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1ST Source Bank Buys $3.34 Million in Starbucks Shares

Starbucks logoStarbucks
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1st Source logo1st Source
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1ST Source Bank added a new position in Starbucks, acquiring 32,644 shares valued at about $3.34 million, per a recent SEC 13F filing. Swiss Life Asset Management and others also increased holdings, while the news notes Starbucks is eliminating more than 200 corporate roles as part of a roughly $2 billion cost-reduction and operational reset.

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