Contrarius Investment Management LTD Has Trimmed By $2.33 Million Its Franklin Res (BEN) Holding; Motley Fool Wealth Management Trimmed By $528,219 Its Starbucks (SBUX) Stake

May 20, 2018 - By Vivian Currie

Franklin Resources, Inc. (NYSE:BEN) Logo

Contrarius Investment Management Ltd decreased Franklin Res Inc (BEN) stake by 9.66% reported in 2017Q4 SEC filing. Contrarius Investment Management Ltd sold 54,076 shares as Franklin Res Inc (BEN)’s stock declined 14.35%. The Contrarius Investment Management Ltd holds 505,614 shares with $21.91M value, down from 559,690 last quarter. Franklin Res Inc now has $18.43B valuation. The stock increased 0.21% or $0.07 during the last trading session, reaching $34.11. About 2.75 million shares traded. Franklin Resources, Inc. (NYSE:BEN) has declined 8.47% since May 20, 2017 and is downtrending. It has underperformed by 20.02% the S&P500.

Motley Fool Wealth Management Llc decreased Starbucks Corp (SBUX) stake by 1.61% reported in 2017Q4 SEC filing. Motley Fool Wealth Management Llc sold 9,267 shares as Starbucks Corp (SBUX)’s stock rose 0.28%. The Motley Fool Wealth Management Llc holds 565,039 shares with $32.45 million value, down from 574,306 last quarter. Starbucks Corp now has $78.88 billion valuation. The stock decreased 0.07% or $0.04 during the last trading session, reaching $57.16. About 6.84M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 0.40% since May 20, 2017 and is uptrending. It has underperformed by 11.15% the S&P500.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Starbucks Corporation had 106 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, June 13. BMO Capital Markets maintained it with “Outperform” rating and $64 target in Friday, July 28 report. The rating was maintained by Bernstein with “Buy” on Wednesday, June 28. As per Friday, July 28, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating given on Friday, July 24 by RBC Capital Markets. Barclays Capital maintained it with “Hold” rating and $65.0 target in Tuesday, January 16 report. The firm has “Overweight” rating given on Friday, November 10 by Morgan Stanley. The rating was maintained by Piper Jaffray on Friday, July 28 with “Buy”. The firm earned “Hold” rating on Thursday, September 3 by Zacks. The firm has “Outperform” rating given on Friday, January 26 by William Blair.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.08, from 0.97 in 2017Q3. It increased, as 63 investors sold SBUX shares while 449 reduced holdings. 114 funds opened positions while 423 raised stakes. 983.38 million shares or 1.10% more from 972.68 million shares in 2017Q3 were reported. Jag Capital Mgmt Ltd Liability Company holds 0.49% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 45,110 shares. Howland Capital Management Limited Liability Corporation reported 3,623 shares or 0.02% of all its holdings. Maple Management invested in 124,410 shares or 1.84% of the stock. Ameritas Inv Prtnrs invested in 91,409 shares. Franklin Street Nc owns 117,809 shares for 1.01% of their portfolio. Jones Financial Lllp invested in 0% or 21,517 shares. Andra Ap accumulated 173,393 shares. New England Private Wealth Limited Com has 9,636 shares for 0.16% of their portfolio. Paloma Partners Management reported 28,704 shares. First Amer Financial Bank has invested 0.09% in Starbucks Corporation (NASDAQ:SBUX). First Bank Of Hutchinson, a Kansas-based fund reported 9,781 shares. 1.56M were accumulated by Ci Global Invests. Optimum Investment Advsr stated it has 0.41% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Toth Financial Advisory, a Virginia-based fund reported 7,362 shares. 157,912 were reported by Counselors.

Motley Fool Wealth Management Llc increased Guggenheim Bulletshares 2018 Corporate Bond Etf (BSCI) stake by 92,753 shares to 1.32M valued at $27.77M in 2017Q4. It also upped Genesee & Wyoming Inc (NYSE:GWR) stake by 4,065 shares and now owns 63,806 shares. American Woodmark Corp (NASDAQ:AMWD) was raised too.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Seekingalpha.com which released: “Starbucks: Capital Allocation In Question” on May 14, 2018, also Nasdaq.com with their article: “Buy, Sell or Hold Starbucks Corporation (SBUX) Stock Into Earnings?” published on April 26, 2018, Seekingalpha.com published: “Penney: This Growth Killer Is Hurting Starbucks” on May 14, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Seekingalpha.com and their article: “Starbucks: Market Underrating Nestle Alliance” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “Starbucks: Buy Or Hold?” with publication date: May 08, 2018.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on July, 26. They expect $0.65 earnings per share, up 18.18% or $0.10 from last year’s $0.55 per share. SBUX’s profit will be $897.00M for 21.98 P/E if the $0.65 EPS becomes a reality. After $0.53 actual earnings per share reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts 22.64% EPS growth.

Since January 31, 2018, it had 0 buys, and 3 insider sales for $13.62 million activity. Another trade for 162,826 shares valued at $9.28M was sold by BURROWS CLIFFORD. On Tuesday, March 13 the insider WEATHERUP CRAIG sold $3.60M. $740,851 worth of stock was sold by ULLMAN MYRON E III on Monday, March 12.

Analysts await Franklin Resources, Inc. (NYSE:BEN) to report earnings on July, 27. They expect $0.76 EPS, up 4.11% or $0.03 from last year’s $0.73 per share. BEN’s profit will be $410.55M for 11.22 P/E if the $0.76 EPS becomes a reality. After $0.78 actual EPS reported by Franklin Resources, Inc. for the previous quarter, Wall Street now forecasts -2.56% negative EPS growth.

Contrarius Investment Management Ltd increased Tripadvisor Inc (NASDAQ:TRIP) stake by 168,613 shares to 1.35 million valued at $46.50 million in 2017Q4. It also upped Ensco Plc (NYSE:ESV) stake by 2.76 million shares and now owns 11.13 million shares. Macys Inc (NYSE:M) was raised too.

Investors sentiment increased to 0.85 in Q4 2017. Its up 0.01, from 0.84 in 2017Q3. It increased, as 34 investors sold BEN shares while 195 reduced holdings. 61 funds opened positions while 133 raised stakes. 247.49 million shares or 3.08% more from 240.11 million shares in 2017Q3 were reported. Greenleaf has invested 0% in Franklin Resources, Inc. (NYSE:BEN). Evercore Wealth invested in 0.02% or 14,775 shares. State Board Of Administration Of Florida Retirement Sys accumulated 506,312 shares. Pictet Asset Mgmt Limited accumulated 305,873 shares. Aperio Ltd Liability Com invested in 0.04% or 183,348 shares. 18,155 are owned by M&T Retail Bank Corporation. Advantus Capital Mgmt reported 0.04% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Murphy Pohlad Asset Lc invested in 12,935 shares or 0.37% of the stock. First Personal Financial holds 0.02% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 1,773 shares. Wedge Cap Management L Limited Partnership Nc holds 0.28% of its portfolio in Franklin Resources, Inc. (NYSE:BEN) for 716,401 shares. Cubist Systematic Strategies Ltd Liability has invested 0.07% in Franklin Resources, Inc. (NYSE:BEN). Captrust Advsr invested in 9,820 shares. Pensionfund Dsm Netherlands has invested 0.42% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Colony Group Incorporated Ltd Liability Corporation reported 0.01% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). 8,266 were accumulated by Conning.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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