Investors sold shares of Starbucks Corp. (NASDAQ:SBUX) on strength during trading hours 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 companies 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 equities analysts have weighed in on the stock. Deutsche Bank AG set a $64.00 target price on shares of Starbucks Corp. and gave the stock a “hold” rating in a research report on Sunday, July 24th. Vetr lowered shares of Starbucks Corp. from a “strong-buy” rating to a “buy” rating and set a $62.76 target price for the company. in a research report on Monday, July 11th. Goldman Sachs Group Inc. increased their target price on shares of Starbucks Corp. from $69.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 4th. Robert W. Baird reiterated a “buy” rating on shares of Starbucks Corp. in a research report on Tuesday, May 24th. Finally, Wedbush reiterated an “outperform” rating and set a $70.00 target price on shares of Starbucks Corp. in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $66.53.

The firm has a market cap of $84.02 billion and a PE ratio of 32.19. The company’s 50 day moving average price is $56.62 and its 200 day moving average price is $57.14.

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, hitting the Thomson Reuters’ consensus estimate of $0.49. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.34 billion. On average, equities analysts forecast 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 given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.40%.

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

Several hedge funds have recently made changes to their positions in SBUX. Schroder Investment Management Group boosted its stake in shares of 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 period. Palladium Partners LLC boosted its stake in shares of Starbucks Corp. by 23.5% in the fourth quarter. Palladium Partners LLC now owns 95,082 shares of the coffee company’s stock worth $5,708,000 after buying an additional 18,090 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Starbucks Corp. by 19.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 132,016 shares of the coffee company’s stock worth $7,925,000 after buying an additional 21,784 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Starbucks Corp. by 4.2% in the fourth quarter. Suntrust Banks Inc. now owns 226,279 shares of the coffee company’s stock worth $13,582,000 after buying an additional 9,146 shares during the period. Finally, Caldwell & Orkin Inc. boosted its stake in shares of Starbucks Corp. by 53.9% in the fourth quarter. Caldwell & Orkin Inc. now owns 105,330 shares of the coffee company’s stock worth $6,323,000 after buying an additional 36,900 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.