Hantz Financial Services Inc. Buys 3,791 Shares of Starbucks Co. (NASDAQ:SBUX)

Hantz Financial Services Inc. boosted its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,927 shares of the coffee company's stock after buying an additional 3,791 shares during the quarter. Hantz Financial Services Inc.'s holdings in Starbucks were worth $7,293,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SBUX. Regal Investment Advisors LLC raised its position in shares of Starbucks by 19.8% in the 2nd quarter. Regal Investment Advisors LLC now owns 9,888 shares of the coffee company's stock worth $770,000 after acquiring an additional 1,634 shares in the last quarter. Truist Financial Corp grew its stake in Starbucks by 21.8% during the second quarter. Truist Financial Corp now owns 806,884 shares of the coffee company's stock worth $62,816,000 after purchasing an additional 144,516 shares during the period. 3Chopt Investment Partners LLC bought a new stake in Starbucks in the second quarter worth approximately $316,000. Farmers National Bank lifted its stake in Starbucks by 4.7% in the second quarter. Farmers National Bank now owns 61,181 shares of the coffee company's stock valued at $4,763,000 after buying an additional 2,737 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Starbucks during the 2nd quarter worth approximately $25,000. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Up 0.8 %

SBUX traded up $0.90 during trading hours on Thursday, hitting $109.48. The stock had a trading volume of 6,533,290 shares, compared to its average volume of 9,307,153. The stock has a market cap of $124.13 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $110.34. The company's fifty day simple moving average is $95.90 and its 200 day simple moving average is $93.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. During the same period last year, the company earned $0.90 EPS. As a group, equities analysts expect that Starbucks Co. will post 3.08 EPS for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks's payout ratio is currently 73.72%.

Insider Activity

In other Starbucks news, CFO Rachel Ruggeri sold 1,452 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the transaction, the chief financial officer now directly owns 65,648 shares of the company's stock, valued at $6,503,747.36. This trade represents a 2.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.98% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SBUX. Wells Fargo & Company lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. BTIG Research raised their target price on Starbucks from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Barclays increased their price target on Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Bank of America decreased their price objective on Starbucks from $118.00 to $117.00 and set a "buy" rating for the company in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Starbucks presently has an average rating of "Moderate Buy" and a consensus price target of $105.52.

Starbucks Company Profile

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.