Cullen Frost Bankers Has Boosted Its Starbucks Com (SBUX) Stake; 2 Analysts Are Bullish Synovus Financial Corp. (SNV) Last Week

August 12, 2018 - By Carolyn Hewitt

Starbucks Corporation (NASDAQ:SBUX) Logo

Among 10 analysts covering Synovus (NYSE:SNV), 2 have Buy rating, 0 Sell and 8 Hold. Therefore 20% are positive. Synovus had 11 analyst reports since February 26, 2018 according to SRatingsIntel. JP Morgan maintained the shares of SNV in report on Thursday, April 26 with “Neutral” rating. Morgan Stanley upgraded Synovus Financial Corp. (NYSE:SNV) on Wednesday, March 7 to “Equal-Weight” rating. Keefe Bruyette & Woods maintained the shares of SNV in report on Monday, February 26 with “Hold” rating. Barclays Capital maintained Synovus Financial Corp. (NYSE:SNV) on Wednesday, April 25 with “Equal-Weight” rating. SunTrust maintained it with “Buy” rating and $5900 target in Tuesday, April 24 report. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, April 24 report. Sandler O’Neill maintained it with “Buy” rating and $5900 target in Tuesday, April 24 report. The rating was downgraded by Stephens to “Equal-Weight” on Tuesday, July 24. The stock has “Market Perform” rating by Wells Fargo on Wednesday, April 25. The stock of Synovus Financial Corp. (NYSE:SNV) has “Equal-Weight” rating given on Tuesday, July 31 by Morgan Stanley. See Synovus Financial Corp. (NYSE:SNV) latest ratings:

31/07/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $57 New Target: $56 Maintain
24/07/2018 Broker: Stephens Old Rating: Overweight New Rating: Equal-Weight Old Target: $31 Downgrade
26/04/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $56 New Target: $57 Maintain
25/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $55 New Target: $57 Maintain
25/04/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $50 New Target: $55 Maintain
24/04/2018 Broker: Sandler O’Neill Rating: Buy New Target: $59.0000 Maintain
24/04/2018 Broker: Robert W. Baird Rating: Hold New Target: $52.0000 Maintain
24/04/2018 Broker: SunTrust Rating: Buy New Target: $59.0000 Maintain
09/04/2018 Broker: PiperJaffray Rating: Neutral New Target: $52 Initiates Coverage On
07/03/2018 Broker: Morgan Stanley Old Rating: Underperform New Rating: Equal-Weight Old Target: $52 Upgrade

Cullen Frost Bankers Inc increased Starbucks Corp Com (SBUX) stake by 15.68% reported in 2018Q1 SEC filing. Cullen Frost Bankers Inc acquired 71,024 shares as Starbucks Corp Com (SBUX)’s stock rose 1.31%. The Cullen Frost Bankers Inc holds 523,849 shares with $30.33M value, up from 452,825 last quarter. Starbucks Corp Com now has $69.49 billion valuation. The stock decreased 0.79% or $0.41 during the last trading session, reaching $51.51. About 9.96M shares traded. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since August 12, 2017 and is downtrending. It has underperformed by 20.49% the S&P500. Some Historical SBUX News: 27/04/2018 – Starbucks CEO says Philadelphia arrests did not hurt sales in April; 17/04/2018 – Starbucks lovers can drink their iced cappuccino and have their foam too; 09/05/2018 – 680News: EXCLUSIVE: Starbucks confirms hidden camera found in washroom in Toronto’s financial district; 15/05/2018 – Starbucks First-Ever China Investor Conference Highlights Accelerated Store Growth in its Fastest Growing Market, Doubling to; 17/04/2018 – WUSA9: #BREAKING: Starbucks to close all stores on May 29 for racial bias education; 21/04/2018 – Starbucks Lacks Clear Guidance for Employees on Non-Paying Customers; 07/05/2018 – Starbucks: A Big Deal Should Mean a Sharper Focus — Barrons.com; 09/05/2018 – 680News: EXCLUSIVE: Hidden camera found in Starbucks bathroom in Toronto’s financial district; 15/05/2018 – STARBUCKS CEO KEVIN JOHNSON SPEAKS AT INVESTOR DAY IN SHANGHAI; 09/05/2018 – ANALYSIS-Starbucks deal gives Nestle more punch in fight with JAB

Since May 16, 2018, it had 11 insider purchases, and 1 insider sale for $1.01 million activity. 2,000 shares were bought by Gula Allen J, worth $50,000. 4,000 shares were bought by Allen Catherine A, worth $100,000. $200,000 worth of Synovus Financial Corp. (NYSE:SNV) was bought by BENTSEN TIM E. Perry Curtis J had sold 2,000 shares worth $108,720 on Wednesday, May 16. The insider Blair Kevin S. bought $64,753. Shares for $50,060 were bought by KAMENSKY ALLAN E on Friday, July 27. 2,000 Synovus Financial Corp. (NYSE:SNV) shares with value of $99,360 were bought by MURPHY DIANA M.

