5 Best Coffee Stocks to Invest In

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

Number of Hedge Fund Holders: 35     

The J.M. Smucker Company (NYSE:SJM) manufactures and markets branded food and beverage products worldwide. It is one of the top coffee stocks to invest in. On August 23, the company posted earnings for the first fiscal quarter, reporting earnings per share of $1.67, beating estimates by $0.40. The revenue over the period was $1.8 billion, up over 0.5% compared to the revenue over the same period last year and in line with analyst estimates. The firm also raised revenue growth outlook to 4% – 5% versus prior outlook of 3.5% – 4.5%. 

On August 24, Stifel analyst Christopher Growe raised the price target on The J.M. Smucker Company (NYSE:SJM) to $148 from $140 and kept a Hold rating on the shares. The analyst had a strong Q1 earnings report in relation to expectations about The J.M. Smucker Company (NYSE:SJM).

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in The J.M. Smucker Company (NYSE:SJM), with 1 million shares worth more than $131 million.