BlackRock Amends Starbucks Stake, Maintains Significant Passive Holding
Ticker: SBUX · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 829224
| Field | Detail |
|---|---|
| Company | Starbucks Corp (SBUX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Starbucks, showing institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of Starbucks Corporation (SBUX) common stock as of December 31, 2023. This filing, Amendment No. 4, indicates BlackRock's continued significant, though passive, stake in Starbucks. This matters to investors because BlackRock is one of the world's largest asset managers, and its substantial holding signals institutional confidence in Starbucks, potentially influencing other investors and the stock's stability.
Why It Matters
BlackRock's continued large, passive ownership in Starbucks signals institutional confidence, which can reassure investors and contribute to stock stability.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk or change in company operations.
Analyst Insight
Investors should view this as a routine update confirming BlackRock's continued passive investment in Starbucks, reinforcing the stock's institutional backing without signaling any immediate catalysts or concerns.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Starbucks Corporation (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 4 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Starbucks for the foreseeable future. (BlackRock, Inc.) — high confidence, target: 2025-12-31
- Starbucks' stock will continue to be viewed favorably by large institutional investors due to its market position. (Starbucks Corporation) — medium confidence, target: 2024-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4)'.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.'.
What company's securities are the subject of this filing?
The subject company is STARBUCKS CORPORATION, as indicated by '(Name of Issuer) STARBUCKS CORPORATION'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding STARBUCKS CORP (SBUX).