American National Insurance Co. TX maintained its stake in Starbucks Corporation (NASDAQ:SBUX) during the second quarter, Holdings Channel reports. The firm owned 110,290 shares of the coffee company’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Starbucks Corporation were worth $6,431,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Gradient Investments LLC increased its position in shares of Starbucks Corporation by 62.6% in the first quarter. Gradient Investments LLC now owns 1,865 shares of the coffee company’s stock worth $109,000 after buying an additional 718 shares during the period. Jacobi Capital Management LLC increased its position in shares of Starbucks Corporation by 2.7% in the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after buying an additional 50 shares during the period. IHT Wealth Management LLC increased its position in shares of Starbucks Corporation by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after buying an additional 187 shares during the period. TrimTabs Asset Management LLC acquired a new position in shares of Starbucks Corporation during the first quarter worth about $122,000. Finally, Kings Point Capital Management increased its position in shares of Starbucks Corporation by 22.5% in the first quarter. Kings Point Capital Management now owns 2,310 shares of the coffee company’s stock worth $135,000 after buying an additional 425 shares during the period. 69.55% of the stock is owned by institutional investors and hedge funds.

Starbucks Corporation (NASDAQ:SBUX) opened at 58.03 on Friday. The stock has a market capitalization of $84.03 billion, a PE ratio of 28.70 and a beta of 0.82. The company’s 50 day moving average price is $59.94 and its 200-day moving average price is $58.51. Starbucks Corporation has a one year low of $50.84 and a one year high of $64.87. Starbucks Corporation also saw some unusual options trading on Wednesday. Investors bought 14,537 put options on the company. This is an increase of 202% compared to the typical volume of 4,812 put options.

Starbucks Corporation (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, April 27th. The coffee company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Starbucks Corporation had a return on equity of 51.65% and a net margin of 13.47%. The company had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Analysts expect that Starbucks Corporation will post $2.10 earnings per share for the current year.

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SBUX has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $66.00 price objective on shares of Starbucks Corporation in a research note on Tuesday, April 18th. Jefferies Group LLC restated a “buy” rating and issued a $65.00 price objective on shares of Starbucks Corporation in a research note on Friday, May 12th. Zacks Investment Research downgraded Starbucks Corporation from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Deutsche Bank AG restated a “hold” rating and issued a $59.00 price objective on shares of Starbucks Corporation in a research note on Tuesday, April 11th. Finally, Vetr downgraded Starbucks Corporation from a “buy” rating to a “hold” rating and set a $63.91 price objective for the company. in a research note on Wednesday, April 26th. Eight investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $65.64.

In related news, Director Myron E. Ullman III sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total transaction of $606,300.00. Following the completion of the transaction, the director now directly owns 24,000 shares of the company’s stock, valued at $1,455,120. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Myron E. Ullman III sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total value of $1,208,600.00. Following the transaction, the director now directly owns 34,000 shares of the company’s stock, valued at $2,054,620. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,826 shares of company stock valued at $8,642,454. 3.40% of the stock is owned by corporate insiders.

Starbucks Corporation Company Profile

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

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Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

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