Ameriprise Financial Boosts Starbucks Stake by 80%

Investment firm now owns over 5 million shares of the coffee giant

Mar. 16, 2026 at 7:23am

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Ameriprise Financial Inc. has significantly increased its stake in Starbucks Corporation, acquiring an additional 2,277,792 shares during the third quarter. This represents an 80.6% increase in Ameriprise's holdings, bringing its total ownership to 5,105,164 shares or 0.45% of the coffee company's stock.

Why it matters

Ameriprise's increased investment in Starbucks suggests the firm sees strong growth potential for the coffee chain, which has been navigating pandemic-era challenges. The move also highlights the continued institutional interest in Starbucks as a long-term growth play in the consumer discretionary sector.

The details

According to a regulatory filing, Ameriprise Financial bought the additional Starbucks shares during the third quarter of the year. This boosts the firm's total stake in the company to over 5.1 million shares, worth approximately $433.9 million based on Starbucks' current stock price.

  • Ameriprise Financial acquired the additional 2,277,792 Starbucks shares during the third quarter of 2026.

The players

Ameriprise Financial Inc.

A diversified financial services firm that provides wealth management, asset management, insurance, annuities and other financial products and services.

Starbucks Corporation

A global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses.

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The takeaway

Ameriprise's increased stake in Starbucks underscores the coffee giant's continued appeal to institutional investors despite the challenges posed by the pandemic. The move suggests Ameriprise sees Starbucks as a long-term growth opportunity in the consumer discretionary sector.