Is Starbucks Corporation (SBUX) A Good Stock To Buy?

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Let’s check out hedge fund activity in other stocks similar to Starbucks Corporation (NASDAQ:SBUX). These stocks are Kraft Heinz Co (NASDAQ:KHC), Schlumberger Limited. (NYSE:SLB), Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU), and AstraZeneca plc (ADR) (NYSE:AZN). This group of stocks’ market caps are closest to SBUX’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
KHC 60 26202716 4
SLB 51 1920800 -10
MTU 10 98712 -2
AZN 20 381723 2

As you can see these stocks had an average of 35 hedge funds with bullish positions and the average amount invested in these stocks was $7.15 billion. That figure was $1.80 billion in SBUX’s case. Kraft Heinz Co (NASDAQ:KHC) is the most popular stock in this table. On the other hand Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks, Starbucks Corporation (NASDAQ:SBUX) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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