Peltz Trian Partners Shows Nearly 900K Stake in Starbucks (SBUX)
Nelson Peltz Trian Partners latest 13F show the group has a new stake in Starbucks Corp. (Nasdaq: SBUX).
Filings from various Train entities showed they group built up a 898,500 share stake in the coffee maker.
Shares of Starbucks has been under heavy pressure (down 43% over last year) due to the slowing US consumer and rising commodity costs.
Peltz is a known activist investor. Peltz recently recently reached a deal to acquire Wendy's. He also owns larges stakes in Kraft Foods, Cheesecake Factory, Tiffany & Co. and Cadbury-Schweppes.
Starbucks Corporation engages in the purchase, roasting, and sale of whole bean coffees worldwide.
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