Ken Fisher is Selling These 5 Stocks in 2022

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1. Starbucks Corporation (NASDAQ:SBUX)

Ken Fisher’s hedge fund cut its stake in Starbucks Corporation (NASDAQ:SBUX) by a whopping 98% in the first quarter of 2022, still ending the period with a $7.9 million stake in the company. Starbucks Corporation (NASDAQ:SBUX) shares are down 34% in the last 12 months. MKM Partners analyst Brett Levy decreased Starbucks Corporation (NASDAQ:SBUX)’s price target to $98 from $105 but kept a Buy rating on the shares. At the end of the fourth quarter, 53 hedge funds tracked by Insider Monkey had stakes in Starbucks Corporation (NASDAQ:SBUX).

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