Hantz Financial Services Inc. Has $7.29 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Hantz Financial Services Inc. boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 5.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 79,927 shares of the coffee company’s stock after buying an additional 3,791 shares during the period. Hantz Financial Services Inc.’s holdings in Starbucks were worth $7,293,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Asset Dedication LLC increased its stake in shares of Starbucks by 6.9% in the fourth quarter. Asset Dedication LLC now owns 12,940 shares of the coffee company’s stock worth $1,181,000 after acquiring an additional 832 shares during the last quarter. R Squared Ltd purchased a new position in Starbucks in the fourth quarter valued at about $172,000. Twelve Points Wealth Management LLC increased its position in Starbucks by 63.5% in the 4th quarter. Twelve Points Wealth Management LLC now owns 11,620 shares of the coffee company’s stock worth $1,060,000 after purchasing an additional 4,514 shares during the last quarter. Foster Group Inc. raised its stake in shares of Starbucks by 4.0% during the 4th quarter. Foster Group Inc. now owns 2,885 shares of the coffee company’s stock worth $263,000 after purchasing an additional 110 shares in the last quarter. Finally, Mayflower Financial Advisors LLC lifted its holdings in shares of Starbucks by 26.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 2,828 shares of the coffee company’s stock valued at $258,000 after buying an additional 590 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SBUX. Stifel Nicolaus boosted their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday. BTIG Research increased their target price on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. TD Cowen reaffirmed a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. UBS Group increased their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Bank of America decreased their target price on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and a consensus price target of $105.52.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction that occurred 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 owns 65,648 shares in the company, valued at $6,503,747.36. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.98% of the company’s stock.

Starbucks Stock Up 8.1 %

NASDAQ:SBUX opened at $108.58 on Thursday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $110.08. The firm has a 50-day moving average price of $95.70 and a 200 day moving average price of $92.89. The firm has a market capitalization of $123.11 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. During the same quarter last year, the company earned $0.90 earnings per share. On average, research analysts expect that Starbucks Co. will post 3.08 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio is currently 73.72%.

Starbucks 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.