Starbucks (SBUX) Holder Bright Rock Capital Management Has Boosted Position by $742,000 as Market Valuation Rose; Allstate (ALL) Share Value Rose While Verition Fund Management Has Increased Position

February 22, 2018 - By Darrin Black

Bright Rock Capital Management Llc increased its stake in Starbucks Corp (SBUX) by 17.07% based on its latest 2017Q3 regulatory filing with the SEC. Bright Rock Capital Management Llc bought 14,000 shares as the company’s stock rose 6.99% with the market. The institutional investor held 96,000 shares of the restaurants company at the end of 2017Q3, valued at $5.16 million, up from 82,000 at the end of the previous reported quarter. Bright Rock Capital Management Llc who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $78.85B market cap company. The stock increased 0.23% or $0.13 during the last trading session, reaching $56.1. About 7.85M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 22, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Verition Fund Management Llc increased its stake in Allstate Corp (ALL) by 127.27% based on its latest 2017Q3 regulatory filing with the SEC. Verition Fund Management Llc bought 5,797 shares as the company’s stock rose 4.59% with the market. The hedge fund held 10,352 shares of the property-casualty insurers company at the end of 2017Q3, valued at $951,000, up from 4,555 at the end of the previous reported quarter. Verition Fund Management Llc who had been investing in Allstate Corp for a number of months, seems to be bullish on the $33.16B market cap company. The stock decreased 0.26% or $0.24 during the last trading session, reaching $93.41. About 1.83 million shares traded. The Allstate Corporation (NYSE:ALL) has risen 25.87% since February 22, 2017 and is uptrending. It has outperformed by 9.17% the S&P500.




Since September 7, 2017, it had 0 insider purchases, and 3 insider sales for $13.98 million activity. ULLMAN MYRON E III sold $1.23 million worth of stock. $9.28 million worth of Starbucks Corporation (NASDAQ:SBUX) was sold by BURROWS CLIFFORD.

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. Gabelli Funds Limited Company invested in 312,800 shares or 0.1% of the stock. 7,794 are owned by Intersect Cap Limited Liability Co. Mount Vernon Associates Inc Md invested in 27,865 shares or 2.48% of the stock. Cubist Systematic Strategies Limited Com holds 0.04% in Starbucks Corporation (NASDAQ:SBUX) or 13,805 shares. Mitchell Mngmt Company holds 88,573 shares. Parkside State Bank And Trust stated it has 610 shares. Northstar Asset Lc invested in 1.19% or 50,558 shares. Asset Strategies holds 2.92% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 95,769 shares. First Retail Bank reported 0.74% stake. Pggm Invests reported 229,097 shares. Meiji Yasuda Life Ins invested in 43,778 shares. Sii Invs Wi invested in 22,732 shares or 0.07% of the stock. 1.40M are owned by Ig Inv Management. Wetherby Asset Mgmt stated it has 33,681 shares. Assetmark accumulated 0% or 5,425 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 RBC Capital Markets with “Outperform” on Friday, October 30. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, July 12. Deutsche Bank maintained Starbucks Corporation (NASDAQ:SBUX) on Wednesday, November 2 with “Hold” rating. The rating was maintained by RBC Capital Markets on Friday, September 15 with “Buy”. Deutsche Bank downgraded it to “Hold” rating and $64 target in Tuesday, April 12 report. As per Wednesday, October 19, the company rating was maintained by RBC Capital Markets. Robert W. Baird maintained Starbucks Corporation (NASDAQ:SBUX) on Tuesday, January 2 with “Buy” rating. As per Friday, November 3, the company rating was maintained by BMO Capital Markets. Tigress Financial initiated the shares of SBUX in report on Wednesday, December 27 with “Buy” rating. The firm has “Strong-Buy” rating by Vetr given on Friday, August 28.

Bright Rock Capital Management Llc, which manages about $196.00M and $344.67M US Long portfolio, decreased its stake in Sherwin Williams Co (NYSE:SHW) by 2,000 shares to 21,100 shares, valued at $7.56 million in 2017Q3, according to the filing. It also reduced its holding in Monsanto Co New (NYSE:MON) by 4,000 shares in the quarter, leaving it with 63,000 shares, and cut its stake in Stericycle Inc (NASDAQ:SRCL).

Investors sentiment increased to 0.91 in Q3 2017. Its up 0.15, from 0.76 in 2017Q2. It increased, as 44 investors sold ALL shares while 300 reduced holdings. 92 funds opened positions while 221 raised stakes. 263.23 million shares or 1.26% less from 266.58 million shares in 2017Q2 were reported. Jefferies Grp Llc has invested 0.18% in The Allstate Corporation (NYSE:ALL). Brown Advisory, Maryland-based fund reported 46,281 shares. Old Natl Bank In has invested 0.04% in The Allstate Corporation (NYSE:ALL). First Business Fin Ser Incorporated reported 0.13% stake. Cambridge Investment Research Advisors holds 0.06% or 52,506 shares in its portfolio. New Mexico Educational Retirement Board reported 0.15% of its portfolio in The Allstate Corporation (NYSE:ALL). National Insur Tx holds 39,925 shares or 0.19% of its portfolio. The New Jersey-based Murphy Cap Management has invested 0.05% in The Allstate Corporation (NYSE:ALL). Sandy Spring Retail Bank reported 0.01% of its portfolio in The Allstate Corporation (NYSE:ALL). Vident Investment Advisory Limited Liability holds 39,361 shares. First Fin Corp In reported 2,800 shares stake. Wilbanks Smith Thomas Asset Ltd Liability Corp reported 3,758 shares or 0.03% of all its holdings. Andra Ap holds 251,496 shares. Tdam Usa holds 0.03% or 5,812 shares in its portfolio. Da Davidson has invested 0.03% in The Allstate Corporation (NYSE:ALL).

Verition Fund Management Llc, which manages about $1.22B and $1.24 billion US Long portfolio, decreased its stake in Costar Group Inc (NASDAQ:CSGP) by 2,934 shares to 1,319 shares, valued at $354,000 in 2017Q3, according to the filing. It also reduced its holding in Phillips 66 (NYSE:PSX) by 29,216 shares in the quarter, leaving it with 15,784 shares, and cut its stake in Laboratory Corp Amer Hldgs (NYSE:LH).

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