Neo Ivy Capital Management Lowers Stock Position in Starbucks Corporation $SBUX

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Neo Ivy Capital Management significantly reduced its stake in Starbucks Corporation ($SBUX) by 88.5% in the third quarter, selling 18,206 shares and holding 2,360 shares worth $200,000. Other institutional investors like Vanguard Group Inc., State Street Corp, and Invesco Ltd. increased their positions in the coffee company. Analysts currently have a “Moderate Buy” rating for Starbucks, with a consensus target price of $104.22.

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