Starbucks (SBUX) Shareholder Saratoga Research & Investment Management Raised Position by $23.44 Million as Share Value Rose

April 17, 2018 - By Jeanette Kaplan

Starbucks Corporation (NASDAQ:SBUX) LogoInvestors sentiment increased to 1.05 in 2017 Q4. Its up 0.08, from 0.97 in 2017Q3. It improved, 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. Hall Laurie J Trustee has 0.01% invested in Starbucks Corporation (NASDAQ:SBUX). Tirschwell Loewy Incorporated reported 2.56% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). 45,110 are owned by Jag Capital Llc. Hudson Valley Invest Advisors Adv reported 0.6% in Starbucks Corporation (NASDAQ:SBUX). Laurel Grove Lc accumulated 1.13% or 38,019 shares. New York State Common Retirement Fund holds 4.38 million shares or 0.3% of its portfolio. Gamble Jones Investment Counsel reported 0.05% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Jfs Wealth Advsr Ltd Liability Com, a Pennsylvania-based fund reported 6,675 shares. Exxonmobil Invest Mngmt Tx reported 226,232 shares. Moreover, Dsm Capital Prtn Limited Liability Corporation has 1.3% invested in Starbucks Corporation (NASDAQ:SBUX) for 1.62 million shares. Ledyard National Bank & Trust invested in 0.94% or 135,394 shares. Van Cleef Asset Managementinc owns 0.16% invested in Starbucks Corporation (NASDAQ:SBUX) for 11,050 shares. Brick & Kyle Assocs has 3,791 shares for 0.18% of their portfolio. Focused Wealth Management Incorporated invested in 0% or 1 shares. Mason Street Advisors Llc stated it has 0.26% in Starbucks Corporation (NASDAQ:SBUX).

Since January 31, 2018, it had 0 insider purchases, and 3 selling transactions for $13.62 million activity. $3.60M worth of Starbucks Corporation (NASDAQ:SBUX) was sold by WEATHERUP CRAIG on Tuesday, March 13. $9.28 million worth of stock was sold by BURROWS CLIFFORD on Wednesday, January 31.

Saratoga Research & Investment Management increased its stake in Starbucks (SBUX) by 16090.92% based on its latest 2017Q4 regulatory filing with the SEC. Saratoga Research & Investment Management bought 411,284 shares as the company’s stock rose 0.28% while stock markets declined. The institutional investor held 413,840 shares of the restaurants company at the end of 2017Q4, valued at $23.77 million, up from 2,556 at the end of the previous reported quarter. Saratoga Research & Investment Management who had been investing in Starbucks for a number of months, seems to be bullish on the $84.21 billion market cap company. The stock increased 0.81% or $0.48 during the last trading session, reaching $59.91. About 2.69 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 0.40% since April 17, 2017 and is uptrending. It has underperformed by 11.15% the S&P500.

Saratoga Research & Investment Management, which manages about $1.40B and $1.43B US Long portfolio, decreased its stake in Altria Group (NYSE:MO) by 469,388 shares to 5,300 shares, valued at $378,000 in 2017Q4, according to the filing.

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 firm has “Hold” rating given on Thursday, January 25 by BMO Capital Markets. On Friday, January 26 the stock rating was maintained by Oppenheimer with “Outperform”. J.P. Morgan maintained Starbucks Corporation (NASDAQ:SBUX) on Monday, March 12 with “Buy” rating. The rating was maintained by UBS on Friday, March 9 with “Buy”. The firm earned “Market Perform” rating on Friday, April 13 by Cowen & Co. UBS maintained it with “Buy” rating and $64.0 target in Wednesday, November 15 report. The company was maintained on Thursday, December 21 by RBC Capital Markets. UBS maintained the stock with “Buy” rating in Thursday, March 15 report. Credit Suisse maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, November 3 with “Neutral” rating. The firm earned “Buy” rating on Friday, January 26 by Cowen & Co.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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