Starbucks Corp Com (SBUX) Position Has Boosted by Sawgrass Asset Management Llc

June 14, 2018 - By Jason Grubb

Starbucks Corporation (NASDAQ:SBUX) LogoInvestors sentiment decreased to 0.93 in Q1 2018. Its down 0.12, from 1.05 in 2017Q4. It dived, as 61 investors sold SBUX shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported. Harding Loevner LP owns 2.34 million shares. Reik & Co Limited Co holds 42,580 shares. Hyman Charles D reported 0.74% stake. Notis accumulated 3,916 shares. Sequoia Fin Advisors Limited Liability has 16,349 shares. Gateway Advisers Ltd Liability Corporation owns 0.05% invested in Starbucks Corporation (NASDAQ:SBUX) for 89,036 shares. 33,804 are owned by Wetherby Asset. Jennison Associates Ltd Liability invested 0.02% in Starbucks Corporation (NASDAQ:SBUX). Ipswich Invest Management Co owns 11,348 shares or 0.28% of their US portfolio. Asset Mngmt has 0.35% invested in Starbucks Corporation (NASDAQ:SBUX) for 42,885 shares. Mckinley Carter Wealth Inc has invested 0.82% in Starbucks Corporation (NASDAQ:SBUX). Saratoga Research & Inv Management holds 473,639 shares or 2% of its portfolio. Pitcairn Co has invested 0.15% in Starbucks Corporation (NASDAQ:SBUX). Van Hulzen Asset Ltd Company has 0.08% invested in Starbucks Corporation (NASDAQ:SBUX). Next Finance Gru owns 9,238 shares for 0.11% of their portfolio.

Since January 31, 2018, it had 0 buys, and 3 selling transactions for $13.62 million activity. Another trade for 12,500 shares valued at $740,851 was made by ULLMAN MYRON E III on Monday, March 12. $3.60 million worth of Starbucks Corporation (NASDAQ:SBUX) shares were sold by WEATHERUP CRAIG.

Sawgrass Asset Management Llc increased its stake in Starbucks Corp Com (SBUX) by 13.11% based on its latest 2018Q1 regulatory filing with the SEC. Sawgrass Asset Management Llc bought 119,379 shares as the company’s stock rose 1.31% while stock markets declined. The institutional investor held 1.03M shares of the restaurants company at the end of 2018Q1, valued at $59.64 million, up from 910,905 at the end of the previous reported quarter. Sawgrass Asset Management Llc who had been investing in Starbucks Corp Com for a number of months, seems to be bullish on the $78.57B market cap company. The stock increased 1.29% or $0.725 during the last trading session, reaching $56.935. About 7.71 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since June 14, 2017 and is downtrending. It has underperformed by 20.49% the S&P500.

Sawgrass Asset Management Llc, which manages about $3.30B and $2.09B US Long portfolio, decreased its stake in Intel Corp Com (NASDAQ:INTC) by 526,310 shares to 532,412 shares, valued at $27.73 million in 2018Q1, according to the filing. It also reduced its holding in Mccormick & Co Inc Com Non Vtg (NYSE:MKC) by 117,055 shares in the quarter, leaving it with 441,491 shares, and cut its stake in Abbvie Inc. Com (NYSE:ABBV).

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Seekingalpha.com which released: “Starbucks lifts coffee prices in the US” on June 07, 2018, also Seekingalpha.com with their article: “Starbucks: Not Holding For Growth, But For Dividends” published on May 22, 2018, Seekingalpha.com published: “Starbucks launches new prepaid Visa product” on June 11, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Seekingalpha.com and their article: “Starbucks clarifies new guest policy” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “Anti-bias training day at Starbucks” with publication date: May 29, 2018.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Among 18 analysts covering Starbucks Corp (NASDAQ:SBUX), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Starbucks Corp had 28 analyst reports since December 21, 2017 according to SRatingsIntel. Mizuho downgraded Starbucks Corporation (NASDAQ:SBUX) on Thursday, February 1 to “Neutral” rating. Piper Jaffray maintained the stock with “Buy” rating in Monday, February 5 report. Piper Jaffray maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, April 27 with “Buy” rating. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Outperform” rating given on Friday, January 26 by William Blair. The firm earned “Buy” rating on Thursday, January 25 by Robert W. Baird. As per Friday, January 26, the company rating was maintained by Nomura. The company was maintained on Monday, March 12 by J.P. Morgan. The rating was maintained by Barclays Capital with “Hold” on Friday, January 26. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given on Wednesday, December 27 by Tigress Financial. BMO Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) on Thursday, January 25 with “Hold” rating.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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