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Investment firms adjust holdings in Starbucks as it beats earnings; institutional investors own 72.29% of its stock.
Investment firms like Saratoga Research & Investment Management and Wellington Management Group LLP have adjusted their holdings in Starbucks, with Saratoga reducing its shares by 3.3% and Wellington increasing its holdings by 4.7%.
Despite the pandemic, Starbucks reported a net margin of 9.73% and beat earnings expectations, with analysts giving the stock a "Moderate Buy" rating and a target price of $106.12.
Institutional investors own 72.29% of Starbucks' stock.
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Las firmas de inversión ajustan sus participaciones en Starbucks a medida que supera las ganancias; Los inversores institucionales poseen el 72,29% de sus acciones.