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Starbucks faces investor sell-offs and a "Hold" rating after missing earnings estimates.
Institutional investors have been adjusting their stakes in Starbucks, with Compagnie Lombard Odier SCmA selling 888 shares, reducing their holdings by 39.6%, and Rockland Trust Co. selling 51,663 shares, reducing their holdings by 18.1%.
Starbucks reported a $0.41 EPS for the quarter ending April 29th, missing the consensus estimate of $0.51, with a negative return on equity of 44.97%.
The stock currently has a "Hold" rating and a market cap of $107.19 billion.
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Starbucks se enfrenta a ventas de inversionistas y una calificación de "Hold" después de no tener estimaciones de ganancias.