Starbucks Corp. (NASDAQ:SBUX) shares saw unusually-strong trading volume on Wednesday . Approximately 8,555,543 shares traded hands during trading, an increase of 7% from the previous session’s volume of 7,964,571 shares.The stock last traded at $57.32 and had previously closed at $56.40.

Several equities analysts recently weighed in on SBUX shares. BTIG Research reduced their target price on shares of Starbucks Corp. from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, July 22nd. RBC Capital Markets restated an “outperform” rating and set a $68.00 target price on shares of Starbucks Corp. in a report on Monday, July 25th. Piper Jaffray Cos. restated an “outperform” rating and set a $72.00 target price on shares of Starbucks Corp. in a report on Friday, July 22nd. Vetr lowered shares of Starbucks Corp. from a “strong-buy” rating to a “buy” rating and set a $62.21 target price on the stock. in a report on Wednesday, June 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $70.00 price objective on shares of Starbucks Corp. in a report on Tuesday, June 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $66.53.

The company’s 50 day moving average is $56.61 and its 200-day moving average is $57.12. The firm has a market capitalization of $84.77 billion and a price-to-earnings ratio of 32.47.

Starbucks Corp. (NASDAQ:SBUX) last announced its earnings results on Thursday, July 21st. The coffee company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.34 billion. On average, equities research analysts predict that Starbucks Corp. will post $1.89 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Thursday, August 4th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Tuesday, August 2nd.

In related news, Director Myron E. Ullman III sold 20,000 shares of the stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $55.46, for a total transaction of $1,109,200.00. Following the completion of the sale, the director now owns 34,000 shares in the company, valued at approximately $1,885,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Myron E. Ullman III sold 12,654 shares of the stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $58.70, for a total transaction of $742,789.80. Following the sale, the director now owns 26,654 shares of the company’s stock, valued at approximately $1,564,589.80. The disclosure for this sale can be found here.

A number of large investors recently bought and sold shares of SBUX. Palladium Partners LLC boosted its stake in Starbucks Corp. by 23.5% in the fourth quarter. Palladium Partners LLC now owns 95,082 shares of the coffee company’s stock valued at $5,708,000 after buying an additional 18,090 shares during the last quarter. Genesee Valley Trust Co. boosted its stake in Starbucks Corp. by 4.0% in the fourth quarter. Genesee Valley Trust Co. now owns 33,099 shares of the coffee company’s stock valued at $1,987,000 after buying an additional 1,275 shares during the last quarter. Eaton Vance Management boosted its stake in Starbucks Corp. by 1.7% in the fourth quarter. Eaton Vance Management now owns 4,156,290 shares of the coffee company’s stock valued at $249,502,000 after buying an additional 69,102 shares during the last quarter. I.G. Investment Management LTD. boosted its stake in Starbucks Corp. by 4.4% in the fourth quarter. I.G. Investment Management LTD. now owns 248,160 shares of the coffee company’s stock valued at $14,897,000 after buying an additional 10,500 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its stake in Starbucks Corp. by 4.2% in the fourth quarter. Suntrust Banks Inc. now owns 226,279 shares of the coffee company’s stock valued at $13,582,000 after buying an additional 9,146 shares during 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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