Capital World Investors owns 104.8M SBUX shares (NASDAQ: SBUX)

Rhea-AI Filing Summary

Capital World Investors reported beneficial ownership of 104,838,568 shares of Starbucks Corp., representing 9.2% of the 1,139,300,000 shares believed to be outstanding as stated in the amendment. The filing lists 103,833,219 shares of sole voting power and 104,838,568 shares of sole dispositive power. The Schedule 13G/A is signed by a Capital Research and Management Company officer on 05/13/2026.

Insights

Institutional Ownership Analyst

Large passive stake disclosed: 104.8M shares (9.2%).

The filing states that Capital World Investors beneficially owns 104,838,568 shares of Starbucks, equating to 9.2% of the company's shares outstanding (1,139,300,000 noted in the excerpt). The filing attributes sole voting and dispositive power counts.

Holding size is material as a %-of-outstanding figure. Timing and intent are not specified in the excerpt; subsequent filings would show any changes in position or voting intentions.

Corporate Governance Specialist

Disclosure clarifies voting and dispositive powers for an institutional holder.

The Schedule 13G/A identifies separate counts for sole voting power (103,833,219) and sole dispositive power (104,838,568), and lists the entities composing Capital World Investors. The statement uses the phrase "believed to be outstanding" for the 1,139,300,000 share base.

Associate filings could show whether this is passive ownership under Schedule 13G rules or if it becomes active disclosure under Schedule 13D; the excerpt does not state intent or plans.

Key Figures

Beneficial ownership: 104,838,568 shares Percent of class: 9.2% Sole voting power: 103,833,219 shares +3 more

6 metrics

Beneficial ownership 104,838,568 shares reported in Schedule 13G/A

Percent of class 9.2% of 1,139,300,000 shares believed outstanding

Sole voting power 103,833,219 shares sole power to vote as stated in filing

Sole dispositive power 104,838,568 shares sole power to dispose as stated in filing

Shares outstanding (basis) 1,139,300,000 shares "believed to be outstanding" per the excerpt

Filing signature date 05/13/2026 signature date in the Schedule 13G/A excerpt

Key Terms

Schedule 13G/A, Beneficial owner, Sole dispositive power, Sole voting power

4 terms

Schedule 13G/A regulatory

"Capital World Investors filed a Schedule 13G/A reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial owner financial

"CWI is deemed to be the beneficial owner of 104,838,568 shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 104,838,568"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Sole voting power regulatory

"Sole power to vote or to direct the vote: 103,833,219"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 01:55 PM Learn about SEC filing dates

FAQ

What stake does Capital World Investors report in SBUX?

Capital World Investors reports beneficial ownership of 104,838,568 shares, equal to 9.2% of the 1,139,300,000 shares the filing states are believed outstanding.

How many votes does Capital World Investors control for Starbucks (SBUX)?

The filing lists 103,833,219 shares as the number for sole voting power and 0 for shared voting power, per the Schedule 13G/A excerpt.

Does this Schedule 13G/A state whether the stake is passive or active?

The excerpt does not state intent. It identifies ownership and powers but does not specify whether the position is passive or pursuant to Schedule 13G passive criteria.

When was the Schedule 13G/A signed and dated?

The signature block shows the filing was signed by Jae Won Chung, Senior Vice President and Associate General Counsel, on 05/13/2026 and references 03/31/2026 on the cover line.

What is the total shares outstanding figure used in the filing?

The filing states the number of shares "believed to be outstanding" as 1,139,300,000, which is the base used to calculate the 9.2% ownership percentage.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Starbucks Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

855244109

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 855244109

1

Names of Reporting Persons

Capital World Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 103,833,219.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 104,838,568.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

104,838,568.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Starbucks Corp.
(b)	Address of issuer's principal executive offices: 2401 UTAH AVENUE SOUTH, SEATTLE, WA 98134
Item 2.
(a)	Name of person filing: Capital World Investors
(b)	Address or principal business office or, if none, residence: 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 855244109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 104,838,568 ** **Capital World Investors ("CWI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CWI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital World Investors." CWI is deemed to be the beneficial owner of 104,838,568 shares or 9.2% of the 1,139,300,000 shares believed to be outstanding.
(b)	Percent of class: 9.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 103,833,219
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 104,838,568
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital World Investors

Signature:	Jae Won Chung
Name/Title:	Senior Vice President and Associate General Counsel, Capital Research and Management Company
Date:	05/13/2026