Peltz's funds: P.F. Chang's in, Starbucks out

NEW YORK Investor Nelson Peltz and his affiliated funds have dumped their shares in Starbucks, but snatched up a nearly 5-percent stake in P.F. Chang's, according to documents filed Thursday with federal regulators.

In the filings, various funds affiliated with Peltz's Trian Partners revealed a stake totaling 1.13 million shares in P.F. Chang's China Bistro Inc., or 4.75 percent of the restaurant company's outstanding shares.

The filings also showed t

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