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Starbucks Corp. (SBUX) has grown into one of the world's biggest coffeehouse chains by selling an ever-growing selection of products. It's a retailer, roaster, and provider of its own brand of specialty coffee. It also sells hot and cold beverage products, baked goods and other food items, as well as coffee-related merchandise like mugs, scoops, and presses.

The first Starbucks opened in 1971 at Seattle’s historic Pike Place Market and went public two decades later in 1992. From its beginning as a single storefront serving fresh-roasted whole bean coffees, the company now has 32,000 stores in scores of countries. Starbucks earned net income of $4.1 billion on annual revenue of just under $36 billion for the fiscal year ending October 1, 2023. It has a total market capitalization of over $88.3 billion as of May 2024.

Below, we'll look at the top five shareholders in Starbucks based on the number of shares owned. As of 2024, all five of these shareholders are investment management companies. Starbucks' former Chief Executive Officer (CEO) and founder Howard Schultz no longer appears to be in the top five shareholders.

Vanguard is one of the world's largest investment management companies, offering 423 low-cost mutual funds and exchange-traded funds (ETFs) as of May 2024. The firm has about $6.2 trillion in global assets under management (AUM). Vanguard's funds hold approximately 90.5 million shares of Starbucks, comprising about 7.7% of the total number of shares outstanding with a market value of nearly $6.0 billion. The Vanguard Total Stock Market ETF (VTI) is one of the company's largest ETFs with about $138.7 billion in AUM. As much as 0.30% of VTI's holdings are allocated to shares of Starbucks.

BlackRock is one of the world's leading asset and investment management firms with approximately $6.47 trillion in AUM. The firm offers a wide range of mutual funds, iShares ETFs and closed-end funds. BlackRock's funds hold approximately 84.3 million shares of Starbucks, comprising about 7.2% of the total number of shares outstanding with a market value of $5.5 billion. The iShares Core S&P 500 ETF (IVV) is one of BlackRock's largest ETFs with about $185.8 billion in AUM. As much as 0.35% of IVV's holdings are shares of Starbucks.

State Street is a leading asset and investment management company with approximately $3.1 trillion in AUM. The firm provides a range of financial products and services to institutional investors around the world. State Street's funds hold approximately 51.4 million shares of Starbucks, comprising about 4.4% of total shares outstanding with a market value of $3.4 billion. The SPDR S&P 500 ETF Trust (SPY) is one of State Street's largest ETFs with about $270.3 billion in AUM. As much as 0.34% of SPY's holdings are allocated to shares of Starbucks.

Magellan Asset Management is an Australia-based asset and investment management company offering a range of financial products and services including, asset management, equities, ETFs, investment strategies, financial planning, and more. Magellan's funds hold approximately 31.5 million shares of Starbucks, comprising about 2.7% of the total number of shares outstanding with a market value of $2.1 billion. One of Magellan's biggest funds, at $11.9 billion in assets, is the Magellan Global Fund. Shares of Starbucks are among the fund's top ten holdings.

Howard Schultz is an American billionaire and one of Starbucks' biggest shareholders. He remains chair emeritus of Starbucks after stepping down in 2018 from his roles as executive chair and board member of the company. But his relationship to the company goes all the way back to the early 1980s when he first met Starbucks owners Gerald Baldwin and Gordon Bowker. Impressed by their passion for coffee, Schultz persuaded Baldwin to hire him on as the company's director of retail operations and marketing. In 1983, Schultz made a trip to Italy and became inspired by the popularity of espresso bars in Milan. When he returned, he convinced Starbucks' owners to create a similar coffeehouse culture in Seattle. Several years later, Schultz would begin his first stint as CEO, expanding the company from 17 stores in 1987 to more than 3,500 stores in 2000. He then stepped down and became chair. But when the company began to founder, he resumed the role of CEO in 2008 and continued in that position until 2017. Schultz owns about 33.0 million shares of Starbucks directly and 1.7 million indirectly through trusts, which comprise about 2.9% of the company's total shares outstanding. The value of his shares is estimated at nearly $2.3 billion as of March 31, the period for which other large shareholders reported.

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Actress Anita Joseph has said “My husband has every right to tell me not to go out,” as she kn%cks Media personality Sandra Ezekwesili for teaching n%nsense.

She said her husband has every right to tell her no to go out.

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Shares of Lowe (LOW) are rising in premarket trading as the home-improvement retailer reported higher-than-forecast sales and earnings; Microsoft (MSFT) is set to give more details of its new category of Windows PCs at today’s Microsoft Build developer conference; shares of Palo Alto Networks (PANW) are slumping after the cybersecurity firm issued a downbeat outlook; Macy's (M) shares are gaining after a profit beat; and cryptocurrencies are up further after big gains Monday and increasing confidence about an ether ETF approval. U.S. stock futures are little changed ahead of the hotly anticipated earnings report from Nvidia (NVDA) and the Federal Reserve's meeting minutes, both set for release Wednesday. Here’s what investors need to know today.

