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Is Coca-Cola (KO) Outperforming Other Consumer Staples Stocks This Year?

Zacks Equity Research

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Coca-Cola (KO) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.

Coca-Cola is one of 166 companies in the Consumer Staples group. The Consumer Staples group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. KO is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for KO's full-year earnings has moved 0.22% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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Based on the latest available data, KO has gained about 3.91% so far this year. Meanwhile, stocks in the Consumer Staples group have gained about 16.18% on average. This means that Coca-Cola is performing better than its sector in terms of year-to-date returns.

Looking more specifically, KO belongs to the Beverages - Soft drinks industry, which includes 18 individual stocks and currently sits at #103 in the Zacks Industry Rank. On average, this group has gained an average of 11.90% so far this year, meaning that KO is slightly underperforming its industry in terms of year-to-date returns.

Investors with an interest in Consumer Staples stocks should continue to track KO. The stock will be looking to continue its solid performance.


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Zacks Investment Research