Orion Porfolio Solutions LLC Lowers Holdings in Starbucks Corporation $SBUX

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Orion Portfolio Solutions LLC reduced its stake in Starbucks Corporation by 5.3% in the third quarter of the previous year, selling 11,182 shares but still retaining 197,957 shares valued at $16.75 million. Despite missing EPS estimates, Starbucks exceeded revenue expectations, and analysts generally maintain a “Moderate Buy” rating with a target price of $104.50. The article also highlights insights on institutional ownership, performance, and key headlines affecting Starbucks, including positive sentiment from a new corporate office and analyst backing, alongside neutral and negative sentiments regarding trending stock status and reputational risks.

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