Shares in Starbucks Corporation (SBUX) Acquired by Summit Global Investments

Marco Green
November 18, 2017

The hedge fund held 97,752 shares of the restaurants company at the end of 2017Q2, valued at $5.70M, up from 9,724 at the end of the previous reported quarter.

Shares of Starbucks Corp. The stock declined 0.52% or $0.3 reaching $56.94 on the news. About 3.54 million shares traded. About shares traded. TransMontaigne Partners L.P. (NYSE:TLP) has risen 5.96% since November 17, 2016 and is uptrending. It has underperformed by 4.22% the S&P500. Seven equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. MiMedx Group had 21 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with "Buy" on Tuesday, August 8. Deutsche Bank maintained the stock with "Buy" rating in Monday, July 17 report. As per Monday, May 15, the company rating was downgraded by Morgan Stanley. Verisk Analytics Inc (NASDAQ:VRSK) was raised too. The firm has "Sell" rating given on Tuesday, November 3 by Goldman Sachs. Wedbush maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, July 22 with "Outperform" rating. The rating was maintained by Jefferies on Tuesday, October 3 with "Buy". Eli Lilly and Co (NYSE:LLY) has risen 4.70% since November 17, 2016 and is uptrending. It has outperformed by 27.73% the S&P500. The company has market cap of $158.12 billion. The Company's Regenerative Biomaterials segment includes the design, manufacture, and marketing of products and tissue processing services for the Wound Care, Surgical, Sports Medicine, Ophthalmic and Dental market categories. It has a 16.25 P/E ratio. The Company's biomaterial platform technologies include AmnioFix, EpiFix, OrthoFlo, Physio, AlloBurn, and CollaFix.

Investors sentiment decreased to 0.9 in 2017 Q2. Its up 0.34, from 0.87 in 2017Q1. It improved, as 16 investors sold MiMedx Group Inc shares while 41 reduced holdings. 74 funds opened positions while 205 raised stakes. The company had a trading volume of 4,006,678 shares, compared to its average volume of 9,398,944. Cranbrook Wealth Mgmt Ltd accumulated 0% or 139 shares. 31,676 are owned by Everence Cap Mgmt Inc. Moreover, Williams Jones & Limited Liability Corp has 0.01% invested in MiMedx Group Inc (NASDAQ:MDXG) for 20,500 shares. Mader Shannon Wealth Mngmt holds 53,797 shares. Hartford Invest Management holds 0.45% or 398,332 shares. Shine Invest Advisory holds 926 shares. Pr Herzig & Incorporated reported 0.41% stake. Longfellow Investment Management Co Llc, a Massachusetts-based fund reported 353,818 shares. Integrated Investment Consultants LLC now owns 10,620 shares of the coffee company's stock worth $607,000 after buying an additional 264 shares during the last quarter.

Since May 18, 2017, it had 0 buys, and 2 sales for $1.24 million activity. Another trade for 1,900 shares valued at $153,482 was sold by Barnes Melissa S.

Starbucks Corporation has a beta of 1.06, offering the possibility of a higher rate of return, but also posing more risk. They expect $0.57 earnings per share, up 9.62% or $0.05 from last year's $0.52 per share. SBUX's profit will be $823.03M for 25.11 P/E if the $0.57 EPS becomes a reality. CLSA maintained Starbucks Corporation (NASDAQ:SBUX) on Wednesday, September 28 with "Buy" rating. Therefore 71% are positive. Starbucks Corporation had 80 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was downgraded by Argus Research to "Hold" on Friday, February 10. The company was maintained on Friday, July 28 by Piper Jaffray. The stock of Starbucks Corporation (NASDAQ:SBUX) earned "Hold" rating by Deutsche Bank on Wednesday, November 2. Credit Suisse Group reissued a "buy" rating on shares of Starbucks Corporation in a research note on Monday, November 6th. The stock has "Hold" rating by Stephens on Friday, July 28. Northeast Investment Management acquired 13,303 shares as Starbucks Corp (SBUX)'s stock rose 6.99%. In the last 90 days, insiders have sold 443,884 shares of company stock worth $25,041,780. It last reported revenues of $1.26 billion and EPS of $0.55 for the September 2017, representing -2% top-line growth and 0.58 EPS growth. Its up 0.34, from 0.87 in 2017Q1.

Starbucks Corporation (NASDAQ:SBUX) insider Howard D. Schultz sold 290,176 shares of the stock in a transaction that occurred on Wednesday, November 15th.

Starbucks Corporation most recently reported earnings per share (EPS) of $0.55 for the September 2017 versus $0.56 in the same quarter previous year, representing -2% growth. Global X Co Limited holds 0.25% or 188,487 shares in its portfolio. Timber Hill Limited Liability Company has invested 0.04% in Starbucks Corporation (NASDAQ:SBUX). Equity analyst Robert W. Baird lowered the price target on November 3 changing the forecast from $70.00 to $66.00 with a rating of "Outperform". In addition to sales through its company-operated retail stores, Starbucks sells whole bean coffees through a specialty sales group and supermarkets. Starbucks Corporation's dividend payout ratio (DPR) is 60.91%. The percentage of shares being held by the company management was 0.2% while institutional stake was 95.1%. Crawford Inv Counsel has 8,246 shares for 0.02% of their portfolio. Capital World Investors lifted its stake in Starbucks Corporation by 2.0% in the second quarter. Citadel Advsr owns 0.02% invested in Starbucks Corporation (NASDAQ:SBUX) for 461,597 shares. However, the institutional investors are observed to own 75.40% of the total shares. Arrowstreet Capital Ltd Partnership has 1.90 million shares. Marco Investment Mgmt Ltd Com reported 0.15% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Adirondack, a New York-based fund reported 6,614 shares.

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