BlackRock Inc. disclosed the purchase of 83,222,518 Starbucks Corporation shares in an SEC filing. The investment is valued at approximately $8.50 billion. This acquisition gives BlackRock a 7.30% stake in the company.
The move comes as Starbucks eliminates over 200 corporate positions. These cuts are part of a plan to achieve $2 billion in cost reductions.
Starbucks stock gained roughly 25% in 2026. The market has rewarded the company’s operational reset and recent cafe investments. BlackRock’s entry reinforces confidence in the current restructuring and growth strategy.