Bronfman EL Rothschild LP Buys 1676 Shares of Starbucks Co. (NASDAQ:SBUX)

Herbert Rhodes
January 28, 2018

Edgewood Management LLC increased its holdings in shares of Starbucks Co.

Perella Weinberg Partners Capital Management Lp, which manages about $9.69B and $1.19B US Long portfolio, decreased its stake in Gilead Sciences Inc (NASDAQ:GILD) by 6,028 shares to 6,928 shares, valued at $561,000 in 2017Q3, according to the filing.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 4.98%, and has a solid year to date (YTD) performance of 5.43% which means that the stock is constantly adding to its value from the previous fiscal year end price. Bronfman E.L. Rothschild L.P.'s holdings in Starbucks were worth $1,465,000 as of its most recent SEC filing. It also reduced its holding in United Technologies Corp (NYSE:UTX) by 9,525 shares in the quarter, leaving it with 98,005 shares, and cut its stake in Western Alliance Bancorp (NYSE:WAL). Finally, Integrated Investment Consultants LLC increased its position in Starbucks 2.5% in the second quarter. Deutsche Comml Bank Ag invested in 13,905 shares or 0% of the stock. Finally, Horan Capital Advisors LLC. bought a new stake in shares of Starbucks during the 3rd quarter valued at $131,000.

When looking at the investment recommendation on say a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell), SBUX is given a 2.10 while 2.70 placed for HA. Stephens reiterated an "equal weight" rating and issued a $52.00 target price (down previously from $58.00) on shares of Starbucks in a research report on Friday, September 29th. NC now owns 133,864 shares of the coffee company's stock worth $7,806,000 after acquiring an additional 32,715 shares during the last quarter. Merit Medical had 18 analyst reports since October 23, 2015 according to SRatingsIntel. 115.08 million shares or 8.34% more from 106.22 million shares in 2017Q2 were reported. They noted that the move was a valuation call. Piper Jaffray maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, November 3 with "Buy" rating. BMO Capital Markets maintained the stock with "Buy" rating in Tuesday, June 13 report. The stock of Starbucks Corporation (NASDAQ:SBUX) has "Buy" rating given on Thursday, January 25 by Robert W. Baird. BTIG Research has "Buy" rating and $64 target. Metropolitan Life holds 0.25% in Starbucks Corporation (NASDAQ:SBUX) or 744,438 shares. The stock has a market capitalization of $79,020.00, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93.

There's is plenty of buzzing on Starbucks from Wall Street this morning, including Goldman Sachs removing the stock from its Conviction List.

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The company's Average Earnings Estimate for the Current Fiscal quarter is $0.68, according to consensus of 11 analysts. Analysts had expected $0.57 per share on revenues of $6.204 billion.

Starbucks also opened 700 net new stores globally in the quarter, and now features a footprint of 28,039 restaurants in 76 markets. Royal Caribbean's onboard revenue, which makes up more than one-fourth of its total revenue, surged 5 percent to 584.1 million in the quarter.

Starbucks Corp (NASDAQ:SBUX) has warned that global sales growth for the year would be at the bottom end of its guidance following a disappointing first quarter. Investors of record on Thursday, November 17th were paid a dividend of $0.25 per share. Sterling Mgmt Ltd Co owns 0% invested in Starbucks Corporation (NASDAQ:SBUX) for 8,238 shares. Starbucks's dividend payout ratio is presently 39.60%. A failure in the fast-food business has tamped down Starbucks. The shares recently went down by -0.46% or -$0.28 and now trades at $60.55. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. American Century, a Missouri-based fund reported 1.19M shares. The stock was sold at an average price of $57.61, for a total transaction of $3,627,471.26. The disclosure for this sale can be found here.

Starbucks Corporation has a simple moving average of 2.48% in its last 20 days.

TRADEMARK VIOLATION WARNING: "Starbucks Co. (SBUX)" was reported by BBNS and is owned by of BBNS. If you are accessing this piece of content on another website, it was stolen and reposted in violation of USA & worldwide copyright law. The original version of this piece can be accessed at Hawk Ridge Cap Limited Partnership reported 2.32% in Cross Country Healthcare, Inc. Analysts soured on holiday sales that showed sales growth of 2% in the Americas, 1% in China and Pacific, and a 1% dip in Europe, the Middle East, and Africa.

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