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Osher Van De Voorde Investment Management Increases Position in Starbucks Corp (SBUX)

26 January 2018

The company has market cap of $12.05 billion. Vanguard Group Inc. now owns 94,417,613 shares of the coffee company's stock valued at $5,505,491,000 after purchasing an additional 1,953,003 shares in the last quarter. Moreover, Glenview Capital Management Llc has 6.07% invested in the company for 11.72 million shares. Rice Midstream Partners LP (NYSE:RMP) has risen 42.06% since January 24, 2017 and is uptrending. It has underperformed by 5.55% the S&P500.

Osher Van De Voorde Investment Management increased its stake in Starbucks Corp (SBUX) by 760.79% based on its latest 2017Q3 regulatory filing with the SEC. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. The institutional investor held 33,033 shares of the restaurants company at the end of 2017Q3, valued at $1.77 million, down from 41,069 at the end of the previous reported quarter. Ramsay Stattman Vela & Price Inc who had been investing in Starbucks Corp. for a number of months, seems to be bullish on the $86.55B market cap company. SBUX has diverse figures for different time frames; starting from week's performance it is giving positive returns of 1.67% in last five regular trading sessions. About 11.91M shares traded or 30.87% up from the average. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. It has underperformed by 4.22% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 2 insider sales for $1.22 million activity. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. The firm has "Buy" rating given on Monday, November 2 by Needham. UBS maintained the shares of SBUX in report on Friday, October 30 with "Buy" rating. The rating was maintained by First Analysis on Tuesday, January 17 with "Overweight".

The stock of Starbucks Corporation and Groupon, Inc. were two of the most active stocks on Tuesday.

Investors sentiment decreased to 0.69 in Q3 2017. Its up 0.59, from 0.99 in 2017Q2. Any way you dice it, a dip below $5.43 a share would be very bad news for BV's technical picture in the near-term. 118 funds opened positions while 525 raised stakes. Profund Limited Co stated it has 0.02% of its portfolio in NuVasive, Inc. Ares Management Llc, a California-based fund reported 1.06 million shares. Putnam Invests holds 0% or 26,319 shares. Great West Life Assurance Com Can invested 0.01% in Cambrex Corporation (NYSE:CBM). Bb&T Securities Ltd Liability invested in 122,527 shares or 0.06% of the stock. Meiji Yasuda Asset Management Co Ltd. now owns 92,401 shares of the coffee company's stock worth $5,388,000 after buying an additional 10,250 shares in the last quarter. Tiedemann Wealth Mngmt holds 0.16% or 24,250 shares in its portfolio. Buckhead Capital Management Llc owns 356,642 shares or 0.72% of their U.S. portfolio. Franklin Res accumulated 3.31 million shares. 528,163 are held by Kennedy. Groesbeck Investment Mgmt Corporation Nj accumulated 35,102 shares.

Saratoga Research & Investment Management, which manages about $1.40B and $1.31B US Long portfolio, decreased its stake in Wal (NYSE:WMT) by 12,360 shares to 906,198 shares, valued at $70.81M in 2017Q3, according to the filing. The France-based Credit Agricole S A has invested 0.25% in Starbucks Corporation (NASDAQ:SBUX). Therefore 24% are positive.

Analysts await FMC Corporation (NYSE:FMC) to report earnings on February, 5. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, January 15. The rating was maintained by Wedbush with "Outperform" on Wednesday, September 28. Cowen & Co maintained the stock with "Buy" rating in Wednesday, September 6 report. The stock of Starbucks Corporation (NASDAQ:SBUX) earned "Hold" rating by Barclays Capital on Tuesday, January 16. The stock has "Buy" rating by Jefferies on Friday, December 22. Analyst's mean target price for SBUX is $63.46 while analysts mean recommendation is 2.10. The firm has "Outperform" rating given on Friday, April 21 by CLSA.

In related news, insider Howard D. Schultz sold 290,176 shares of Starbucks stock in a transaction on Wednesday, November 15th.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment.

The firm has current ratio of 1.30 that indicates firm has capacity of total assets to cover its short-term and long term obligations.

A number of other large investors have also recently bought and sold shares of the business.

New York State Common Retirement Fund reduced its position in Starbucks Co. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. Fagan Assoc Inc holds 2.07% or 78,090 shares in its portfolio. About 1.82M shares traded or 55.27% up from the average. Buckingham Research initiated Starbucks Corporation (NASDAQ:SBUX) on Monday, November 21 with "Neutral" rating. Alpha Cubed Limited Liability invested in 0.38% or 46,442 shares.

Investors are definitely paying attention to what analysts over at Wall Street are now thinking about the shares of The Coca-Cola Company Looking further into the current agreement on broker rating, it is very clear that the ABR stands at 3.80. State Of Wisconsin Inv Board holds 0.02% or 143,360 shares. Bnp Paribas Asset Mgmt holds 781,702 shares or 0.36% of its portfolio. It also reduced its holding in Abbott Laboratories (NYSE:ABT) by 14,269 shares in the quarter, leaving it with 1.64 million shares, and cut its stake in Walt Disney Company (NYSE:DIS).

Since September 7, 2017, it had 0 buys, and 2 insider sales for $4.70 million activity. The shares were sold at an average price of $57.61, for a total transaction of $3,627,471.26.

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