Canada Pension Plan Investment Board Upped Its Position in Starbucks Corp Com (NASDAQ:SBUX) as Price Rose

May 16, 2018 - By Jason Dias

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 increased. 423 increased positions while 114 funds took positions. Funds hold 983.38 million shares thus 1.10% more from 2017Q3’s 972.68 million shares. Brown Advisory Securities Ltd Liability holds 61,840 shs or 0.69% of its capital. Hhr Asset Mgmt Llc has 1.29M shs. Moors & Cabot Inc invested in 0.38% or 49,974 shs. State Of New Jersey Common Pension Fund D owns 120,000 shs for 0.03% of their capital. Thrivent Finance For Lutherans holds 119,722 shs. The Ontario – Canada-based Canada Pension Plan Investment Board has invested 0.23% in Starbucks Corporation (NASDAQ:SBUX). Spears Abacus Advisors Limited Company has invested 0.15% in Starbucks Corporation (NASDAQ:SBUX). Korea Inv has 1.02M shs. Btr Capital holds 0.36% in Starbucks Corporation (NASDAQ:SBUX) or 31,945 shs. Waddell Reed Fincl stated it has 0.09% in Starbucks Corporation (NASDAQ:SBUX). Pillar Pacific Management Ltd Liability holds 0.45% in Starbucks Corporation (NASDAQ:SBUX) or 64,407 shs. Loring Wolcott & Coolidge Fiduciary Llp Ma has invested 1.93% in Starbucks Corporation (NASDAQ:SBUX). Twin Tree Mngmt Ltd Partnership invested 0.03% of its capital in Starbucks Corporation (NASDAQ:SBUX). Wellington Shields Cap Ltd Limited Liability Company has 0.12% invested in Starbucks Corporation (NASDAQ:SBUX). Moreover, Nordea Invest Mngmt Ab has 0.2% invested in Starbucks Corporation (NASDAQ:SBUX) for 1.48M shs.

SBUX had 3 insider sales and 0 insider buys since January 31, 2018. This’s net activity of $13.62 million. Shares for $740,851 were sold by ULLMAN MYRON E III on Monday, March 12. On Tuesday, March 13 WEATHERUP CRAIG sold $3.60M worth of Starbucks Corporation (NASDAQ:SBUX) or 59,838 shs.

According to 2018Q1 SEC regulatory report Canada Pension Plan Investment Board upped its stake in Starbucks Corp Com (NASDAQ:SBUX) by 18.87%. Starbucks Corp Com (NASDAQ:SBUX) rose 0.28% while stock markets declined as Canada Pension Plan Investment Board bought 397,500 shares. Canada Pension Plan Investment Board’s position was valued at $144.93M for 2.50 million shares. It’s up from 2.11 million last quarter. $78.87B is the Starbucks Corp Com’s market cap. SBUX is touching $57.15 during the last trading session, after increased 0.90%.Currently Starbucks Corporation is uptrending after 0.40% change in last May 17, 2017. SBUX has 4.26 million shares volume. SBUX underperformed the S&P 500 by 11.15%.

According to the regulatory report Canada Pension Plan Investment Board’s stake in Sl Green Rlty Corp Com (NYSE:SLG) was decreased by 287,100 shares to 193,811 shares valued at $18.77M in 2018Q1. It operates about $59.34B US longs. Canada Pension Plan Investment Board cut its stake in Alleghany Corp Del Com (NYSE:Y) and reduced Sina Corp Ord (NASDAQ:SINA) position by 155,670 shares for a total of 40 shares.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Total analysts of 18 have positions in Starbucks Corp (NASDAQ:SBUX) as follows: 11 rated it a “Buy”, 0 with “Sell” and 7 with “Hold”. The positive are 61%. Since December 21, 2017 according to StockzIntelligence Inc Starbucks Corp has 26 analyst reports. On Friday, January 26 Barclays Capital maintained Starbucks Corporation (NASDAQ:SBUX) with “Hold” rating. On Friday, January 26 the company was maintained by Oppenheimer. The stock rating was maintained by Credit Suisse with “Hold” on Friday, January 26. On Thursday, December 21 the rating was maintained by RBC Capital Markets with “Buy”. On Friday, January 26 the company was maintained by Piper Jaffray. In Friday, April 13 report Cowen & Co downgraded the stock to “Market Perform” rating. On Friday, January 26 the firm has “Buy” rating by Nomura given. On Thursday, January 25 the firm has “Hold” rating by BMO Capital Markets given. On Friday, January 26 the stock of Starbucks Corporation (NASDAQ:SBUX) has “Outperform” rating given by William Blair. The company rating was downgraded by Mizuho on Thursday, February 1.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide.The firm is valued at $78.87 billion. 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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