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flag Several major investment firms sold off Starbucks stock, but the company reported strong Q4 earnings and announced a dividend.

flag Several investment firms have reduced their holdings in Starbucks stock recently, including United Capital Financial Advisors LLC, which cut its stake by 3.1%, and Advisors Capital Management, which sold 951 shares. flag Despite these sales, Starbucks reported a strong Q4 with earnings per share of $0.69, beating estimates. flag The stock has a "Moderate Buy" rating and a $104.68 price target. flag Starbucks also announced a quarterly dividend of $0.61, due on May 30.

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