Ledyard National Bank Has Raised Starbucks (SBUX) Position; Shorts at Synchrony Financial (SYF) Raised By 6.36%

Ledyard National Bank increased Starbucks Corp (SBUX) stake by 6.12% reported in 2017Q3 SEC filing. Ledyard National Bank acquired 7,630 shares as Starbucks Corp (SBUX)’s stock rose 6.99%. The Ledyard National Bank holds 132,369 shares with $7.11M value, up from 124,739 last quarter. Starbucks Corp now has $78.70B valuation. The stock increased 0.57% or $0.32 during the last trading session, reaching $55.99. About 14.19 million shares traded or 33.98% up from the average. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 15, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Synchrony Financial (NYSE:SYF) had an increase of 6.36% in short interest. SYF’s SI was 14.02 million shares in February as released by FINRA. Its up 6.36% from 13.18 million shares previously. With 8.00 million avg volume, 2 days are for Synchrony Financial (NYSE:SYF)’s short sellers to cover SYF’s short positions. The SI to Synchrony Financial’s float is 1.77%. The stock increased 1.92% or $0.69 during the last trading session, reaching $36.7. About 6.96M shares traded. Synchrony Financial (NYSE:SYF) has declined 10.35% since February 15, 2017 and is downtrending. It has underperformed by 27.05% the S&P500.

Among 29 analysts covering Synchrony Financial (NYSE:SYF), 22 have Buy rating, 0 Sell and 7 Hold. Therefore 76% are positive. Synchrony Financial had 69 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was initiated by Oppenheimer on Tuesday, April 11 with “Perform”. The firm has “Buy” rating by Jefferies given on Wednesday, January 10. The rating was maintained by BMO Capital Markets with “Buy” on Wednesday, August 23. The stock has “Buy” rating by BMO Capital Markets on Thursday, January 4. BTIG Research maintained the stock with “Buy” rating in Monday, January 22 report. The rating was upgraded by Bank of America to “Buy” on Monday, December 18. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, July 25. The stock of Synchrony Financial (NYSE:SYF) earned “Buy” rating by Deutsche Bank on Wednesday, May 4. The rating was maintained by BTIG Research with “Buy” on Thursday, December 14. On Monday, September 18 the stock rating was maintained by Jefferies with “Buy”.

Synchrony Financial operates as a consumer financial services firm in the United States. The company has market cap of $28.28 billion. The firm offers private label credit cards, dual cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans. It has a 15.17 P/E ratio. It also provides promotional financing to clients for health and personal care procedures, products, or services, such as dental, veterinary, cosmetic, vision and audiology; debt cancellation products; and deposit products, including certificates of deposit, individual retirement, money market, and savings accounts, as well as accepts deposits through third-party securities brokerage firms.

Since September 7, 2017, it had 0 insider purchases, and 3 insider sales for $13.98 million activity. BURROWS CLIFFORD had sold 162,826 shares worth $9.28 million. CULVER JOHN sold $3.47 million worth of Starbucks Corporation (NASDAQ:SBUX) on Friday, September 8. ULLMAN MYRON E III had sold 22,966 shares worth $1.23M.

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. Prudential Fincl Inc owns 2.01M shares. Balasa Dinverno & Foltz Limited Liability Co holds 0.09% or 11,222 shares in its portfolio. Winslow Asset Management holds 0.15% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 14,824 shares. Ls Advsrs Limited Liability Corporation invested in 0.12% or 37,739 shares. Adell Harriman And Carpenter Inc holds 117,947 shares or 1.38% of its portfolio. Whittier Tru Co Of Nevada Incorporated stated it has 116,546 shares or 0.58% of all its holdings. Cullen Frost Bankers reported 461,115 shares. Alley Ltd Com reported 62,130 shares or 1.21% of all its holdings. Trillium Asset Lc has invested 1.16% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). 6,752 are held by Fisher Asset Mngmt Limited Liability Corporation. Winfield Assoc has 0.24% invested in Starbucks Corporation (NASDAQ:SBUX) for 8,535 shares. Bluespruce Invs LP has 8.78% invested in Starbucks Corporation (NASDAQ:SBUX) for 867,279 shares. Aureus Asset Mngmt Limited Liability Co reported 99,501 shares. Sunbelt Secs stated it has 10,755 shares or 0.61% of all its holdings. Central Bancshares Tru, Kentucky-based fund reported 91,456 shares.

Ledyard National Bank decreased Flexshares Stoxx Global Broad Infra Etf (NFRA) stake by 15,294 shares to 37,506 valued at $1.80 million in 2017Q3. It also reduced Suntrust Banks Inc (NYSE:STI) stake by 5,720 shares and now owns 156,806 shares. Ishares Us Oil Equipment & Services Etf (IEZ) was reduced too.

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