0.02% invested in Starbucks Corporation (NASDAQ:SBUX) for 1,877 shares. Pittenger Anderson Inc invested 0.04% in Starbucks Corporation (NASDAQ:SBUX). Ameritas Invest Partners Inc has 91,409 shares for 0.24% of their portfolio. 21.45 million are owned by Northern Tru. Northeast holds 0.93% in Starbucks Corporation (NASDAQ:SBUX) or 192,082 shares. Gam Ag invested in 81,636 shares or 0.14% of the stock. Regent has invested 0.08% in Starbucks Corporation (NASDAQ:SBUX). Sonata Gru holds 0.72% or 17,347 shares. New York State Common Retirement Fund invested in 0.3% or 4.38M shares. Quantres Asset Management Limited owns 28,000 shares for 1.01% of their portfolio. Whetstone Capital Ltd holds 0.11% in Starbucks Corporation (NASDAQ:SBUX) or 4,300 shares. 28,427 are held by Zeke Cap Advisors Limited Liability Company. Aviva Public Ltd accumulated 1.07 million shares. Hermes Management reported 62,407 shares.

Since January 31, 2018, it had 0 insider purchases, and 3 selling transactions for $13.62 million activity. 12,500 shares were sold by ULLMAN MYRON E III, worth $740,851 on Monday, March 12. Another trade for 59,838 shares valued at $3.60M was sold by WEATHERUP CRAIG.

John Overdeck increased its stake in Starbucks Corp (SBUX) by 78.91% based on its latest 2017Q4 regulatory filing with the SEC. Two Creeks Capital Management Lp bought 833,605 shares as the company’s stock rose 0.28% while stock markets declined. The hedge fund run by John Overdeck held 1.89 million shares of the restaurants company at the end of 2017Q4, valued at $108.54M, up from 1.06M at the end of the previous reported quarter. Two Creeks Capital Management Lp who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $81.89B market cap company. The stock increased 0.17% or $0.1 during the last trading session, reaching $58.26. About 630,077 shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 0.40% since April 24, 2017 and is uptrending. It has underperformed by 11.15% the S&P500.

Two Creeks Capital Management Lp, which manages about $2.12B and $1.87 billion US Long portfolio, decreased its stake in Pioneer Nat Res Co (NYSE:PXD) by 345,623 shares to 630,147 shares, valued at $108.92 million in 2017Q4, according to the filing. It also reduced its holding in Home Depot Inc (NYSE:HD) by 593,018 shares in the quarter, leaving it with 212,825 shares, and cut its stake in Weatherford Intl Plc (Call) (NYSE:WFT).

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. The company was maintained on Friday, November 3 by UBS. The rating was maintained by Credit Suisse with “Hold” on Friday, January 26. On Friday, January 26 the stock rating was maintained by Cowen & Co with “Buy”. The rating was maintained by Piper Jaffray on Monday, February 5 with “Buy”. The firm has “Buy” rating by Mizuho given on Wednesday, November 1. The rating was downgraded by Mizuho to “Neutral” on Thursday, February 1. The firm has “Market Perform” rating by Cowen & Co given on Friday, April 13. On Friday, January 26 the stock rating was maintained by RBC Capital Markets with “Buy”. Robert W. Baird maintained the stock with “Buy” rating in Thursday, January 25 report. The firm has “Hold” rating by Barclays Capital given on Friday, January 26.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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