Van ECK Associates Corp Reduces Position in Starbucks Corporation $SBUX

Van ECK Associates Corp significantly reduced its stake in Starbucks, selling 97.1% of its holdings in the second quarter, leaving them with 66,863 shares valued at approximately $6.8 million. Despite this, Starbucks reported strong quarterly earnings of $0.85 EPS and $9.32 billion in revenue, exceeding analyst expectations. The company maintains its FY2026 EPS guidance and pays a quarterly dividend of $0.62, while institutional investors collectively own 72.29% of its stock.