Mesirow Financial Investment Management Inc. Has $13.53 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Mesirow Financial Investment Management Inc. lowered its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,310 shares of the coffee company’s stock after selling 2,084 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Starbucks were worth $13,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Financial Life Planners bought a new position in Starbucks during the fourth quarter valued at about $25,000. Collier Financial acquired a new stake in shares of Starbucks in the 4th quarter valued at $27,000. Marshall Investment Management LLC bought a new position in shares of Starbucks in the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new position in Starbucks during the fourth quarter valued at approximately $30,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Starbucks in the fourth quarter worth about $36,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of SBUX stock opened at $105.47 on Friday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market capitalization of $119.80 billion, a PE ratio of 34.02, a PEG ratio of 3.59 and a beta of 0.99. The stock’s fifty day moving average is $103.82 and its 200-day moving average is $98.94.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the business posted $0.90 earnings per share. As a group, analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SBUX. Stifel Nicolaus raised their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company upped their price objective on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. BMO Capital Markets lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Redburn Atlantic reiterated a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

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.