Westpac Banking Corp Sells 87973 Shares of Starbucks Corporation (SBUX)

Elias Hubbard
November 14, 2017

ULLMAN MYRON E III also sold $606,300 worth of Starbucks Corporation (NASDAQ:SBUX) shares. Suncoast Equity Mngmt holds 3.33% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 188,374 shares. The stock decreased 0.35% or $0.05 during the last trading session, reaching $14.04.

Artemis Investment Management LLP raised its holdings in Starbucks Corporation (NASDAQ:SBUX) by 114.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. Halbert Hargrove Russell Llc bought 5,573 shares as the company's stock rose 6.99% with the market. 7,648,100 shares of the company were exchanged, compared to its average volume of 9,413,772. Starbucks Corp now has $81.78 billion valuation. The stock decreased 0.70% or $0.4 during the last trading session, reaching $56.64. It has underperformed by 4.22% the S&P500.

Since May 18, 2017, it had 0 insider purchases, and 2 insider sales for $1.24 million activity. The institutional investor owned 288,651 shares of the coffee company's stock after selling 87,973 shares during the period. Therefore 71% are positive. The stock of Starbucks Corporation (NASDAQ:SBUX) has "Outperform" rating given on Friday, July 22 by Wedbush. The firm has "Buy" rating by UBS given on Friday, October 30.

Starbucks Corporation (NASDAQ:SBUX) received a Buy rating from 7 analysts. Finally, Wedbush dropped their target price on shares of Starbucks Corporation from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Wednesday, September 28th. The firm earned "Hold" rating on Friday, July 28 by Wedbush. BMO Capital Markets cut their price target on Starbucks Corporation from $56.00 to $52.00 and set a market perform rating on the stock in a research note on Friday, November 3rd. Stifel Nicolaus has "Hold" rating and $58.0 target. Deutsche Bank AG now has a buy rating on the coffee company's stock. Starbucks Corporation has $75.0 highest and $52 lowest target.

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.34, from 0.87 in 2017Q1. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Starbucks Corporation by 3.2% during the 2nd quarter. 104 funds opened positions while 473 raised stakes. Gradient Investments LLC now owns 1,911 shares of the coffee company's stock valued at $111,000 after buying an additional 46 shares in the last quarter. This is an increase from Starbucks Corporation's previous quarterly dividend of $0.25. Destination Wealth Management owns 1,181 shares. In the latest earnings report the EPS was $1.97 with 1.43B shares now outstanding. Starbucks Corporation's revenue for the quarter was down.2% compared to the same quarter last year. equities analysts expect that Starbucks Corporation will post 2.31 earnings per share for the current year.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Nasdaq.com which released: "Starbucks Corporation (SBUX) Ex-Dividend Date Scheduled for November 15, 2017" on November 14, 2017, also Seekingalpha.com with their article: "Starbucks: Does It Still Have A Bright Future?" published on November 08, 2017, Investorplace.com published: "Is Starbucks Corporation Worth a Buy After Its “Awful” Earnings?" on November 03, 2017.

TRADEMARK VIOLATION NOTICE: "Artemis Investment Management LLP Has $19.24 Million Holdings in Starbucks Corporation (SBUX)" was posted by Week Herald and is the property of of Week Herald. Aviance Prns Limited Co holds 62,519 shares. Asset Mngmt Inc reported 52,386 shares or 0.55% of all its holdings.

SBUX has been the subject of a number of research reports. Northeast Investment Management holds 0.98% in Starbucks Corporation (NASDAQ:SBUX) or 185,132 shares. Also, insider John Culver sold 64,776 shares of the company's stock in a transaction that occurred on Friday, September 8th. Oakworth Cap owns 242 shares. Institutional investors own 72.01% of the company's stock. Its down 0.10, from 1.25 in 2017Q1. American Beacon Advsr holds 1,621 shares or 1.21% of its portfolio. Raymond James Trust Na owns 25,927 shares or 0.11% of their U.S. portfolio. Mohawk Industries Inc (NYSE:MHK) was reduced too. Morgan Stanley has 246,460 shares. M&T State Bank accumulated 389,820 shares. Renaissance Techs Llc holds 969,400 shares. Riverpoint Mngmt Ltd Liability has invested 0.02% of its portfolio in Amgen, Inc. Jacobi Capital Management LLC lifted its position in Starbucks Corporation by 2.7% during the first quarter. Massmutual Fsb Adv reported 66,922 shares stake. First Fincl Bank has invested 0.05% in Amgen, Inc. Ashford Mgmt Inc invested in 2.32 million shares. Taurus Asset Limited Liability Company, a New York-based fund reported 140,090 shares. Profund Advsrs Limited Liability Co holds 128,829 shares.

Analysts await Amgen, Inc. CHGG's profit will be $3.25M for 117.00 P/E if the $0.03 EPS becomes a reality. After $-0.13 actual EPS reported by Novocure Ltd for the previous quarter, Wall Street now forecasts 15.38% negative EPS growth.

Among 12 analysts covering Chegg Inc (NYSE:CHGG), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 60% are positive. Chegg Inc had 31 analyst reports since August 5, 2015 according to SRatingsIntel. The ex-dividend date of this dividend is Wednesday, November 15th. The rating was maintained by Mizuho on Thursday, September 28 with "Buy". As per Tuesday, May 2, the company rating was maintained by Lake Street.

In other news, insider Clifford Burrows sold 80,000 shares of the firm's stock in a transaction on Thursday, December 8th. JP Morgan has "Overweight" rating and $29 target. As per Monday, June 5, the company rating was maintained by Robert W. Baird. The stock has "Market Outperform" rating by JMP Securities on Tuesday, October 27. (NASDAQ:AMGN) to report earnings on February, 1. Seekingalpha.com's article titled: "Chegg Acquires Cogeon For AI Math Technologies" and published on October 19, 2017 is yet another important article.

Since May 24, 2017, it had 0 buys, and 2 sales for $1.02 million activity.

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