11 Best Coffee Stocks to Buy Now

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9. The J.M. Smucker Company (NYSE:SJM)

Number of Hedge Fund Holders: 7

The J.M. Smucker Company (NYSE:SJM) manufactures and markets branded food and beverage products under a portfolio of brands. Its operations are divided into four segments: US Retail Coffee, US Retail Frozen Handheld and Spreads, US Retail Pet Foods, and Sweet Baked Snacks. The US Retail Coffee segment primarily encompasses the domestic sales of Folgers, Dunkin’, and Cafe Bustelo branded coffee.

Over the past five quarters, The J.M. Smucker Company (NYSE:SJM) has maintained strong trends and attained strong industry standing in the frozen foods and snacks segment. It has driven consistent top-line growth through advertising, trade, and innovation investments.

In addition, its solid financial position is further supported by free cash flow conversion surpassing 100% due to efficient working capital management, particularly in inventory. It currently offers a quarterly dividend of $1.08 per share and has a dividend yield of 3.89% as of February 24.

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