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Starbucks Co. (SBUX) Stake Increased by Gradient Investments LLC

From fidaily.com

Gradient Investments LLC lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 95.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,855 shares of the coffee company’s stock after acquiring an additional 2,862 shares during the quarter. Gradient Investments LLC’s holdings in Starbucks were worth $435,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. Oregon Public Employees Retirement Fund boosted its stake in Starbucks by 5,590.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,679,558 shares of the coffee company’s stock valued at $368,000 after purchasing an additional 23,263,399 shares during the period. Norges Bank bought a new stake in Starbucks during the 4th quarter valued at approximately $807,368,000. Two Sigma Advisers LP bought a new stake in Starbucks during the 4th quarter valued at approximately $352,796,000. Morgan Stanley boosted its stake in Starbucks by 4.8% during the 3rd quarter. Morgan Stanley now owns 49,371,647 shares of the coffee company’s stock valued at $2,806,283,000 after purchasing an additional 2,254,701 shares during the period. Finally, Swedbank bought a new stake in Starbucks during the 4th quarter valued at approximately $100,070,000. Institutional investors own 73.34% of the company’s stock.

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