Shares of Lowe's (LOW) are up more than 2% in premarket trading, even though year-over-year quarterly sales fell, as the home-improvement retailer posted first-quarter results that beat top- and bottom-line estimates. The company said quarterly revenue was $21.36 billion, beating analysts’ estimates of $21.12 billion, while net income of $1.76 billion, or $3.06 per share, surpassed forecasts of $1.68 billion, or $2.93 per share. While both revenue and profit fell from the prior-year quarter, the results were in contrast to those of rival Home Depot (HD), which last week reported results that missed analysts’ forecasts, as inflation continued to take a toll on consumer spending on DIY projects.

Microsoft (MSFT) is set to give more details of its new category of Windows PCs at today’s developer conference, Microsoft Build. The company announced the launch of Copilot+ PCs designed for artificial intelligence (AI) at an event Monday and said these Windows AI PCs "outperform Apple’s MacBook Air by up to 58% in sustained multithreaded performance, all while delivering all-day battery life." Apple (AAPL) announced a new iPad model powered by the recently released M4 chip earlier in the month, in the iPhone maker's push into AI devices. Microsoft stock is up 0.4% in premarket trading.

Shares of Palo Alto Networks (PANW) are slumping nearly 7% in premarket trading after the cybersecurity firm issued a lackluster current-quarter and full-year outlook. For the full fiscal year, the company kept its billings guidance relatively unchanged, expecting it to range from $10.13 billion to $10.18 billion, compared with its earlier forecast of $10.10 billion to $10.20 billion. In an effort to pursue growth amid cautious enterprise spending on cybersecurity solutions, the company recently pivoted to a consolidated security platform, offering a range of initiatives, such as free product offers, to entice corporate signups.

Macy's (M) shares are up nearly 4% after it posted quarterly profits that beat analysts’ forecasts and upped its guidance for the year, in signs the retailer’s restructuring and closure of stores is starting to work. The retailer reported first-quarter adjusted earnings per share of 27 cents, beating forecasts of 15 cents, though revenue, which was down 2.7% year-over-year to $4.85 billion, was a tick below forecasts. Macy’s said it now expects full-year net sales of between $22.3 billion and $22.9 billion, versus the $22.2 billion to $22.9 billion range it projected in February.

Cryptocurrencies are rising ahead of the Securities and Exchange Commission’s (SEC) decision on approving spot exchange-traded funds (ETFs) for ether (ETHUSD). The SEC contacted at least one exchange and at least one potential spot ether ETF issuer to update related 19b-4 filings, reported. Ether, which surged 20% Monday, is rising again this morning, while bitcoin (BTCUSD) is little changed though trading above $71,000. The agency's approval of spot bitcoin ETFs earlier this year turbocharged the demand for the cryptocurrency. Crypto-tied stocks also are rising, with trading app Robinhood (HOOD) up 2.4% in premarket trading and cryptocurrency exchange Coinbase (COIN) up 3.7%.

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A Media personality Sandra Ezekwesili has told women that their husbands has no right to order you not to go out.

She said it’s not something to look forward to and it’s not something to nod approvingly of. She is trying to see the nuanced reason why this can/ could happen and she is struggling.

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Shares in Palo Alto Networks (PANW) slumped nearly 9% late Monday after the cybersecurity firm issued a lackluster current-quarter and full-year outlook, but the stock may find buying interest near a key zone of chart support.

Since retracing to the 200-day moving average (MA) in early April, Palo Alto Networks shares have trended cautiously higher, with the price crossing above the 50-day MA later that month. Trading volumes have increased over the past week, indicating bullish momentum leading into the company’s quarterly results. However, that positive sentiment looks set to end abruptly on Tuesday after the firm's lackluster outlook. 

Amid earnings-related selling, investors should monitor a region on the chart between $281 and $295, an area where the price finds a zone of support from the 50-day MA and prior price action over the past five months.

The stock finished after-hours trading at $295.61, an 8.7% decline from the end of the regular session.

For the fiscal fourth quarter ending in July, the Silicon Valley-based company guided revenue of $2.15 billion to $2.17 billion, with the $2.16 billion midpoint matching analysts’ forecast. It sees billings in the period, which account for deferred revenue, coming in between $3.43 billion and $3.48 billion, compared to expectations of $3.45 billion.

For the full fiscal year, the company kept its billings guidance relatively unchanged, expecting it to range from $10.13 billion to $10.18 billion, compared to its earlier forecast of $10.10 billion to $10.20 billion.

In an effort to pursue growth amid cautious enterprise spending on cybersecurity solutions, the company recently pivoted to a consolidated security platform, offering a range of initiatives, such as free product offers, to entice corporate signups.

"Minor full-year FY24 guidance revisions failed to indicate a meaningful upswing in momentum, and the downstream benefit of increasing platform buy-in from large customers remains to be seen. This was echoed by lackluster guidance for the Q4 FY24 period," Third Bridge analyst Jordan Berger told .

For the three-month period ending April 30, the cybersecurity giant posted adjusted earnings of $1.32 per share on net sales of $1.98 billion. Both metrics topped forecasts, which analysts had pegged at $1.25 a share and $1.97 billion, respectively. However, billings in the period of $2.33 billion slightly missed the $2.34 billion consensus.

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A Lady has shaked her head vigorously as she lamb@sted a man who didn’t pay for her food at an eatery but had the ‘effrontery’ to ask for her number.

She said she went to an eatery to get food and this guy stood there while she paid for everything only for him to follow her outside and asked for her number, when he could not pay for her food.

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