Investors sold shares of Starbucks Corp. (NASDAQ:SBUX) on strength during trading hours on Wednesday. $55.52 million flowed into the stock on the tick-up and $73.90 million flowed out of the stock on the tick-down, for a money net flow of $18.38 million out of the stock. Of all companies tracked, Starbucks Corp. had the 25th highest net out-flow for the day. Starbucks Corp. traded up $0.42 for the day and closed at $55.62

Several research firms recently weighed in on SBUX. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Starbucks Corp. in a report on Saturday, April 23rd. Deutsche Bank AG set a $64.00 price target on shares of Starbucks Corp. and gave the company a “hold” rating in a report on Sunday, July 24th. Piper Jaffray Cos. reissued a “buy” rating on shares of Starbucks Corp. in a research report on Saturday, April 23rd. Jefferies Group reissued a “buy” rating and set a $70.00 price objective on shares of Starbucks Corp. in a research report on Saturday, April 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $68.00 price objective on shares of Starbucks Corp. in a research report on Saturday, April 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $66.64.

The stock has a 50-day moving average price of $56.65 and a 200-day moving average price of $57.35. The stock has a market cap of $81.57 billion and a price-to-earnings ratio of 31.25.

Starbucks Corp. (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, July 21st. The coffee company reported $0.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.49. The firm earned $5.20 billion during the quarter, compared to analyst estimates of $5.34 billion. On average, analysts forecast that Starbucks Corp. will post $1.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Thursday, August 4th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, August 2nd.

In related news, Director William W. Bradley sold 12,654 shares of Starbucks Corp. stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $55.34, for a total transaction of $700,272.36. Following the transaction, the director now owns 57,417 shares in the company, valued at $3,177,456.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James G. Shennan, Jr. sold 50,000 shares of Starbucks Corp. stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $55.57, for a total value of $2,778,500.00. Following the transaction, the director now owns 38,059 shares in the company, valued at approximately $2,114,938.63. The disclosure for this sale can be found here.

Other institutional investors recently made changes to their positions in the company. Stephens Inc. AR increased its position in shares of Starbucks Corp. by 0.5% in the fourth quarter. Stephens Inc. AR now owns 69,558 shares of the coffee company’s stock worth $4,176,000 after buying an additional 313 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Starbucks Corp. by 0.7% in the fourth quarter. Ameritas Investment Partners Inc. now owns 52,831 shares of the coffee company’s stock worth $3,171,000 after buying an additional 378 shares in the last quarter. LS Investment Advisors LLC increased its stake in Starbucks Corp. by 1.8% in the fourth quarter. LS Investment Advisors LLC now owns 28,577 shares of the coffee company’s stock worth $1,715,000 after buying an additional 515 shares in the last quarter. Everett Harris & Co. CA increased its stake in Starbucks Corp. by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 157,500 shares of the coffee company’s stock worth $9,455,000 after buying an additional 758 shares in the last quarter. Finally, Edgewood Management LLC increased its stake in Starbucks Corp. by 4.6% in the fourth quarter. Edgewood Management LLC now owns 26,265 shares of the coffee company’s stock worth $1,577,000 after buying an additional 1,146 shares in the last quarter.

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts.

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