Pacifica Capital Investments LLC Has $30.94 Million Position in Starbucks Corporation (SBUX)

Elias Hubbard
July 13, 2017

Reliance Tru Com Of Delaware holds 0.03% in Starbucks Corporation (NASDAQ:SBUX) or 3,647 shares. Following the transaction, the insider now directly owns 363,343 shares of the company's stock, valued at $21,604,374.78.

Alta Capital Management Llc decreased its stake in Starbucks (SBUX) by 22.16% based on its latest 2016Q4 regulatory filing with the SEC.

A number of other large investors also recently modified their holdings of SBUX. Zacks Investment Research downgraded shares of Starbucks Corporation from a "hold" rating to a "sell" rating in a research note on Tuesday, March 28th. Polen Capital Management LLC now owns 9,727,375 shares of the coffee company's stock valued at $540,064,000 after buying an additional 704,983 shares during the period. Teachers Advisors LLC increased its position in shares of Starbucks Corporation by 8.4% in the fourth quarter. Jefferies Group LLC now has a $65.00 price objective on the coffee company's stock.

Chilton Capital Management Llc increased Simon Ppty Group Inc New (NYSE:SPG) stake by 24,032 shares to 237,217 valued at $42.15 million in 2016Q4. First Allied Advisory Services Inc. now owns 109,129 shares of the coffee company's stock valued at $6,059,000 after buying an additional 3,587 shares during the last quarter. IHT Wealth Management LLC raised its position in Starbucks Corporation by 10.2% in the first quarter. Genesee Valley Trust Co. now owns 32,323 shares of the coffee company's stock valued at $1,887,000 after buying an additional 92 shares during the period. Shares have dropped -0.52% over the trailing 6 months. Private Trust Co Na owns 35,147 shares with a value of $2,049,000. Institutional investors own 71.08% of the company's stock.

Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, April 27th.

Outlined as the total market value of all unsettled shares of the company, the current market cap for the Starbucks Corporation (NASDAQ:SBUX) Specialty Eateries is valued at 84.34 B. The dominant statistics will authorize the investment community to govern the size of Starbucks Corporation compared to the sales or total assets figures.

Now we look at the Moving Averages, the 200-day is 0.9, the 50-day is -4.65 and the 20-day is -2.43. Starbucks Corporation had 40 analyst reports since July 28, 2015 according to SRatingsIntel.

Starbucks Corporation (NASDAQ:SBUX) recently saw its volume around 5.42 million shares and on average it trades 7.99 million shares a day. Starbucks Corporation's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.36 earnings per share.

Starbucks Corporation (SBUX) traded up 0.76% during trading on Thursday, reaching $58.34. If you are viewing this piece on another publication, it was copied illegally and republished in violation of U.S. and worldwide trademark & copyright legislation. The legal version of this piece can be read at Deutsche Bank downgraded Starbucks Corporation (NASDAQ:SBUX) on Tuesday, April 12 to "Hold" rating. Sanford C. Bernstein reaffirmed a "buy" rating and set a $67.00 target price on shares of Starbucks Corporation in a report on Monday, June 12th. They noted that the move was a valuation call.

Among 17 analysts covering Oshkosh Corporation (NYSE:OSK), 7 have Buy rating, 1 Sell and 9 Hold. BMO Capital Markets reissued a "buy" rating and issued a $62.00 price target on shares of Starbucks Corporation in a research note on Tuesday, April 4th. 1 equities equity analyst has recommended the share with a sell recommendation, around seven have issued a hold recommendation, twenty-four have published a buy recommendation and around three have issued a strong buy recommendation to The corporation. The stock presently has a consensus rating of "Buy" and a consensus price target of $65.30. The stock increased 1.26% or $0.03 during the last trading session, reaching $2.41. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The insider BURROWS CLIFFORD sold 114,826 shares worth $6.83M. The shares were sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the sale, the director now directly owns 34,000 shares in the company, valued at $2,054,620. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,826 shares of company stock worth $8,642,454. Pennsylvania-based Veritable LP has invested 0.08% in Starbucks Corporation (NASDAQ:SBUX). Also published the news titled: "Canadian firm faces new forced labour claims over Eritrean mine" on October 14, 2016.

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