Mesirow Financial Investment Management Inc. Sells 4,612 Shares of Starbucks Corporation $SBUX

Mesirow Financial Investment Management Inc. decreased its holdings in Starbucks Corporation (NASDAQ:SBUX) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,047 shares of the coffee company’s stock after selling 4,612 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Starbucks were worth $10,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. BlackRock Inc. purchased a new position in shares of Starbucks in the 2nd quarter worth approximately $8,504,509,000. State Street Corp raised its holdings in Starbucks by 3.2% during the 2nd quarter. State Street Corp now owns 49,260,268 shares of the coffee company’s stock valued at $5,033,907,000 after buying an additional 1,530,497 shares during the period. Bank of America Corp DE raised its holdings in Starbucks by 9.0% during the 1st quarter. Bank of America Corp DE now owns 15,761,355 shares of the coffee company’s stock valued at $1,412,060,000 after buying an additional 1,300,085 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Starbucks by 26.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,506,482 shares of the coffee company’s stock valued at $869,277,000 after buying an additional 1,767,530 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Starbucks in the second quarter worth $779,790,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. BTIG Research reiterated a “buy” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, October 30th. Gordon Haskett increased their target price on shares of Starbucks from $110.00 to $118.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Compass Point began coverage on shares of Starbucks in a report on Monday, August 3rd. They issued a “buy” rating for the company. Robert W. Baird dropped their price target on shares of Starbucks from $124.00 to $115.00 and set an “outperform” rating for the company in a research note on Friday, October 2nd. Finally, Seaport Research Partners started coverage on shares of Starbucks in a research report on Wednesday, September 16th. They issued a “neutral” rating on the stock. Twenty-one investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Hold” and an average target price of $108.83.

Starbucks Stock Up 0.5%

SBUX stock opened at $109.95 on Wednesday. Starbucks Corporation has a twelve month low of $81.97 and a twelve month high of $111.50. The firm has a market cap of $125.34 billion, a price-to-earnings ratio of 49.75, a PEG ratio of 1.81 and a beta of 1.01. The business’s fifty day simple moving average is $99.25 and its two-hundred day simple moving average is $100.18.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, October 29th. The coffee company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. The business had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.22 billion. Starbucks had a net margin of 6.66% and a negative return on equity of 38.61%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Research analysts expect that Starbucks Corporation will post 3.22 EPS for the current year.

Starbucks Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a dividend of $0.63 per share. This is an increase from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, November 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is currently 112.22%.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel resumed coverage with a Buy rating and a $115 price target, adding a bullish analyst view that helped support the stock’s recent advance. Starbucks rises as Stifel resumes coverage with Buy rating and $115 target
• Positive Sentiment: Starbucks is targeting 18% EPS growth in fiscal 2027, supported by margin expansion and cost savings, as well as an additional fiscal week. If achieved, stronger earnings could offset softer sales. Can SBUX Deliver 18% EPS Growth Despite a 1% Revenue Decline in FY27?
• Positive Sentiment: Starbucks raised its quarterly dividend to $0.63 from $0.62, a modest increase that may appeal to income-focused investors. The dividend implies a 2.3% yield at the cited share price. Starbucks insider trading report and dividend information
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 trading plan and retained 68,691 shares afterward. The planned sale may be less informative than an unplanned transaction. SEC insider transaction filing
• Negative Sentiment: The fiscal 2027 outlook calls for revenue to decline about 1%, making the targeted EPS growth reliant on cost savings and improved margins rather than sales growth. Execution will be important. Fiscal 2027 EPS and revenue outlook

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $110.00, for a total transaction of $245,190.00. Following the completion of the sale, the chief executive officer directly owned 68,691 shares of the company’s stock, valued at approximately $7,556,010. This represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,687 shares of company stock worth $694,874. Corporate insiders own 0.03% of the company’s stock.

About Starbucks

Starbucks Corporation is a global coffee company that roasts, markets and sells coffee and other beverages, along with food and related merchandise. Its offerings include brewed coffee, espresso-based drinks, teas and packaged coffee products. The company serves customers through company-operated and licensed stores, as well as through retail and food-service partnerships. Its stores also sell items such as mugs and coffee-making equipment. Founded in Seattle in 1971, Starbucks operates in North America and international markets, including China.