Drink Up: Bill Ackman is Long Starbucks

Pershing Square continues to remake its portfolio with another restaurant stock.

(Qilai Shen/Bloomberg)

(Qilai Shen/Bloomberg)

Bill Ackman doesn’t drink coffee, but he is adding a caffeine jolt to his portfolio.

The Pershing Square Capital Management CEO unveiled a new position in Starbucks at the Grant’s Interest Rate Observer Conference Tuesday. The shares gained about 2 percent on the news.

Ackman

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