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Has Pepsico (PEP) Outpaced Other Consumer Staples Stocks This Year?

Zacks Equity Research

Investors focused on the Consumer Staples space have likely heard of Pepsico (PEP), but is the stock performing well in comparison to the rest of its sector peers? 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.

Pepsico is one of 165 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. PEP is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for PEP's full-year earnings has moved 0.22% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the most recent data, PEP has returned 19.53% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 16.77% on a year-to-date basis. As we can see, Pepsico is performing better than its sector in the calendar year.

Looking more specifically, PEP belongs to the Beverages - Soft drinks industry, a group that includes 18 individual stocks and currently sits at #197 in the Zacks Industry Rank. This group has gained an average of 14.42% so far this year, so PEP is performing better in this area.

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


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Zacks Investment Research