Hap Trading Lowered Starbucks (SBUX) Position; Fresh Del Monte Produce (FDP)’s Sentiment Is 1.11

February 19, 2018 - By Adrian Mccoy

Hap Trading Llc decreased Starbucks Corp (SBUX) stake by 65.04% reported in 2017Q3 SEC filing. Hap Trading Llc sold 210,543 shares as Starbucks Corp (SBUX)’s stock rose 6.99%. The Hap Trading Llc holds 113,157 shares with $6.08M value, down from 323,700 last quarter. Starbucks Corp now has $79.39B valuation. The stock decreased 0.18% or $0.1 during the last trading session, reaching $56.48. About 10.15M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 19, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Fresh Del Monte Produce Inc., together with its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruit and vegetables worldwide. The company has market cap of $2.32 billion. It offers fresh produce products consisting of bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, and cucumbers; and various other fruits, such as strawberries, plantains, and mangos. It has a 17.23 P/E ratio. The firm also provides prepared food products comprising prepared fruits and vegetables, juices, other beverages, snacks, poultry, and meat products.

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. As per Friday, October 30, the company rating was maintained by RBC Capital Markets. The rating was maintained by UBS on Wednesday, June 28 with “Buy”. On Friday, August 28 the stock rating was downgraded by Vetr to “Strong-Buy”. The company was maintained on Friday, January 26 by William Blair. BMO Capital Markets downgraded Starbucks Corporation (NASDAQ:SBUX) on Wednesday, August 9 to “Market Perform” rating. The firm earned “Buy” rating on Friday, January 26 by Nomura. Jefferies maintained the shares of SBUX in report on Friday, July 28 with “Buy” rating. The firm earned “Buy” rating on Monday, June 5 by Robert W. Baird. UBS maintained the stock with “Buy” rating in Friday, July 24 report. The stock has “Buy” rating by Cowen & Co on Tuesday, October 10.

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.24, from 1.21 in 2017Q2. It worsened, 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. Stephens Mngmt Ltd Liability Corporation invested in 0% or 680 shares. New York-based Valicenti Advisory Svcs has invested 1.81% in Starbucks Corporation (NASDAQ:SBUX). Vision has invested 1.53% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). North Amer Mngmt Corporation accumulated 212,855 shares or 1.8% of the stock. Moreover, Aldebaran Financial Inc has 1.39% invested in Starbucks Corporation (NASDAQ:SBUX) for 37,561 shares. Penobscot Invest stated it has 6,758 shares. Newfocus Fincl Grp Inc Incorporated Limited Liability Co accumulated 6,456 shares. Peloton Wealth Strategists reported 2.46% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Coldstream Capital Inc holds 1.31% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 209,391 shares. South Texas Money Mngmt Limited holds 21,784 shares. California-based Whittier has invested 0.65% in Starbucks Corporation (NASDAQ:SBUX). Warren Averett Asset Limited Liability Com holds 5,818 shares or 0.07% of its portfolio. Lincoln Cap has 153,226 shares for 5.08% of their portfolio. Huntington Steele Lc reported 0.13% stake. Honeywell Inc holds 709,062 shares.

Since September 7, 2017, it had 0 insider buys, and 3 sales for $13.98 million activity. Another trade for 64,776 shares valued at $3.47M was sold by CULVER JOHN. The insider BURROWS CLIFFORD sold 162,826 shares worth $9.28M. $1.23 million worth of stock was sold by ULLMAN MYRON E III on Thursday, September 7.

Hap Trading Llc increased Altaba Inc (Call) stake by 724,500 shares to 1.59 million valued at $16.46 million in 2017Q3. It also upped Snap Inc stake by 37,721 shares and now owns 81,821 shares. Nxp Semiconductors N V (Call) (NASDAQ:NXPI) was raised too.

Dean Capital Management holds 1.82% of its portfolio in Fresh Del Monte Produce Inc. for 85,525 shares. Dean Investment Associates Llc owns 125,780 shares or 0.87% of their US portfolio. Moreover, Baker Ellis Asset Management Llc has 0.75% invested in the company for 62,301 shares. The Florida-based Thomas J. Herzfeld Advisors Inc. has invested 0.62% in the stock. Lingohr & Partner Asset Management Gmbh, a Germany-based fund reported 24,195 shares.

The stock increased 0.28% or $0.13 during the last trading session, reaching $46.56. About 128,416 shares traded. Fresh Del Monte Produce Inc. (FDP) has risen 3.35% since February 19, 2017 and is uptrending. It has underperformed by 13.35% the S&P500.

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