Starbucks Corporation (SBUX): Hedge Funds and Insiders Are Bullish, What Should You Do?

Page 1 of 2

Starbucks Corporation (NASDAQ:SBUX)Is Starbucks Corporation (NASDAQ:SBUX) a buy here? Hedge funds are in a bullish mood. The number of long hedge fund bets rose by 3 recently.

In the financial world, there are plenty of gauges shareholders can use to analyze their holdings. A pair of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best fund managers can beat the market by a healthy margin (see just how much).

Just as integral, optimistic insider trading sentiment is another way to parse down the world of equities. Obviously, there are lots of motivations for a corporate insider to get rid of shares of his or her company, but just one, very obvious reason why they would buy. Many academic studies have demonstrated the market-beating potential of this method if shareholders understand where to look (learn more here).

Keeping this in mind, we’re going to take a peek at the latest action encompassing Starbucks Corporation (NASDAQ:SBUX).

Hedge fund activity in Starbucks Corporation (NASDAQ:SBUX)

At Q1′s end, a total of 53 of the hedge funds we track were bullish in this stock, a change of 6% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were increasing their stakes meaningfully.

Of the funds we track, Scout Capital Management, managed by James Crichton and Adam Weiss, holds the most valuable position in Starbucks Corporation (NASDAQ:SBUX). Scout Capital Management has a $185.1 million position in the stock, comprising 2.4% of its 13F portfolio. The second largest stake is held by SAC Capital Advisors, managed by Steven Cohen, which held a $181.7 million position; 0.9% of its 13F portfolio is allocated to the company. Some other peers that hold long positions include Donald Chiboucis’s Columbus Circle Investors, John Lykouretzos’s Hoplite Capital Management and D. E. Shaw’s D E Shaw.

As one would reasonably expect, specific money managers were breaking ground themselves. Highline Capital Management, managed by Jacob Doft, initiated the largest call position in Starbucks Corporation (NASDAQ:SBUX). Highline Capital Management had 54.1 million invested in the company at the end of the quarter. David Stemerman’s Conatus Capital Management also made a $49.8 million investment in the stock during the quarter. The other funds with new positions in the stock are Mark Kingdon’s Kingdon Capital, Sanford J. Colen’s Apex Capital, and Jeffrey Jon Berney’s TriOaks Capital Management.

What do corporate executives and insiders think about Starbucks Corporation (NASDAQ:SBUX)?

Insider trading activity, especially when it’s bullish, is most useful when the company in question has experienced transactions within the past half-year. Over the last half-year time period, Starbucks Corporation (NASDAQ:SBUX) has seen 1 unique insiders purchasing, and 12 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Starbucks Corporation (NASDAQ:SBUX). These stocks are Panera Bread Co (NASDAQ:PNRA). All of these stocks are in the specialty eateries industry and their market caps resemble SBUX’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Jobs that May Exist in the Future

The Absolute Best States to Shop in the US

5 Best States for Golf Adventures

Top 15 Places To Visit Before You Die

10 Most Expensive Smartphones in the World

10 States with Lowest Physician Density

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!