Starbucks Corp. (SBUX) has grown into one of the world's largest coffeehouse chains by selling an ever-growing selection of products. It's a retailer, roaster, and provider of its own brand of specialty coffee. It also sells hot and cold beverage products, baked goods, and other food items, as well as coffee-related merchandise like mugs, scoops, and presses. The first Starbucks opened at Seattle’s historic Pike Place Market in 1971 and went public two decades later in 1992.
The top individual shareholders of Starbucks are Mellody Hobson, Michael Aaron Conway, and Rachel Ruggeri. The top institutional shareholders are Vanguard Group Inc., BlackRock Inc. (BLK), and State Street Corporation.
Starbucks posted a 12-month trailing net income of more than $5.56 billion as of July 2024 and a 12-month trailing revenue of $36.5 billion for the same period. It had an intraday market capitalization of over $86 billion as of July 30, 2024.
Key Takeaways
- Starbucks is a retailer, roaster, and provider of its own brand of coffee. It also sells other food items and merchandise.
- The company had a market capitalization of more than $86 billion in mid-2024.
- The top individual shareholders of Starbucks are Mellody Hobson, Michael Aaron Conway, and Rachel Ruggeri.
- The top institutional shareholders are Vanguard Group Inc., BlackRock Inc. (BLK), and State Street Corporation.
Top 3 Individual Insider Shareholders
This list reflects direct ownership. It doesn't include indirect ownership of shares or shares accessible through stock options.
The term "insider" refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company's stock. It has nothing to do with insider trading in this context.
Mellody L. Hobson
Mellody Hobson owned 728,680 Starbucks shares as of March 2024.
Hobson has served as chairperson on the Starbucks board of directors since 2021. She was the first black woman ever to serve as chair of a Fortune 500 company. Hobson served as a Starbucks board member from 2003 until 2018.
Michael Aaron Conway
Michael Conway held 78,304 shares of Starbucks in March 2024.
Mr. Conway was appointed as chief executive officer of Starbucks North America in April 2024. He previously served as group president of Starbucks' International and Channel Development team. Mr. Conway joined Starbucks in 2013 after a tenure as vice president of marketing at Campbell Soup Company.
Rachel Ruggeri
Rachel Ruggeri owned 65,341 Starbucks Shares as of March 2024.
Ruggeri was named chief financial officer and executive vice president of Starbucks in 2021 after first serving on the accounting team beginning in 2001. She helped to debut the Starbucks Stored Value Card upon her arrival. She went on to hold numerous finance positions and was promoted to vice president of corporate finance and planning in 2010.
Top 3 Institutional Shareholders
All of these shareholders are financial services companies. Information about the top shareholders of Starbucks and the size of their holdings comes from required quarterly SEC disclosures. Data from these disclosures is compiled, organized, and displayed by various websites.
Vanguard Inc.
Vanguard's funds held 108.4 million shares of Starbucks as of March 2024, representing 9.57% of the total number of shares outstanding with a market value of over $8.2 billion.
Vanguard is one of the world's largest investment management companies, offering 423 low-cost mutual funds and exchange-traded funds (ETFs) as of May 2024. The firm had about $8.6 trillion in global assets under management (AUM) as of February 2024.
The Vanguard Total Stock Market ETF (VTI) is one of the company's largest ETFs with about $375.1 billion under management as of April 30, 2024 and 0.21% of VTI's holdings are allocated to shares of Starbucks.
BlackRock Inc.
BlackRock's funds held over 76 million shares of Starbucks as of March 2024, representing about 6.7% of the total number of shares outstanding with a market value of $5.7 billion.
BlackRock is one of the world's leading asset and investment management firms with approximately $10 trillion in AUM as of the end of 2023. The firm offers a wide range of mutual funds, iShares ETFs, and closed-end funds. The iShares Core S&P 500 ETF (IVV) is one of BlackRock's largest ETFs with just less than 465 billion in AUM as of May 21, 2024 and 0.20% of IVV's holdings are shares of Starbucks.
State Street Corp.
State Street's funds held approximately 45.8 million shares of Starbucks as of March 2024, representing about 4% of total shares outstanding with a market value of about $3.4 billion.
State Street is a leading asset and investment management company with approximately $4.3 trillion in AUM at the close of 2024's first quarter. The firm provides a range of financial products and services to individuals, wealth managers, institutional investors, and other clients around the world.
The SPDR S&P 500 ETF Trust (SPY) is one of State Street's largest ETFs with about $532.7 billion in AUM as of May 21, 2024. Approximately 0.20% of SPY's holdings are allocated to shares of Starbucks.
What Is Starbucks' Share Price?
Starbucks was trading at about $78 per share in July 2024. Its 52-week range is from $71 to $107.
When Does Starbucks Pay Dividends?
Starbucks pays dividends quarterly, typically in the middle of the quarter. Payments were made on Feb. 23 and May 31 of 2024.
How Many Starbucks Locations Are There?
From its beginning as a single storefront serving fresh-roasted whole bean coffees, the company boasts 32,000 stores in 80 countries.
The Bottom Line
Starbucks is a Goliath of the coffee world with stores and eateries worldwide. It also sells baked goods and branded merchandise.
Starbucks’ top individual shareholders are Mellody Hobson, Michael Aaron Conway, and Rachel Ruggeri as of 2024. The top institutional shareholders are Vanguard Group Inc., BlackRock Inc. (BLK), and State Street Corporation. Starbucks posted a 12-month trailing net income of more than $5.56 billion in July 2024.
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