Putnam Investment Management Buys New Stake in Starbucks
Putnam Investment Management Co. bought 64,260 Starbucks shares, valued at about $6.57M, starting a new position. The filing also notes CEO Brady Brewer sold 2,229 shares and insiders reduced holdings over the prior 90 days. Starbucks reported $0.85 EPS on $9.32B revenue for the quarter, with a 5.17% net margin.