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Starbucks reported lower-than-expected earnings, as major investors adjust their stakes.
Clifford Swan Investment Counsel LLC and Fagan Associates Inc. have reduced their stakes in Starbucks, while William Allan Corp increased its holdings slightly.
Starbucks reported a lower-than-expected EPS of $0.41 for the quarter and a revenue of $8.76 billion.
The company's market cap is around $106 billion, and it recently declared a quarterly dividend of $0.61 per share.
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Starbucks reportó ganancias más bajas de lo esperado, ya que los principales inversores ajustan sus participaciones.