Starbucks Is the Third 'Most Admired Company' in the World

New research from Fortune ranks Starbucks the third most admired company in the world - and the No. 1 company in the worldwide food industry - in the annual Most Admired Companies list. Appearing on these lists is nothing new for the coffee giant - the company has appeared on the global list annually since 2003, ranking fifth in 2014 and 2015 - but this is its strongest showing yet.

For its research, Fortune partnered with Korn Ferry Hay Group, a global management consulting firm that has conducted the research for the World's Most Admired Companies list since 1997.

The list - what Fortune calls "the definitive report card on corporate reputations - begins with a starting base of 1,500 companies: the 1,000 largest in the U.S. ranked by revenue, and the non-U.S. companies in Fortune's Global 500 with revenues of $10 billion or more.

That's then narrowed down to the highest-revenue companies in each of 51 industries, a total of 680 companies in 28 countries.

From there, the partnership surveys 3,800 top executives, directors and securities analysts who had responded to surveys of the 10 companies they most admired, from a list of the 25 percent of last year's surveys plus those in the top 20 percent of their respective industries.

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Who else made the list? Tech giant Apple showed in first place, followed by in second place, then Berkshire Hathaway in fourth place and Disney in fifth place.

Alphabet, General Electric, Southwest Airlines, Facebook, Microsoft and FedEx rounded out the top 10. You can find the rest of the list here.

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