Starbucks reported stable Q3 earnings as institutional investors varied their stock holdings.

Several institutional investors have adjusted their stakes in Starbucks (SBUX), with Semmax Financial Advisors reducing its holdings while others like Burney Co. and GAMMA Investing increased theirs. Starbucks reported Q3 earnings of $0.80 per share, meeting estimates, with revenue slightly below expectations at $9.07 billion. Analysts generally hold a "Moderate Buy" rating with a consensus price target of $103.77. The company recently raised its quarterly dividend to $0.61 per share.

December 01, 2024
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