Mesirow Financial Investment Management Inc. Sells 14,668 Shares of Starbucks Corporation $SBUX

Mesirow Financial Investment Management Inc. lessened its holdings in Starbucks Corporation (NASDAQ:SBUX) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,346 shares of the coffee company’s stock after selling 14,668 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Starbucks were worth $9,208,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SBUX. Nordea Investment Management AB boosted its stake in Starbucks by 3.2% during the third quarter. Nordea Investment Management AB now owns 433,112 shares of the coffee company’s stock worth $36,576,000 after buying an additional 13,262 shares during the period. Providence Capital Advisors LLC purchased a new position in Starbucks during the third quarter worth $6,099,000. Allstate Corp purchased a new position in Starbucks during the third quarter worth $3,491,000. Vanguard Group Inc. boosted its stake in Starbucks by 0.5% during the third quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock worth $9,596,931,000 after buying an additional 577,279 shares during the period. Finally, Lantz Financial LLC boosted its stake in Starbucks by 346.6% during the third quarter. Lantz Financial LLC now owns 17,833 shares of the coffee company’s stock worth $1,509,000 after buying an additional 13,840 shares during the period. Institutional investors own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the completion of the sale, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at $8,548,198.79. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the executive vice president directly owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 11,187 shares of company stock valued at $1,111,085. 0.03% of the stock is owned by insiders.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel reiterated a Buy rating on Starbucks and raised its price target to $117 from $115, reinforcing confidence in the company’s turnaround effort and helping support the stock. Stifel Reaffirms Bullish View on Starbucks Corporation (SBUX)
• Positive Sentiment: Reports that Starbucks is opening hundreds of new stores suggest continued expansion and long-term growth potential, which investors often view favorably. Dollar Tree and Starbucks are suddenly opening hundreds of new stores as retail doom stories pile up
• Positive Sentiment: Starbucks’ turnaround appears to be progressing, with commentary that the “comeback has started,” which may improve sentiment around the stock. Starbucks: The Comeback Has Started But The Growth Story Is Not Proven
• Neutral Sentiment: Starbucks completed a tech reorganization that eliminated 61 jobs at its Seattle headquarters, a cost-cutting move that may help efficiency but also signals ongoing restructuring. Starbucks cuts 61 tech jobs at Seattle HQ in reorg
• Neutral Sentiment: Tennessee lawmakers are considering a $30 million incentive package tied to Starbucks’ planned Nashville office, which could support expansion but is still just a proposal. Tennessee lawmakers debate $30M incentive deal with Starbucks
• Negative Sentiment: Rising coffee prices are pressuring margins across the industry, including Starbucks, and management has been cautious about passing those costs on to consumers. Coffee prices keep rising, and chains like Dutch Bros are swallowing most of the costs
• Negative Sentiment: A note saying Starbucks’ growth story is “not proven” suggests some investors still want clearer evidence that the turnaround will translate into sustained performance. Starbucks: The Comeback Has Started But The Growth Story Is Not Proven

Analyst Upgrades and Downgrades

Several research firms have commented on SBUX. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Starbucks in a research note on Wednesday, March 4th. Jefferies Financial Group raised shares of Starbucks from an “underperform” rating to a “hold” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $110.00 price objective (up from $105.00) on shares of Starbucks in a research note on Wednesday, April 29th. UBS Group reissued a “neutral” rating and set a $105.00 target price (up from $100.00) on shares of Starbucks in a research note on Wednesday, April 29th. Finally, Zacks Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.00.

Starbucks Trading Down 0.6%

Shares of SBUX opened at $105.95 on Thursday. The firm has a market capitalization of $120.75 billion, a P/E ratio of 80.27, a P/E/G ratio of 2.15 and a beta of 1.01. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $108.05. The firm has a fifty day moving average price of $97.72 and a 200-day moving average price of $92.12.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The firm had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Analysts predict that Starbucks Corporation will post 2.41 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks’s dividend payout ratio is 187.88%.

About Starbucks

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.