American International Group Inc. Has $36.22 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

American International Group Inc. lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,274 shares of the coffee company’s stock after purchasing an additional 1,624 shares during the quarter. American International Group Inc.’s holdings in Starbucks were worth $36,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SBUX. Willow Creek Wealth Management Inc. raised its position in Starbucks by 3.0% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock worth $302,000 after purchasing an additional 97 shares during the last quarter. Rodgers Brothers Inc. grew its holdings in Starbucks by 1.2% during the 3rd quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock worth $755,000 after acquiring an additional 100 shares during the period. First National Trust Co grew its holdings in Starbucks by 2.2% during the 4th quarter. First National Trust Co now owns 5,033 shares of the coffee company’s stock worth $483,000 after acquiring an additional 106 shares during the period. Quent Capital LLC grew its holdings in Starbucks by 2.8% during the 4th quarter. Quent Capital LLC now owns 4,004 shares of the coffee company’s stock worth $384,000 after acquiring an additional 108 shares during the period. Finally, Graybill Wealth Management LTD. grew its holdings in Starbucks by 0.3% during the 4th quarter. Graybill Wealth Management LTD. now owns 40,088 shares of the coffee company’s stock worth $3,849,000 after acquiring an additional 109 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 0.7 %

Starbucks stock traded down $0.59 during trading on Friday, hitting $79.65. The stock had a trading volume of 7,192,438 shares, compared to its average volume of 10,999,455. Starbucks Co. has a 1 year low of $71.80 and a 1 year high of $107.66. The stock’s 50 day moving average is $80.98 and its two-hundred day moving average is $89.29. The stock has a market cap of $90.22 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.74 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. As a group, equities research analysts anticipate that Starbucks Co. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on SBUX shares. Bank of America increased their price target on Starbucks from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, June 10th. JPMorgan Chase & Co. decreased their price target on Starbucks from $100.00 to $92.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Robert W. Baird decreased their price target on Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Morgan Stanley decreased their price target on Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, UBS Group reduced their target price on Starbucks from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Seventeen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $95.00.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 3,750 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now owns 65,431 shares of the company’s stock, valued at $5,234,480. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the sale, the chief executive officer now directly owns 81,199 shares in the company, valued at $6,933,582.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Rachel Ruggeri sold 3,750 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now owns 65,431 shares of the company’s stock, valued at $5,234,480. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,750 shares of company stock valued at $642,050. 1.98% of the stock is currently owned by company insiders.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.