Patten Group Has Trimmed Starbucks (SBUX) Stake By $369,887; Intercontinentalexchange Group (ICE) Sentiment Is 1.05

February 20, 2018 - By Clifton Ray

Patten Group Inc decreased Starbucks Corp (SBUX) stake by 36.07% reported in 2017Q3 SEC filing. Patten Group Inc sold 6,979 shares as Starbucks Corp (SBUX)’s stock rose 6.99%. The Patten Group Inc holds 12,372 shares with $665,000 value, down from 19,351 last quarter. Starbucks Corp now has $78.67 billion valuation. The stock decreased 0.90% or $0.51 during the last trading session, reaching $55.97. About 7.28 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 20, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Israel, Canada, and Singapore. The company has market cap of $42.43 billion. It operates in two divisions, Trading and Clearing, and Data and Listings. It has a 17.22 P/E ratio. The firm operates marketplaces for trading and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

Wall Street Access Asset Management Llc holds 7.32% of its portfolio in Intercontinental Exchange, Inc. for 50,631 shares. Cortland Associates Inc Mo owns 567,097 shares or 7.27% of their US portfolio. Moreover, Eminence Capital Lp has 6.02% invested in the company for 5.41 million shares. The France-based Carmignac Gestion has invested 5.48% in the stock. Three Bays Capital Lp, a Massachusetts-based fund reported 969,730 shares.

The stock increased 1.58% or $1.13 during the last trading session, reaching $72.86. About 4.17 million shares traded or 47.47% up from the average. Intercontinental Exchange, Inc. (ICE) has risen 13.80% since February 20, 2017 and is uptrending. It has underperformed by 2.90% the S&P500.

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.24, from 1.21 in 2017Q2. It fall, as 95 investors sold SBUX shares while 448 reduced holdings. 100 funds opened positions while 428 raised stakes. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. Schmidt P J Mgmt Incorporated stated it has 0.97% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). 15,159 are owned by Brookmont Capital Mngmt. Stephens Mgmt Limited Company has 680 shares for 0% of their portfolio. Price T Rowe Inc Md stated it has 0.07% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Central Bancorp Tru invested in 1.22% or 91,456 shares. Manchester Capital Limited Liability Company has invested 0.07% in Starbucks Corporation (NASDAQ:SBUX). Pennsylvania-based Copeland Cap Mgmt Ltd Company has invested 0.39% in Starbucks Corporation (NASDAQ:SBUX). Manufacturers Life Ins The holds 0.34% or 5.38 million shares in its portfolio. M&R Capital Mngmt reported 860 shares. 139,522 are owned by Cypress Capital Group. Exane Derivatives stated it has 19,789 shares. Assetmark invested 0% in Starbucks Corporation (NASDAQ:SBUX). Piedmont Advsrs Ltd Limited Liability Company has invested 0.35% in Starbucks Corporation (NASDAQ:SBUX). Acropolis Invest Mgmt Limited Com invested in 6,471 shares or 0.05% of the stock. Webster Fincl Bank N A holds 0% or 350 shares.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Starbucks Corporation had 100 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Friday, July 28 with “Buy”. The rating was maintained by UBS with “Buy” on Wednesday, June 28. The stock has “Buy” rating by UBS on Friday, July 24. The company was maintained on Tuesday, June 13 by RBC Capital Markets. The rating was upgraded by Wedbush on Friday, August 25 to “Outperform”. The stock has “Buy” rating by BMO Capital Markets on Tuesday, June 13. On Friday, July 28 the stock rating was maintained by Cowen & Co with “Buy”. As per Monday, September 4, the company rating was maintained by Stifel Nicolaus. The rating was downgraded by Stifel Nicolaus on Friday, July 28 to “Hold”. Jefferies maintained the shares of SBUX in report on Friday, December 22 with “Buy” rating.

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