5 Best Coffee Stocks to Invest In

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1. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 55    

Starbucks Corporation (NASDAQ:SBUX) operates as a roaster, marketer, and retailer of specialty coffee worldwide. The firm features on the list of best coffee stocks to invest in. The firm recently underwent a massive managerial change, with outgoing CEO Howard Schultz, who is also the founder of the famous coffee brand, replaced by Laxman Narasimhan.

On September 16, Piper Sandler analyst Nicole Miller Regan maintained a Neutral rating on Starbucks Corporation (NASDAQ:SBUX) stock and raised the price target to $92 from $84, noting the company was committing to a cultural reset in the field. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Starbucks Corporation (NASDAQ:SBUX), with 5.8 million shares worth more than $444 million.

In its Q2 2022 investor letter, Matrix Asset Advisors, an asset management firm, highlighted a few stocks and Starbucks Corporation (NASDAQ:SBUX) was one of them. Here is what the fund said:

“Starbucks Corporation (NASDAQ:SBUX) is a premiere global coffee brand supported by over 32,600 stores across the world. The firm has a long history of beverage innovation and strong employee/barista relations with the firm paying above-market wages and benefits. Starbucks has a strong balance sheet and finances. The company generates steady and consistent cash flow, selling millions of cups of premium coffee every day. The company’s share price declined in part due to its large business in China which was largely shut down due to Covid restrictions and because of rising commodity and labor costs. We think the shares are attractively priced for a company that should grow 10% plus per year with a dividend yield of 2.6% at our average cost.”

You can also take a peek at 10 Best Stocks for Animal Lovers and 10 Best Nickel Stocks to Buy Now.

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