Capital Research (SBUX) reports 102.4M-share holding, 9.0% stake

Rhea-AI Filing Summary

Starbucks Corp. ownership disclosure: Capital Research Global Investors filed an amendment reporting beneficial ownership of 102,403,410 shares of Common Stock, representing 9.0% of the 1,139,300,000 shares believed to be outstanding. The filing lists 102,338,711 shares as sole voting power and 102,403,410 as sole dispositive power.

Insights

Institutional Ownership Analyst

Large passive stake reported: 102.4M shares (9.0%).

Capital Research Global Investors is disclosed as beneficial owner of 102,403,410 shares, or 9.0%, with sole voting power on 102,338,711 shares. The filing attributes holdings to CRGI and related investment management entities.

The filing is a positional disclosure rather than an announced transaction; cash‑flow treatment and intent are not stated. Subsequent filings or amendments would be the place to find changes in stake or strategy.

Key Figures

Beneficial ownership: 102,403,410 shares Sole voting power: 102,338,711 shares Percent of class: 9.0% +1 more

4 metrics

Beneficial ownership 102,403,410 shares Amount beneficially owned (filing)

Sole voting power 102,338,711 shares Sole power to vote or direct the vote (filing)

Percent of class 9.0% Percent of Common Stock believed outstanding (filing)

Shares believed outstanding 1,139,300,000 shares Shares believed to be outstanding (filing)

Key Terms

Schedule 13G/A, beneficial owner, sole dispositive power, CUSIP

4 terms

Schedule 13G/A regulatory

"Capital Research Global Investors filed an amendment 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

"CRGI is deemed to be the beneficial owner of 102,403,410 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 financial

"Sole power to dispose or to direct the disposition of: 102,403,410"

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.

CUSIP regulatory

"CUSIP No.: 855244109"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

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 Research Global 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 102,338,711.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 102,403,410.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

102,403,410.00

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)

9.0 %

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 Research Global Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 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: 102,403,410 ** **Capital Research Global Investors ("CRGI") 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"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 102,403,410 shares or 9.0% of the 1,139,300,000 shares believed to be outstanding.
(b)	Percent of class: 9.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 102,338,711
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 102,403,410
	(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 Research Global Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	05/11/2026

FAQ

What stake does Capital Research Global Investors report in SBUX?

Capital Research Global Investors reports beneficial ownership of 102,403,410 shares, equal to 9.0% of the company’s 1,139,300,000 shares believed outstanding. The filing is an amendment to the Schedule 13G.

How many SBUX shares does Capital Research have voting control over?

The filing states Capital Research has sole voting power for 102,338,711 shares and shared voting power of 0 shares. Shared dispositive power is also reported as 0.

Does the Schedule 13G/A indicate Capital Research will sell or buy more SBUX shares?

No transaction intent is disclosed. The Schedule 13G/A amendment reports current beneficial ownership and voting/dispositive powers; it does not state any planned purchases or sales.

Who signed the Schedule 13G/A amendment for Capital Research?

The filing is signed by Jae Won Chung, Vice President and Senior Counsel II at Capital Research and Management Company, dated 05/11/2026.