Starbucks (SBUX 0.59%) stock shot up this month after the company announced that former Chipotle CEO Brian Niccol was swapping burritos for beans. Under Niccol's leadership, Chipotle's stock increased by nearly 800%, and now investors are eager to see if he can deliver a fresh shot of success to Starbucks as well.
If you've been holding on to Starbucks shares since its IPO, you're likely even more excited about what's brewing for the coffee giant. Thanks to multiple stock splits over the years, the number of Starbucks' shares in your account has ballooned. And if the stock price keeps climbing, your shares could be worth a pretty penny.
Diving into Starbucks' stock split record
On June 26, 1992, Microsoft debuted as a public company on the Nasdaq at an initial public offering of $17 per share. Since then, the coffee powerhouse has executed six 2-for-1 stock splits.
Although there's a lot of buzz around stock splits, they don't fundamentally change the value of your investment. You'll just have more shares in your account at a lower price per share. For example, if Starbucks declared a 2-for-1 stock split, and you had one share worth $100, you'd end up with two shares worth $50 each.
Here's a snapshot of Starbucks' stock split timeline.
| Payable Date | Split Type |
|---|---|
| April 8, 2015 | 2-for-1 |
| Oct. 21, 2005 | 2-for-1 |
| April 27, 2001 | 2-for-1 |
| March 19, 1999 | 2-for-1 |
| Dec. 1, 1995 | 2-for-1 |
| Sept. 29, 1993 | 2-for-1 |
Data source: Starbucks. Table by author.
If you owned one share of Starbucks at the time of its IPO, you would now have 64 shares after those six stock splits. And during that time, the stock price has also surged from $17 at the IPO to $92.43 as of Aug. 22, 2024.
If Niccol can replicate his Chipotle success at Starbucks and elevate the share price to new heights, investors could be in for a rewarding journey.
