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Vanguard Group Inc. Buys 971,773 Shares of Starbucks Corporation $SBUX
Vanguard Group Inc. increased its stake in Starbucks Corporation by 0.9%, purchasing an additional 971,773 shares to reach a total of 114,410,675 shares, representing a 10.06% position valued at approximately $9.63 billion. This comes despite Starbucks missing Q earnings per share estimates but exceeding revenue expectations, and announcing a quarterly dividend with a high payout ratio. The article also notes recent insider selling and various analyst ratings and market sentiments surrounding SBUX.