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17 Inexpensive, Well-Run Companies

Premium exclusive: These wide-moat stocks all earn exemplary stewardship ratings and are trading in 4- and 5-star range.

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Howard Schultz announced this week that he's leaving  Starbucks (SBUX). During his 30-year-plus tenure, Schultz transformed the local coffeehouse chain into a worldwide leader in the consumer industry. He helped Starbucks carve out a wide economic moat. Schultz and the management team at Starbucks have, in our opinion, done a superior job of looking out for shareholder interests. We've awarded the company an Exemplary Morningstar Stewardship Rating.

What makes a company's stewardship exceptional? We judge company stewardship from an equity holder's perspective; we like managers who are in shareholders' corners. The Morningstar Stewardship Rating for stocks encompasses the quality and depth of a company's management and board of directors in their roles as stewards of investor capital. We place a heavy emphasis on capital allocation decisions; after all, capital allocation decisions ultimately lead to the creation or destruction of value for shareholders.

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Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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