Starbucks Corporation $SBUX Stock: Mesirow Financial Investment Management Inc. Lowers Holdings

Mesirow Financial Investment Management Inc. cut its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 107,047 shares of the coffee company’s stock after selling 4,612 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Starbucks were worth $10,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Starbucks in the second quarter valued at approximately $8,504,509,000. Bank of America Corp DE acquired a new position in Starbucks in the 2nd quarter worth approximately $1,581,287,000. Bank of New York Mellon Corp purchased a new position in Starbucks during the 2nd quarter worth approximately $779,790,000. Legal & General Group Plc purchased a new position in Starbucks during the 2nd quarter worth approximately $649,622,000. Finally, Corient Private Wealth LP purchased a new position in Starbucks during the 2nd quarter worth approximately $289,019,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Key Starbucks News

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 Activity

In related news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $110.00, for a total value of $245,190.00. Following the completion of the sale, the chief executive officer owned 68,691 shares of the company’s stock, valued at approximately $7,556,010. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock valued at $694,874 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

Starbucks Stock Up 0.5%

SBUX opened at $109.95 on Wednesday. The company 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. Starbucks Corporation has a 52-week low of $81.97 and a 52-week high of $111.50. The firm’s fifty day simple moving average is $99.25 and its two-hundred day simple moving average is $100.18.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, October 29th. The coffee company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. The business had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The business’s revenue was down 4.5% compared to the same quarter last year. On average, research analysts forecast that Starbucks Corporation will post 3.22 EPS for the current year.

Starbucks Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.52 annualized dividend and a yield of 2.3%. This is a boost from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s dividend payout ratio is currently 112.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SBUX. TD Cowen reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Starbucks in a report on Friday, October 30th. Sanford C. Bernstein cut shares of Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. CICC Research boosted their target price on shares of Starbucks from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Gordon Haskett upped their price target on shares of Starbucks from $110.00 to $118.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $110.00 price target on shares of Starbucks in a research report on Friday, October 30th. Twenty-one investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Starbucks has an average rating of “Hold” and a consensus price target of $108.83.

Starbucks Company Profile

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.