Rezny Wealth Management Inc. Has $1.42 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

Rezny Wealth Management Inc. lifted its holdings in Starbucks Co. (NASDAQ:SBUX) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,547 shares of the coffee company’s stock after purchasing an additional 570 shares during the period. Starbucks accounts for about 0.3% of Rezny Wealth Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Rezny Wealth Management Inc.’s holdings in Starbucks were worth $1,419,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Starbucks in the second quarter worth about $25,000. DT Investment Partners LLC lifted its holdings in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after purchasing an additional 121 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Starbucks in the 3rd quarter worth approximately $49,000. Friedenthal Financial bought a new stake in Starbucks during the third quarter worth approximately $50,000. Finally, Capital Performance Advisors LLP acquired a new position in Starbucks during the third quarter valued at approximately $71,000. 72.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the transaction, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. This represents a 1.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.98% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wedbush reduced their price objective on shares of Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Bank of America cut their target price on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Barclays lowered their price target on Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Redburn Atlantic reissued a “sell” rating and set a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Finally, BTIG Research raised their target price on Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.92.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $95.13 on Tuesday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $103.32. The business has a fifty day moving average of $95.84 and a two-hundred day moving average of $91.71. The stock has a market cap of $107.86 billion, a PE ratio of 28.74, a PEG ratio of 2.82 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm posted $1.06 EPS. Analysts predict that Starbucks Co. will post 3.1 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.56%. Starbucks’s dividend payout ratio (DPR) is presently 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.