Leisure Capital Management reduced its stake in Starbucks Co. by 16.6% during the 4th quarter, owning 11,832 shares after selling 2,357. Several other institutional investors also adjusted their stakes, including Intact Investment Management increasing its holdings by 81.4% to 74,000 shares. Despite the varied adjustments, 72.29% of Starbucks stock is still held by institutional investors. Analysts have recently updated their price targets for Starbucks, with Citigroup and Morgan Stanley reducing their targets due to various factors, while maintaining neutral to positive ratings overall. Starbucks shares recently traded up, reflecting modest market movements.
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