CRGI Discloses 76.7M-Share (6.7%) Stake in Starbucks (SBUX)

Rhea-AI Filing Summary

Capital Research Global Investors disclosed beneficial ownership of 76,686,152 shares of Starbucks common stock, equal to 6.7% of 1,136,400,000 shares believed outstanding

The filing shows CRGI has sole voting power for 76,676,488 shares and sole dispositive power for 76,686,152 shares. CRGI is described as a division of Capital Research and Management Company together with related investment management entities. The Schedule 13G certification states the shares are held in the ordinary course of business and were not acquired to change or influence control. The filing includes issuer principal office address and the event date 06/30/2025.

Positive

• Reported beneficial ownership of 76,686,152 shares (6.7% of outstanding shares)
• Sole voting power reported for 76,676,488 shares and sole dispositive power for 76,686,152 shares
• Filing includes certification that shares are held in the ordinary course and not to change control
• Identifies reporting entity and related investment management entities

Negative

• None.

Insights

Financial Analyst

TL;DR: CRGI reports a material 6.7% beneficial stake in Starbucks with nearly identical sole voting and dispositive powers.

The Schedule 13G shows Capital Research Global Investors beneficially owns 76,686,152 shares (6.7%) of Starbucks common stock and holds sole voting power for 76,676,488 shares and sole dispositive power for 76,686,152 shares. The filing includes a certification that the stake is held in the ordinary course of business and not to change control. As a disclosure-only filing, it documents institutional ownership levels and voting/dispositive authorities without reporting acquisitions or transactions beyond the ownership totals stated.

Corporate Governance Expert

TL;DR: Institutional ownership of 6.7% is disclosed; voting and disposition figures are specified and the filing asserts passive intent.

The document identifies CRGI as a division of Capital Research and Management Company and affiliated investment management entities, collectively reporting beneficial ownership of 76,686,152 shares. The Schedule 13G includes explicit counts for sole voting and dispositive power and an explicit certification that the holdings are not intended to influence control. This filing provides clear, itemized ownership and authority figures relevant to shareholder composition and governance records.

08/13/2025 - 11:39 AM

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Starbucks Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

855244109

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 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 76,676,488.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 76,686,152.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

76,686,152.00

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)

6.7 %

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: 76,686,152 ** **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 76,686,152 shares or 6.7% of the 1,136,400,000 shares believed to be outstanding.
(b)	Percent of class: 6.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 76,676,488
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 76,686,152
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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:	08/05/2025

FAQ

Who filed the Schedule 13G for Starbucks (SBUX)?

Capital Research Global Investors filed the Schedule 13G, as a division of Capital Research and Management Company and related investment management entities.

How many Starbucks shares does CRGI report owning and what percent is that of the class?

CRGI reports beneficial ownership of 76,686,152 shares, representing 6.7% of the 1,136,400,000 shares believed outstanding.

What voting and dispositive powers does CRGI report for SBUX shares?

Sole voting power for 76,676,488 shares and sole dispositive power for 76,686,152 shares are reported in the filing.

When is the event date and what CUSIP is listed on the filing?

Event date 06/30/2025 is shown and the filing lists CUSIP 855244109 for Starbucks common stock.

Does the filing state the purpose of the holdings (e.g., to influence control)?

The Schedule 13G certification states the securities are held in the ordinary course of business and were not acquired to change or influence control.

Who signed the Schedule 13G and when was it signed?

Signature: Jae Won Chung, Vice President and Senior Counsel II, Capital Research and Management Company; Date: 08/05/2025.