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Starbucks reported strong earnings and raised its dividend, boosting its stock to $81.50.
Capital International Inc. and Capital World Investors have increased their holdings in Starbucks, while Commerce Bank slightly reduced its position. Starbucks reported a higher-than-expected EPS of $0.69 for the recent quarter and announced a quarterly dividend of $0.61 per share, payable on May 30th. The company's stock closed at $81.50, with a market cap of $92.58 billion. Analysts predict a 2.99 EPS for the fiscal year.
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