Starbucks Corp Com (NASDAQ:SBUX) Shareholder Canada Pension Plan Investment Board Upped Position by $22.66 Million as Price Rose

May 16, 2018 - By Darrin Badillo

Starbucks Corporation (NASDAQ:SBUX) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.05. That’s change of 0.08, from 2017Q3’s 0.97. 63 investors sold all, 449 reduced holdings as SBUX ratio is positive. 423 rose positions while 114 funds acquired positions. Funds hold 983.38 million shares thus 1.10% more from 2017Q3’s 972.68 million shares. Kcm Invest Advsrs Ltd Liability Com invested 0.47% in Starbucks Corporation (NASDAQ:SBUX). Rosenblum Silverman Sutton S F Ca owns 1.51% invested in Starbucks Corporation (NASDAQ:SBUX) for 73,150 shs. Wg Shaheen & Associates Dba Whitney & accumulated 58,870 shs. 4.73 million were accumulated by Principal Financial Group Incorporated Incorporated. Finemark Comml Bank & holds 183,792 shs. Pictet Asset Ltd accumulated 1.84 million shs. Roffman Miller Associate Inc Pa holds 317,101 shs or 2.25% of its capital. Alpha Windward Lc holds 0.1% in Starbucks Corporation (NASDAQ:SBUX) or 3,021 shs. First Foundation holds 0.08% of its capital in Starbucks Corporation (NASDAQ:SBUX) for 24,296 shs. King Luther Corp has invested 0.04% in Starbucks Corporation (NASDAQ:SBUX). Triangle Securities Wealth Mgmt holds 0.33% of its capital in Starbucks Corporation (NASDAQ:SBUX) for 10,034 shs. New England Private Wealth Advsrs Ltd Liability Corporation owns 0.16% invested in Starbucks Corporation (NASDAQ:SBUX) for 9,636 shs. Chemung Canal Trust has 0.05% invested in Starbucks Corporation (NASDAQ:SBUX) for 4,180 shs. Stralem And holds 3.4% or 348,915 shs. Lowe Brockenbrough And Co owns 36,345 shs.

SBUX had 3 selling transactions and 0 insider buys since January 31, 2018. This’s net activity of $13.62 million. 59,838 shs were sold by WEATHERUP CRAIG, worth $3.60 million. The insider BURROWS CLIFFORD sold 162,826 shs worth $9.28 million.

According to 2018Q1 Securities and Exchange report Canada Pension Plan Investment Board upped its stake in Starbucks Corp Com (NASDAQ:SBUX) by 18.87%. 397,500 shares were bought by Canada Pension Plan Investment Board as Starbucks Corp Com (NASDAQ:SBUX) stock rose 0.28% while stock markets declined. In 2018Q1, Canada Pension Plan Investment Board held 2.50 million shares of Starbucks Corp Com (NASDAQ:SBUX), valued at $144.93 million, up from 2.11M last quarter. $78.87 billion is the MC of Starbucks Corp Com. Ticker’s shares touched $57.15 during the last trading session after 0.90% change.Starbucks Corporation has volume of 4.26 million shares. Since May 17, 2017 SBUX has risen 0.40% and is uptrending. SBUX underperformed the S&P500 by 11.15%.

Canada Pension Plan Investment Board manages about $59.34B US longs. According to a filing the fund reduced its stake in Newmont Mining Corp Com (NYSE:NEM) by 683,286 shares to 1.94M shares, valued at $75.98M in 2018Q1. Canada Pension Plan Investment Board cut its stake in Prologis Inc Com (NYSE:PLD) and reduced Aes Corp Com (NYSE:AES) position by 1.14 million shares for a total of 1.14 million shares.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

In total 18 analysts cover Starbucks Corp (NASDAQ:SBUX). “Buy” rating has 11, “Sell” are 0, while 7 are “Hold”. 61% are bullish. 26 are the (NASDAQ:SBUX)’s analyst reports since December 21, 2017 according to StockzIntelligence Inc. On Monday, January 29 the firm earned “Hold” rating by Bernstein. On Thursday, January 25 the rating was maintained by BMO Capital Markets with “Hold”. On Friday, January 26 Piper Jaffray maintained Starbucks Corporation (NASDAQ:SBUX) rating. Piper Jaffray has “Buy” rating and $70.0 target. On Friday, January 26 RBC Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) rating. RBC Capital Markets has “Buy” rating and $65.0 target. On Thursday, February 1 the company was downgraded by Mizuho. On Thursday, March 29 the stock has “Neutral” rating by Wedbush. On Friday, March 9 the stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given by UBS. On Friday, January 26 the stock has “Outperform” rating by Oppenheimer. The company rating was maintained by Robert W. Baird on Tuesday, January 2. On Friday, April 13 the firm has “Market Perform” rating by Cowen & Co given.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide.The company has $78.87 billion market cap. The firm operates in four divisions: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development.18.95 is the 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) Institutional Investors Chart

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