Traders sold shares of Starbucks Corp. (NASDAQ:SBUX) on strength during trading on Thursday. $40.52 million flowed into the stock on the tick-up and $68.45 million flowed out of the stock on the tick-down, for a money net flow of $27.93 million out of the stock. Of all equities tracked, Starbucks Corp. had the 0th highest net out-flow for the day. Starbucks Corp. traded up $0.20 for the day and closed at $57.29

A number of research analysts have recently issued reports on the company. Deutsche Bank AG set a $64.00 price objective on Starbucks Corp. and gave the company a “hold” rating in a research note on Sunday, July 24th. Vetr cut Starbucks Corp. from a “strong-buy” rating to a “buy” rating and set a $62.76 price objective on the stock. in a research note on Monday, July 11th. Goldman Sachs Group Inc. raised their price objective on Starbucks Corp. from $69.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 4th. Robert W. Baird reaffirmed a “buy” rating on shares of Starbucks Corp. in a research note on Tuesday, May 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Starbucks Corp. in a research note on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $66.53.

The company has a market capitalization of $84.02 billion and a price-to-earnings ratio of 32.19. The company has a 50 day moving average price of $56.61 and a 200-day moving average price of $57.12.

Starbucks Corp. (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, July 21st. The coffee company reported $0.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.49. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.34 billion. On average, analysts expect that Starbucks Corp. will post $1.89 earnings per share for the current year.

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

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

Other large investors have recently bought and sold shares of the company. 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 worth $249,502,000 after buying an additional 69,102 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Starbucks Corp. by 3.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,842,913 shares of the coffee company’s stock worth $230,691,000 after buying an additional 123,693 shares during the last quarter. Schroder Investment Management Group boosted its stake in Starbucks Corp. by 244.7% in the fourth quarter. Schroder Investment Management Group now owns 2,130,928 shares of the coffee company’s stock worth $127,919,000 after buying an additional 1,512,644 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Starbucks Corp. by 2.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 1,461,931 shares of the coffee company’s stock worth $87,760,000 after buying an additional 37,177 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in Starbucks Corp. by 12.4% in the fourth quarter. State of Tennessee Treasury Department now owns 1,280,942 shares of the coffee company’s stock worth $76,895,000 after buying an additional 141,750 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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