March 22, 2018

Harrington Investments INC Acquires New Holdings in Starbucks Co. (SBUX)

14 January 2018, 11:09 | Cesar Cruz

Starbucks (NASDAQ:SBUX)'s stock had its "buy" rating reaffirmed by investment analysts at Piper Jaffray Companies in a research report issued to clients and investors on Friday, January 5th. The coffee company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. The stock increased 1.27% or $0.25 during the last trading session, reaching $19.94. But for traders like me that see a lid on the share price, with earnings in early February I like the duration of this butterfly as it allows for a bit of additional time after the earnings event for shares to settle in near the sweet spot.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on January, 25. It has underperformed by 10.02% the S&P500.

Covington Capital Management decreased Starbucks Corp (SBUX) stake by 9.18% reported in 2017Q3 SEC filing. Healthcor Management Lp bought 812,329 shares as the company's stock declined 25.01% while stock markets rallied. The institutional investor held 143,000 shares of the telecommunications equipment company at the end of 2017Q3, valued at $7.23M, up from 5,600 at the end of the previous reported quarter. Cypress Capital Group who had been investing in Starbucks Corp for a number of months, seems to be less bullish one the $85.94B market cap company. The stock price closed last trading at $59.31. 6,980,995 shares of the stock traded hands, compared to its average volume of 8,310,000. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since January 13, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Since September 7, 2017, it had 0 insider buys, and 2 sales for $4.70 million activity. $1.23 million worth of Starbucks Corporation (NASDAQ:SBUX) was sold by ULLMAN MYRON E III. Eight investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. Therefore 65% are positive. The rating was upgraded by Wolfe Research to "Outperform" on Wednesday, March 9. The company was maintained on Friday, July 22 by Goldman Sachs. Finally, Vetr downgraded shares of Starbucks from a "strong-buy" rating to a "buy" rating and set a $64.32 price target for the a research note on Monday, November 13th. Jefferies maintained it with "Hold" rating and $18.0 target in Wednesday, August 30 report. The company was maintained on Wednesday, March 9 by Credit Suisse. The stock now has an average rating of "Buy" and a consensus target price of $64.28. It also reduced its holding in Bioverativ Inc by 2.33 million shares in the quarter, leaving it with 4.15 million shares, and cut its stake in Allergan Plc (Call).

Investors sentiment decreased to 0.97 in 2017 Q3.

ATR value of the company was 1.02 and Relative Strength Index (RSI) was 66.37. 100 funds opened positions while 428 raised stakes. Vontobel Swiss Wealth Advisors AG now owns 36,476 shares of the coffee company's stock worth $1,959,000 after acquiring an additional 2,314 shares in the last quarter. (NASDAQ:SGYP), its shares were trading at $2.3 a gain of $0.06, on the trading floor. Sandler O'Neill downgraded the shares of STT in report on Tuesday, September 6 to "Hold" rating. Moreover, Wolverine Asset Limited Company has 0.11% invested in Starbucks Corporation (NASDAQ:SBUX) for 184,508 shares. Quantbot Techs LP has invested 0.4% in Starbucks Corporation (NASDAQ:SBUX). Seabridge Ltd Liability Co holds 0% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 300 shares. Capital Guardian accumulated 1.32 million shares or 1.23% of the stock. Advsrs Asset Mgmt reported 0.07% in Cerner Corporation (NASDAQ:CERN). Pacific Ridge Ptnrs Limited Liability Company stated it has 29,039 shares or 0.24% of all its holdings. State Of Alaska Department Of Revenue, a Alaska-based fund reported 1,786 shares. Lehman Fincl Resources, Pennsylvania-based fund reported 7,810 shares. Winch Advisory Limited reported 355 shares or 0.01% of all its holdings. 37,095 were reported by Budros Ruhlin Roe. (NASDAQ:ZEUS). Foundry Ptnrs Ltd Liability has invested 0.21% in Olympic Steel, Inc. Korea Corporation reported 0.19% stake. For the last quarter, the company's quarterly EPS was $0.55. SBUX's profit would be $810.99M giving it 26.49 P/E if the $0.57 EPS is correct. After $1.03 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 15.53% EPS growth.

Twenty-First Century Fox Inc (NASDAQ:FOXA) Short Interest Update
Boston Family Office Llc decreased Gilead Sciences Inc (NASDAQ:GILD) stake by 3,870 shares to 114,589 valued at $9.28M in 2017Q3. Now have a look at past performance (weekly performance to year to date performance) how Twenty-First Century Fox, Inc .

Investors sentiment decreased to 0.97 in 2017 Q3. Its up 0.11, from 0.87 in 2017Q2. 106.11 million shares or 3.88% more from 102.14 million shares in 2017Q2 were reported. Congress Asset Mngmt Ma holds 0.15% or 182,329 shares in its portfolio. Geode Capital Mngmt Ltd Liability Company accumulated 635,907 shares or 0.02% of the stock.

First Financial Bank - Trust Division, which manages about $590.72M US Long portfolio, upped its stake in Vanguard (VTV) by 4,842 shares to 148,816 shares, valued at $14.86M in 2017Q3, according to the filing. Bridges Management stated it has 62,433 shares. Sumitomo Life Ins Comm owns 66,610 shares or 0.46% of their U.S. portfolio. Strs Ohio owns 0% invested in Autodesk, Inc.

State Street Corporation, through its subsidiaries, provides a range of financial services and products to institutional investors worldwide. (NASDAQ:ZEUS). Leucadia National Corp holds 12,548 shares or 0.02% of its portfolio. It dropped, as 43 investors sold CVX shares while 696 reduced holdings. Jefferies Grp Limited accumulated 27,857 shares or 0.02% of the stock. Axa, France-based fund reported 12,239 shares. Morgan Stanley holds 0.58% or 16.41M shares.

Among 3 analysts covering Olympic Steel Inc (NASDAQ:ZEUS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive.

Other equities analysts have also recently issued reports about the company. The rating was maintained by Barclays Capital with "Overweight" on Thursday, September 24. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with "Hold". Insiders sold 497,808 shares of company stock valued at $28,559,521 in the last 90 days. The firm earned "Buy" rating on Monday, July 24 by Oppenheimer. The stock has "Neutral" rating by Buckingham Research on Monday, November 21. The firm has "Buy" rating by Deutsche Bank given on Monday, May 15. BURKE ZANE M sold 94,000 shares worth $6.34 million.

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