Starbucks is currently valued at $75 billion, and as of yesterday the company was worth $71.5 billion.
The company has a $1.2 billion buyout package that was approved by regulators last year.
In an interview with Business Insider, Starbucks CEO Howard Schultz said that the stock price has risen by over 1,000% in the past year.
Schultz said he believes that the company is in the midst of an incredible turnaround.
“I’ve been a long time believer in the power of the long-term, and we have that power,” Schultz said.
And I think if you take a step back, it’s a lot of money.” “
The question is, how long can we keep that money coming back?
And I think if you take a step back, it’s a lot of money.”
Schultz said the company’s cash flow was a big part of the turnaround.
The stock has seen its value increase by nearly $10 billion in the last six months, according to Morningstar.
The coffee giant’s stock was up 1,700% in value in 2017, but that was just the first quarter.
For comparison, the stock market saw a 17% jump in 2017.
The shares are currently valued between $65 and $70 per share, and the company has more than $5 billion in cash on hand.
In addition to its stock, Schultz said Starbucks also owns a controlling stake in a California-based chain of food delivery companies.
Starbucks said in a statement that its purchase of Taco Bell and Chipotle in 2015 was one of the largest corporate buyouts in history, and that it plans to add “significant value” to its portfolio in the next three years.
Schultz has been an outspoken advocate for investing in food companies over the years.
He has invested in companies like General Mills, Whole Foods, Trader Joe’s, and Trader Joe Fresh.
In his interview with BI, Schultz told BI that he believes he has found the right investor for Starbucks.
“We are in a great position to be able to really leverage our business in a very significant way, and to do so with the strength of our brand and the breadth of our customer base,” Schultz told the company.
“So I think we’re in a position to really really leverage this and have some great value there.
And that’s really exciting.”