The National Coffee Association (NCA) had a study conducted to measure how coffee contributes to the U.S economy. The final report resulted in the first comprehensive study of the impact of coffee on the U.S. economy.
And the results speak for themselves.
- Total economic impact of the coffee industry in the US in 2015 was $225.2 billion
- Coffee-related economic activity is at 1.6% of the total U.S. gross domestic product
- Consumers spent $74.2 billion on coffee in 2015
- Coffee is responsible for 1,694,710 jobs in the US economy
- The coffee industry generates $28 billion in taxes
Although we focus on coffee as a commodity it’s always important to look at the Top Coffee Stocks. Let’s look at Q2 of 2021.
For the Value these stocks are on top!
J.M. Smucker Co.: This company manufactures food products globally. The company is best known for its fruit spreads and peanut butter. The company announced at the end of January that it had completed the sale of its Natural Balance premium pet food business to Nexus Capital Management LP for $50 million.
Nestlé SA: This company is a Switzerland-based multinational packaged food company offering a wide variety of products ranging from baby food and bottled water to dairy products, frozen food, coffee, and more.
Keurig Dr. Pepper Inc.: This is a company that makes and distributes non-alcoholic beverage products including coffee. The company serves customers throughout North America. They announced in late February financial results for its 2020 fiscal year, which ended December 31, 2020. Net income rose 5.7% as net sales grew 4.5%.
And as usual the stock with the most momentum is Starbucks.
Should you invest in coffee?
Coffee is positioned to hold steady with a mild long term growth pattern.
Great News for those looking to diversify into a stable commodity investment.
Contact Us Now for More Information or Talk About Investing with TCI Partners
Call us at 470-363-4080
[wpforms id=”193″ title=”false”]
