Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways To Play: Peltz Needs More Pump


Strengthen your portfolio in good times and bad.

Bloomberg reports billionaire Nelson Peltz, through his Trian Fund, sold his stake in Starbucks (SBUX) while adding shares of Hansen Natural Corp. (HANS). According to a filling today with the SEC, Peltz's funds acquired shares of the Monster Energy drink maker in addition to retailer Target (TGT) and Philip Morris (PM), the tobacco maker, as of June 30.

As of March 31, Trian had owned approximately 900,000 shares of Starbucks. That figure would mark a 0.1% stake of the world's largest coffee maker, but a spokesperson for the company confirmed that Peltz has sold off his shares.

Hansen jumped 10% in today's trading to $29.98. SBUX gained 4% closing at $16.92. Target added 3% to $49.65, while Philip Morris fell 0.13% to $55.47.

From the Bull Pen: Is Philip Morris the best upside play in the stocks mentioned? Sell-stops can be set below $54.

From the Bear Cave: Professor Shartsis mentioned Hansen today on the Buzz. "Volume is the heaviest in 4 months and the stock is likely to put in a top today," he said. Bears can play the downside with this stock using defined risk.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos