Starbucks Corp. (NASDAQ:SBUX) was down 0.9% during mid-day trading on Monday . The stock traded as low as $56.70 and last traded at $56.76, with a volume of 4,309,452 shares traded. The stock had previously closed at $57.29.

Several equities research analysts have recently issued reports on SBUX shares. Vetr lowered shares of Starbucks Corp. from a “strong-buy” rating to a “buy” rating and set a $62.76 price objective for the company. in a research report on Monday, July 11th. Robert W. Baird reissued a “buy” rating on shares of Starbucks Corp. in a research report on Tuesday, May 24th. Goldman Sachs Group Inc. increased their price objective 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. Jefferies Group reissued a “buy” rating on shares of Starbucks Corp. in a research report on Tuesday, July 5th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Starbucks Corp. in a research report on Tuesday, July 12th. One equities research 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 stock. The company currently has a consensus rating of “Buy” and a consensus target price of $66.53.

The firm has a market cap of $83.30 billion and a P/E ratio of 31.91. The stock has a 50-day moving average of $56.63 and a 200 day moving average of $57.19.

Starbucks Corp. (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, July 21st. The coffee company reported $0.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The business earned $5.20 billion during the quarter, compared to the consensus estimate of $5.34 billion. Equities analysts expect that Starbucks Corp. will post $1.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Thursday, August 4th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, August 2nd.

In other Starbucks Corp. news, Director Myron E. Ullman III sold 20,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 34,000 shares of the company’s stock, valued at approximately $1,885,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Myron E. Ullman III sold 12,654 shares of the business’s stock in a transaction 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 directly owns 26,654 shares in the company, valued at approximately $1,564,589.80. The disclosure for this sale can be found here.

Other large investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Starbucks Corp. during the fourth quarter valued at approximately $1,033,000. Edgewood Management LLC increased its stake in shares of Starbucks Corp. by 4.6% in the fourth quarter. Edgewood Management LLC now owns 26,265 shares of the coffee company’s stock valued at $1,577,000 after buying an additional 1,146 shares in the last quarter. Genesee Valley Trust Co. increased its stake in shares of 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 in the last quarter. Buckingham Capital Management Inc. increased its stake in shares of Starbucks Corp. by 6.8% in the third quarter. Buckingham Capital Management Inc. now owns 42,413 shares of the coffee company’s stock valued at $2,411,000 after buying an additional 2,713 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Starbucks Corp. by 1.2% in the fourth quarter. King Luther Capital Management Corp now owns 47,768 shares of the coffee company’s stock valued at $2,868,000 after buying an additional 556 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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