Will Starbucks Most Sizable Shareholders Buy Ahead of Store Expansion?
So far in 2012, Starbucks Corp.’s (NASDAQ:SBUX) shares are up 12.8 percent. The company continues to find success in overseas markets and on Wednesday, the Irish Times reported good numbers from Ireland. Starbucks made a EUR 490,000 profit in the year to October 2011, as compared to a EUR 3.3 million loss in the previous year. The company slashed sales costs and administrative expenses and reversed its previous impairment on assets, attaining a pretax profit of EUR 525,000.
Starbucks plans to expand in Ireland after closing five stores in 2009. Growth has come from licensing arrangements, according to a Starbucks spokesman, and the company’s plans for expansion will include a combination of company-owned and licensed stores.
With its success in Ireland and plans for expansion, will Starbucks’ largest shareholders increase their holdings? institutional firms indicated owning shares of Starbucks Corp. (NASDAQ:SBUX) in Q1 2012. These firms reported owning a total of 567.397 million shares on 03/31/2012 . The shares closed at $55.72 on 03/31/2012.
Here are the ten largest positions in Starbucks Corp. at the end of March 31st, 2012.
Fmr LLC held 53,068,011 shares on 03/31/2012 worth $2,965,971,102.
Price T Rowe Associates Inc /MD/ held 43,770,689 shares on 03/31/2012 worth $2,446,343,781.
Vanguard Group Inc held 30,766,021 shares on 03/31/2012 worth $1,719,512,895.
State Street Corp held 26,477,805 shares on 03/31/2012 worth $1,479,844,505.
Jennison Associates LLC held 23,700,317 shares on 03/31/2012 worth $1,324,610,703.
Capital World Investors held 22,650,000 shares on 03/31/2012 worth $1,265,908,486.
Waddell & Reed Financial Inc held 20,544,821 shares on 03/31/2012 worth $1,148,250,033.
Blackrock Institutional Trust Company N.A. held 19,079,888 shares on 03/31/2012 worth $1,066,374,929.
Marsico Capital Management LLC held 16,555,689 shares on 03/31/2012 worth $925,297,448.
Invesco Ltd. held 13,936,562 shares on 03/31/2012 worth $778,914,442.
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