Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has Coca-Cola HBC (CCHGY) been one of those stocks this year? 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 HBC is one of 179 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #16 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Coca-Cola HBC is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 11.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CCHGY has returned about 41.8% since the start of the calendar year. Meanwhile, stocks in the Consumer Staples group have gained about 2.5% on average. This shows that Coca-Cola HBC is outperforming its peers so far this year.
One other Consumer Staples stock that has outperformed the sector so far this year is Chefs' Warehouse (CHEF). The stock is up 20.5% year-to-date.
Over the past three months, Chefs' Warehouse's consensus EPS estimate for the current year has increased 8%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Coca-Cola HBC is a member of the Beverages - Soft drinks industry, which includes 17 individual companies and currently sits at #222 in the Zacks Industry Rank. Stocks in this group have gained about 2% so far this year, so CCHGY is performing better this group in terms of year-to-date returns.
In contrast, Chefs' Warehouse falls under the Food - Miscellaneous industry. Currently, this industry has 41 stocks and is ranked #165. Since the beginning of the year, the industry has moved +5.2%.
Investors with an interest in Consumer Staples stocks should continue to track Coca-Cola HBC and Chefs' Warehouse. These stocks will be looking to continue their solid performance.
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Coca-Cola HBC (CCHGY): Free Stock Analysis Report The Chefs' Warehouse, Inc. (CHEF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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