The stock decreased 0.16% or $0.08 during the last trading session, reaching $49.53. About 1.52M shares traded or 25.77% up from the average. Synovus Financial Corp. (NYSE:SNV) has risen 29.99% since August 12, 2017 and is uptrending. It has outperformed by 17.42% the S&P500. Some Historical SNV News: 04/04/2018 – Synovus Closes Above 50-Day Moving Average: Technicals; 26/04/2018 – SYNOVUS FINANCIAL CORP SNV.N : JP MORGAN RAISES TARGET PRICE TO $57 FROM $56; 07/03/2018 SYNOVUS FINANCIAL CORP SNV.N : MORGAN STANLEY RAISES TO EQUAL-WEIGHT FROM UNDERWEIGHT; 24/04/2018 – Synovus 1Q Adj EPS 86c; 24/04/2018 – SYNOVUS 1Q EPS 84C; 24/04/2018 – SYNOVUS FINANCIAL CORP SEES 2018 NET CHARGE-OFF RATIO OF 15 TO 25 B.P.S; 22/03/2018 – Synovus Trust’s Morgan Says It’s Too Early to Make Judgements on Facebook’s Future (Video); 24/04/2018 – Synovus Total Avg Loans for 1Q $24.85B; 24/04/2018 – Synovus 1Q Rev $341.3M; 16/03/2018 – Qualcomm Growth Depends on NXP Acquisition, Says Synovus Trust’s Morgan (Video)

Another recent and important Synovus Financial Corp. (NYSE:SNV) news was published by Seekingalpha.com which published an article titled: “FCB drops after agreeing to be bought by Synovus for $2.9B in stock” on July 24, 2018.

Investors sentiment decreased to 1 in Q1 2018. Its down Infinity, from Infinity in 2017Q4. It dived, as 0 investors sold Synovus Financial Corp. shares while 1 reduced holdings. 0 funds opened positions while 1 raised stakes. 44,454 shares or 36.24% less from 69,726 shares in 2017Q4 were reported. Kcm Inv Ltd has invested 0.02% in Synovus Financial Corp. (NYSE:SNV). & Communications invested in 0.28% or 32,400 shares.

Synovus Financial Corp. operates as the bank holding firm for Synovus Bank that provides various financial services and products. The company has market cap of $5.82 billion. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. It has a 17.99 P/E ratio. The companyÂ’s commercial banking services comprise cash management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Seekingalpha.com which released: “Retirement Strategies: A Look At Starbucks” on August 10, 2018, also Seekingalpha.com with their article: “Starbucks: Don’t Be Fooled” published on July 31, 2018, Nasdaq.com published: “Starbucks (SBUX) Q3 Earnings: China-Asia-Pacific Holds Key” on July 25, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Fool.com and their article: “Starbucks Talks Up Its Rebound Strategy” published on August 08, 2018 as well as Seekingalpha.com‘s news article titled: “Starbucks: Suddenly Dysfunctional” with publication date: July 23, 2018.

Cullen Frost Bankers Inc decreased Travelers Companies Inc Com (NYSE:TRV) stake by 4,888 shares to 45,411 valued at $6.31 million in 2018Q1. It also reduced Jpmorgan Chase & Co Com (NYSE:JPM) stake by 19,464 shares and now owns 185,459 shares. Raytheon Co New Com (NYSE:RTN) was reduced too.

Since March 12, 2018, it had 0 insider purchases, and 3 sales for $5.12 million activity. On Tuesday, March 13 the insider WEATHERUP CRAIG sold $3.60M. Another trade for 15,000 shares valued at $781,952 was sold by ULLMAN MYRON E III.

Among 18 analysts covering Starbucks Corp (NASDAQ:SBUX), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Starbucks Corp had 24 analyst reports since March 9, 2018 according to SRatingsIntel. DZ Bank upgraded it to “Hold” rating and $48 target in Friday, July 6 report. On Friday, April 13 the stock rating was downgraded by Cowen & Co to “Market Perform”. Stifel Nicolaus maintained it with “Hold” rating and $55 target in Wednesday, June 20 report. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given on Monday, March 12 by J.P. Morgan. On Thursday, March 15 the stock rating was maintained by UBS with “Buy”. The rating was maintained by BMO Capital Markets on Tuesday, July 24 with “Market Perform”. The rating was maintained by Robert W. Baird on Tuesday, June 5 with “Outperform”. Piper Jaffray maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, April 27. Piper Jaffray has “Buy” rating and $7000 target. Morgan Stanley downgraded the shares of SBUX in report on Wednesday, June 20 to “Hold” rating. Jefferies maintained the shares of SBUX in report on Tuesday, June 26 with “Buy” rating.

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.12, from 1.05 in 2017Q4. It fall, as 61 investors sold SBUX shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported. 3,554 are held by Markston Limited. Rnc Cap Limited Liability Co invested in 0.06% or 15,109 shares. 74,607 were reported by King Luther Capital Management. Intl Gp Inc Inc reported 0.13% in Starbucks Corporation (NASDAQ:SBUX). Texas Permanent School Fund reported 363,103 shares stake. Sandy Spring State Bank has 0.18% invested in Starbucks Corporation (NASDAQ:SBUX). Liberty Incorporated reported 0.17% stake. Jump Trading Limited Com reported 0.02% stake. Shelton Cap Mgmt reported 0.52% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Mariner Limited Liability Corp owns 124,851 shares. 789,023 were accumulated by Davenport Limited Liability Company. Efg Asset Mgmt (Americas) Corporation invested in 48,353 shares or 1.16% of the stock. Kcm Invest Lc has invested 0.5% in Starbucks Corporation (NASDAQ:SBUX). The Texas-based Oxbow Advsr Limited Co has invested 0.04% in Starbucks Corporation (NASDAQ:SBUX). Deutsche National Bank Ag holds 0.12% or 3.17M shares in its portfolio.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts