Starbucks (SBUX +0.76%) is the world's largest coffee company. It had more than 38,000 stores open across the globe in mid-2024. It's the world's premier roaster and retailer of specialty coffee.
The company sells a staggering 90 million cups of coffee and tea around the world each day. It rang up a record $36 billion in sales in its 2023 fiscal year (up 12% from fiscal 2022) and more than $4 billion in profit (25% higher). Starbucks pours out a venti-sized portion of its profit to shareholders via dividend payments each year.
NASDAQ: SBUX
Key Data Points
As a publicly traded company, anyone can sip on Starbucks dividends and share its profits. Here's a closer look at who owns the company, its board of directors, and how you can invest money in this coffee stock.
Who owns Starbucks?
Starbucks has been a publicly traded company owned by its shareholders since it completed its initial public offering (IPO) in 1992. Thousands of individuals and institutional investors own Starbucks stock.
Shareholder
Who is on the board of directors for Starbucks?
Starbucks' board of directors helps steward the company on behalf of its shareholders and other stakeholders. It has a diverse board that brings significant leadership and related experience to the company.
Board of Directors
The Starbucks board lost a member in mid-2024 when Microsoft (MSFT +0.56%) CEO Satya Nadella resigned from the position he had held since 2017. The company didn't replace him on the board, opting to shrink its size from 11 to 10 members.
It's also worth noting that while former CEO Howard Schultz stepped down from the board in 2023, he became chairman emeritus and remains one of the company's largest shareholders.
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How to invest in Starbucks
Because Starbucks is a publicly traded company, anyone with a brokerage account can invest in its stock. If you don't have a brokerage account, they're easy to open. Here's a list of the top-rated brokerage and stock trading accounts. Make sure you research the brokers to find the best one for you.
Opening and funding a brokerage account is the first step to investing in stocks. Additional steps you'll need to take include:
- Figure out your budget: You'll want to decide how much you want to invest in Starbucks. The Motley Fool investing philosophy recommends building a diversified portfolio with at least 25 stocks. So, if you have $10,000 you want to invest, you'd allocate about $400 equally across 25 stocks, including Starbucks. However, you can start small, initially aiming to own at least 10 stocks.
- Do your research: It's imperative to thoroughly research a company before you buy shares. You should check out its competitors, learn about its balance sheet, and investigate its profitability. You need to ensure any investment aligns with your risk tolerance, values, and return objectives.
- Fill out your order page: When you're ready to buy shares, you'll open the order page at your brokerage account and fill out all the relevant information, including:
- The number of shares you want to buy (or the amount you want to invest in fractional shares).
- The correct stock ticker (SBUX for Starbucks).
- The order type (market or limit order).
You should double-check your order page before submitting your trade. When you're ready, click submit to become a Starbucks shareholder.
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