After Reaching Milestone, Is Starbucks Corporation (NASDAQ:SBUX)’s Short Interest Revealing Something?

July 12, 2018 - By Robert Crowder

Starbucks Corporation (NASDAQ:SBUX) Logo

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.12, from 1.05 in 2017Q4. It dived, as 61 investors sold Starbucks Corporation 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.
Advisory holds 0.02% or 20,979 shares. American Retail Bank holds 705 shares or 0.01% of its portfolio. Moreover, Ing Groep Nv has 0.02% invested in Starbucks Corporation (NASDAQ:SBUX). Franklin Res invested in 0.07% or 2.46M shares. Westend Advisors Ltd stated it has 0% in Starbucks Corporation (NASDAQ:SBUX). Teacher Retirement Systems Of Texas holds 0.24% in Starbucks Corporation (NASDAQ:SBUX) or 627,460 shares. Chem Commercial Bank owns 8,253 shares. Arcadia Inv Mgmt Corp Mi invested 3.07% in Starbucks Corporation (NASDAQ:SBUX). Naples Glob Advisors Ltd Llc has 0.09% invested in Starbucks Corporation (NASDAQ:SBUX). Buckingham Asset Mgmt Ltd holds 0.21% in Starbucks Corporation (NASDAQ:SBUX) or 19,038 shares. Pacific Inv Management holds 0.31% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 23,680 shares. Ckw Group invested in 2,080 shares. De Burlo Grp reported 47,000 shares stake. Vanguard Group Inc has 96.09 million shares for 0.24% of their portfolio. Tru Comm Of Vermont holds 0.76% or 139,582 shares in its portfolio.

Since January 31, 2018, it had 0 insider buys, and 3 selling transactions for $13.62 million activity. BURROWS CLIFFORD sold $9.28 million worth of Starbucks Corporation (NASDAQ:SBUX) on Wednesday, January 31. 59,838 shares were sold by WEATHERUP CRAIG, worth $3.60M.

The stock of Starbucks Corporation (NASDAQ:SBUX) registered a decrease of 24.25% in short interest. SBUX’s total short interest was 26.11M shares in July as published by FINRA. Its down 24.25% from 34.46M shares, reported previously. With 8.67 million shares average volume, it will take short sellers 3 days to cover their SBUX’s short positions. The short interest to Starbucks Corporation’s float is 1.89%.

The stock decreased 0.56% or $0.28 during the last trading session, reaching $50.14. About 8.94 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since July 12, 2017 and is downtrending. It has underperformed by 20.49% the S&P500.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company has market cap of $69.19 billion. The firm operates in four divisions: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. It has a 16.45 P/E ratio. The Company’s stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, juices, and bottled water; an assortment of fresh food and snack offerings; and various food products, such as pastries, breakfast sandwiches, and lunch items, as well as beverage-making equipment and accessories.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Among 24 analysts covering Starbucks Corp (NASDAQ:SBUX), 11 have Buy rating, 0 Sell and 13 Hold. Therefore 46% are positive. Starbucks Corp had 37 analyst reports since January 16, 2018 according to SRatingsIntel. As per Friday, January 26, the company rating was maintained by William Blair. Piper Jaffray maintained the stock with “Buy” rating in Friday, January 26 report. The company was maintained on Friday, January 26 by Barclays Capital. The stock has “Buy” rating by UBS on Monday, May 21. The rating was maintained by Cowen & Co on Friday, January 19 with “Buy”. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Neutral” rating given on Wednesday, June 20 by Mizuho. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Hold” rating by Barclays Capital on Tuesday, January 16. The stock has “Buy” rating by RBC Capital Markets on Friday, January 26. The firm has “Hold” rating by BTIG Research given on Wednesday, June 20. The company was maintained on Friday, January 26 by Credit Suisse.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Seekingalpha.com which released: “When To Buy Starbucks” on July 09, 2018, also Seekingalpha.com with their article: “Starbucks: 2.7% Yield And 20% Dividend Growth” published on June 21, 2018, Nasdaq.com published: “Starbucks’ Dividend Increase Comes Early: What You Need to Know” on June 25, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Seekingalpha.com and their article: “Starbucks Valuation: When To Catch This Falling Knife” published on June 26, 2018 as well as Seekingalpha.com‘s news article titled: “Upgrading Starbucks On Negative Sentiment, Stock Weakness” with publication date: June 29, 2018.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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