Shares of Starbucks Corporation (NASDAQ:SBUX) traded at a new 52-week high today of $112.81. This new high was reached on below average trading volume as 1.3 million shares traded hands, while the average 30-day volume is approximately 7.3 million shares.
Starbucks Corporation has overhead space with shares priced $112.79, or 24.6% below the average consensus analyst price target of $149.68.
In the past 52 weeks, shares of Starbucks Corporation have traded between a low of $64.41 and a high of $112.81 and is now at $112.79, which is 75% above that low price.
Through a global chain of more than 32,600 company-owned and licensed stores, Starbucks sells coffee, espresso, teas, cold blended beverages, food, and accessories. The company also distributes packaged and single-serve coffee, tea, juice, and pastries through its own stores, grocery store chains, and warehouse clubs under the Starbucks and Teavana brands under the Global Coffee Alliance partnership with Nestle. In addition, Starbucks markets bottled beverages, ice creams, and liqueurs through partnerships with Pepsi, Anheuser-Busch, Tingyi, and Arla. In fiscal 2020, Starbucks’ Americas segment (including the U.S.) represented 70% of total revenue, followed by the international segment (including China) at 22%, then channel development at 8%.
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