Scientific Conference to Discuss Diabetes Prevention with Caffeine - Top Coffee Stocks
Peet's Coffee & Tea, Inc. was recently taken over by Joh. A. Benckiser, a privately held group focused on consumer goods companies, for $73.50 per share in cash. Yet, investors still have several other options in terms of coffee stocks. WallStreetNewsNetwork.com has recently updated its list of publicly traded companies in the coffee business, and a few of them pay dividends.
Starbucks (SBUX) is the largest coffeehouse retailer in the world, with outlets in 50 countries and over 17,000 shops worldwide. The stock trades at 19.5 times forward earnings and pays a yield of 1.6%. Earnings for the latest quarter were flat on an 11% increase in revenues.
The J. M. Smucker Co. (SJM) sells the Folgers brand of coffee, along with spreads, toppings, and beverages. The stock has a forward price to earnings ratio of 14.9 and a decent yield of 2.5%. Quarterly earnings relatively flat on an 15.2% rise in sales.
With regards to wholesalers, there is Coffee Holding Co. (JVA), a roaster of wholesale coffee which markets wholesale green coffee, private label coffee, and branded coffee in the US and Canada. The stock trades at 6.1 times forward earnings and has a dividend yield of 1.9%. Earnings for the latest reported quarter spiked by an incredible 631.8% on an 24.4% increase in revenues.
For a list of all of the coffee stocks, including more than half a dozen that pay dividends, go to WallStreetNewsNetwork.com. The list can be downloaded, sorted, and updated.
Disclosure: Author didn't own any of the above at the time the article was written.