Starbucks Trading at New All-Time Highs

Shares of Starbucks

are sitting at new all-time highs on Wednesday. The stock has added nearly 4% to $58.97 on heavy volume. Year-to-date, the stock has surged more than 28%, including nearly 14% over the last month alone. SBUX trades at a trailing P/E of 35.37, a forward P/E of 25.57 and a PEG ratio of 1.61. The recent bullish activity in the name is largely attributable to an announcement earlier in the year that the company would be launching a single-cup brewing machine to compete with Green Mountain Coffee Roasters'

Keurig machine. In wake of the run-up in its stock price, SBUX now has a market cap of over $44 billion. The stock currently yields 1.15% at current levels.