Hantz Financial Services Inc. Buys New Position in Starbucks Co. (NASDAQ:SBUX)

Hantz Financial Services Inc. acquired a new stake in Starbucks Co. (NASDAQ:SBUX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 56,171 shares of the coffee company’s stock, valued at approximately $4,373,000.

Several other large investors also recently bought and sold shares of the company. Vima LLC acquired a new position in Starbucks in the 4th quarter worth $26,000. Scarborough Advisors LLC acquired a new stake in Starbucks during the 4th quarter valued at approximately $26,000. New Millennium Group LLC acquired a new position in shares of Starbucks in the 2nd quarter valued at approximately $26,000. Stephens Consulting LLC grew its position in shares of Starbucks by 498.2% during the second quarter. Stephens Consulting LLC now owns 335 shares of the coffee company’s stock worth $26,000 after buying an additional 279 shares in the last quarter. Finally, DSM Capital Partners LLC bought a new stake in shares of Starbucks in the fourth quarter worth $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $80.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief executive officer now owns 78,304 shares in the company, valued at approximately $6,264,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $80.00, for a total transaction of $260,000.00. Following the completion of the sale, the chief executive officer now owns 78,304 shares in the company, valued at approximately $6,264,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rachel Ruggeri sold 3,290 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the transaction, the chief executive officer now owns 62,502 shares of the company’s stock, valued at $5,697,682.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,790 shares of company stock worth $865,514. 1.98% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on SBUX shares. Morgan Stanley reiterated an “overweight” rating and set a $98.00 price objective on shares of Starbucks in a research note on Wednesday, July 31st. The Goldman Sachs Group started coverage on Starbucks in a research note on Thursday, June 13th. They issued a “buy” rating and a $100.00 price target for the company. Robert W. Baird upgraded Starbucks from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $81.00 to $110.00 in a research note on Tuesday, August 13th. Evercore ISI upgraded Starbucks from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $80.00 to $120.00 in a research report on Wednesday, August 14th. Finally, Bank of America boosted their price target on Starbucks from $108.00 to $112.00 and gave the company a “buy” rating in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.21.

Starbucks Trading Down 0.3 %

Starbucks stock opened at $94.57 on Friday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $107.66. The stock has a market cap of $107.12 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.28 and a beta of 0.94. The company’s 50-day moving average price is $80.76 and its two-hundred day moving average price is $83.98.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business earned $1.00 earnings per share. Research analysts expect that Starbucks Co. will post 3.55 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Friday, August 16th. Starbucks’s payout ratio is currently 62.81%.

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.