5 Best Fast Food Stocks to Buy Now

2. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 63

Starbucks Corporation (NASDAQ:SBUX), an American coffeehouse chain, increased its quarterly dividend by 9% on September 29, at $0.49 per share, yielding 1.75%.

The number of hedge funds tracked by Insider Monkey reported having stakes in Starbucks Corporation (NASDAQ:SBUX) grew to 63 in Q2, from 61 in the previous quarter. The total value of these stakes is $4.75 billion, up from $4.44 billion in Q1. Fundsmith LLP was the largest shareholder of Starbucks Corporation (NASDAQ:SBUX) in Q2, owning shares worth $1.2 billion.

In October, BofA reinstated its coverage on Starbucks Corporation (NASDAQ:SBUX) with a Buy rating and a $135 price target.

Polen Capital mentioned Starbucks Corporation (NASDAQ:SBUX) in its Q2 2021 investor letter. Here is what the firm has to say:

“For Starbucks, we believe the underlying businesses for the company remain strong. Starbucks has grappled with the impact of the pandemic, but results have continued to show an ongoing post-pandemic recovery.”