The 7 Best Coffee Stocks for 2024

April 3, 2024

A quick but comprehensive list of the best coffee stocks to buy in 2024.

Best 7 Coffee Stocks This Year (So Far)

Let's Be Honest, America Loves Its Coffee

Coffee is ingrained in our daily lives. After water and tea, it's the most consumed beverage worldwide, making the industry a compelling investment opportunity.

What Are Coffee Stocks?

Owning a piece of the essential morning pick-me-up industry can be a wise investment. Coffee stocks offer a slice of the lucrative, $100+ billion coffee market.

Why Coffee Stocks?

  • Essential Staple: Coffee enjoys global popularity and consistent demand, making it a relatively recession-resistant industry.
  • Emerging Markets: Growth in developing countries is fueling increased coffee consumption.
  • Home Brewing Trend: The pandemic accelerated the at-home coffee market, benefiting companies with strong retail products.
  • Innovation: From specialty blends to cold brews, new products continue to entice consumers.

The Best Coffee Stocks for 2024

Here are the top 7 coffee stocks to consider for your portfolio:

1. Starbucks Corp. (NASDAQ: SBUX)

Dynamic Stock Chart for TICKER SBUX

Starbucks is the undisputed king of the coffeehouse scene. With global reach, brand recognition, and a loyal following, it's a safe bet for stability. The company successfully navigated pandemic challenges, and its focus on expansion and innovation promises continued growth.

2. Dutch Bros Inc. (NYSE: BROS)

Dynamic Stock Chart for TICKER BROS

Dutch Bros is a rapidly expanding drive-thru coffee chain popular on the West Coast of the US. Its focus on fun flavors, energetic service, and community involvement appeals to younger consumers, positioning it well for nationwide growth.

The New Digital America: How to Profit from the Historic Shift

Texas Oil Stock

A strange new day is coming to America in 2024. The way we shop, travel, communicate, and do business is being reshaped by emerging technologies like AI, blockchain, and cloud computing.

This digital transformation, accelerated by the pandemic, is creating an entire new class of wealth-building opportunities. Stocks that could soar 100% to 500% or more by taking advantage of this "New Digital America."

Legendary Wall Street analyst Marc Chaikin has developed a powerful system to pinpoint these future money-making stocks before the big money piles in. His proprietary "Power Gauge" uses 20 market factors to predict which under-the-radar stocks will be rated a BUY by Wall Street in the months ahead.

Don't miss your chance to get ahead of this massive wealth shift. Follow Marc's #1 stock pick for the New Digital America before it's too late.

3. Farmer Brothers Co. (NASDAQ: FARM)

Dynamic Stock Chart for TICKER FARM

Farmer Brothers offers a different angle, specializing in wholesale coffee supplies for restaurants, hotels, and institutions. With over a century of experience, it's well-established within its niche and poised to benefit from the recovery of the food service industry.

4. JDE Peet's (OTCMKTS: JDEPF)

Dynamic Stock Chart for TICKER JDEPF

JDE Peet's is a European coffee giant with a diverse portfolio of brands, including Peet's Coffee and Douwe Egberts. This international focus provides exposure to various markets and consumer preferences.

5. Keurig Dr. Pepper (NASDAQ: KDP)

Dynamic Stock Chart for TICKER KDP

Known for its popular Keurig single-serve brewing systems, Keurig Dr. Pepper has a strong presence in the at-home coffee market. The company's diverse beverage portfolio adds stability and potential for growth.

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

Dynamic Stock Chart for TICKER SJM

Smucker's is a classic consumer goods company with iconic coffee brands like Folgers and Dunkin' Donuts in its portfolio. It offers a solid dividend yield, appealing to income-oriented investors.

7. Restaurant Brands International (NYSE: QSR)

Dynamic Stock Chart for TICKER QSR

Restaurant Brands International owns the beloved Tim Hortons coffee chain, dominant in Canada and expanding internationally. It also boasts ownership of Burger King and Popeye's, offering diversification within the restaurant sector.

Investing Strategies

  • Diversify: Consider a mix of established players and promising up-and-comers.
  • Look Beyond Cafes: Companies supplying coffee wholesale or with retail products can be strong investments.
  • ETFs: Coffee-focused ETFs offer instant portfolio exposure to the industry.

Important Note: The stock market is inherently volatile. Thoroughly research companies and understand industry trends before investing.

Conclusion

Coffee is a timeless staple, and the right investments can provide both short-term gains and long-term stability. By staying informed about market developments and the companies positioned for success, you can enjoy the rewards of a well-brewed investment.

About the author 

Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.


Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.

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