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NEW YORK ( TheStreet) -- Starbucks Corporation (Nasdaq: SBUX) hit a new 52-week high Monday as it is currently trading at $42.94, above its previous 52-week high of $42.94 with 2.2 million shares traded as of 12:26 p.m. ET. Average volume has been 8.8 million shares over the past 30 days. Starbucks has a market cap of $30.6 billion and is part of the services sector and leisure industry. Shares are up 27.6% year to date as of the close of trading on Friday. Starbucks Corporation purchases and roasts whole bean coffees. It operates approximately 16,858 stores, including 8,833 company-operated stores and 8,025 licensed stores. The company offers approximately 30 blends and single-origin premium arabica coffees. The company has a P/E ratio of 27, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.