Shearer, former skipper of the national football side, and present cricket captain Cook are both made Commanders of the British Empire (CBE).
Several notable female sporting personalities also feature including Martine Wiltshire, the sitting volleyball player and Paralympian who lost her legs in the 7/7 London bombings, for her services to sport.
Shearer, who is now a respected pundit with the BBC, gets his recognition for his charitable services to the community in North East England.
Both Shearer and Cook have already been honoured with the former receiving an Order of the British Empire (OBE) in 2001 and the latter a Member of the British Empire (MBE) following his sterling performances in the Ashes victory over Australia in 2010/11.
"Receiving this kind of honour means a great deal to me and it's also a hugely proud moment for me and my family," said Cook, who is presently leading England in the third and final Test against Sri Lanka at Lord's.
"I'm obviously delighted and very proud," said Broad. "It is a lovely moment for my family too."
"My parents will be delighted after guiding me into cricket and instilling me with a love of the game from an early age," added the 29-year-old whose father Chris is a former England opening batsman.
On Saturday he will become the record holder for
refereeing Test matches as he takes charge of his 71st, the highly-charged Pacific Islands clash of Fiji v Tonga in the hot climes of Suva.
"Rugby has enabled me to be who I am today and I hope that talking about my off-field experiences such as coming out and depression helps other people come to terms with their own personal battles," said Owens.
Britain's success in the Davis Cup last year was recognised with Andy Murray's older brother doubles specialist Jamie receiving an OBE as does the non-playing captain Leon Smith.
Other women to feature in the awards include Claire Williams, the deputy team principal of Formula 1 team Williams, who gets an OBE.
Hayley Turner may have retired from the saddle but her feats as a female jockey have been noted by the Queen -- a noted enthusiast of the Turf -- as she gets a MBE.
Turner more than mixed it with the likes of Frankie Dettori becoming the first woman to reach the landmark of 100 winners in a calendar year in 2008.
"I'd been signed off for a year (2009), but the neurosurgeon who treated me helped me appeal and I was back after four months.
"I rode at Ascot and finished second and the crowd cheered me back in, that was very emotional.
