LMNR - Amid a sector upswing here are the top 10 consumer staples names per SA Quant Ratings
2023-05-08 13:47:35 ET
With concerns about the economy and interest rates encouraging a defensive approach, consumer staples have represented the best-performing segment within the S&P 500 over the past month. Given this upswing, which names provide the best prospects for further returns?
Looking more closely at the recent performance for the sector, the consumer staples segment has climbed 2.4% over the past month, outshining the other S&P categories. The segment also finds itself higher on the year by 2.7% , which is good enough for fourth place when looking at all of the 11 S&P sectors.
Turning to individual names, Seeking Alpha has constructed a top 10 list of consumer staples stocks. These are based on the SA Quant Ratings , which grade equities on quantifiable variables like valuations, momentum and profitability.
Top 10 Consumer Staple Stocks with Highest Quant Grades
No. 10: Danone S.A. ( OTCQX:DANOY ): SA Quant rating 4.82 .
No. 9: Danone S.A.Limoneira Company ( LMNR ): SA Quant rating 4.82 .
No. 8: Heineken N.V. ( OTCQX:HEINY ): SA Quant rating 4.83 .
No. 7: The Kroger Co. ( NYSE: KR ): SA Quant rating 4.84 .
No. 6: Embotelladora Andina S.A. ( AKO.B ): SA Quant rating 4.85 .
No. 5: Nestlé S.A. ( OTCPK:NSRGY ): SA Quant rating 4.90 .
No. 4: Fomento Económico Mexicano ( FMX ): SA Quant rating 4.90 .
No. 3: Coca-Cola FEMSA, S.A.B. de C.V. ( NYSE: KOF ): SA Quant rating 4.90 .
No. 2: Coty Inc. ( COTY ): SA Quant rating 4.93 .
No. 1: The Vita Coco Company, Inc. ( NASDAQ: COCO ): SA Quant rating 4.98 .
For investors who are looking for a more diversified approach to the consumer staples sector, see below a list of popular consumer staple exchange traded funds:
- Consumer Staples Select Sector SPDR Fund ( XLP )
- Vanguard Consumer Staples ETF ( VDC )
- iShares U.S. Consumer Staples ETF ( IYK )
- First Trust Consumer Staples AlphaDEX Fund ( FXG )
- Invesco Dynamic Food & Beverage ETF ( PBJ )
- First Trust Nasdaq Food & Beverage ETF ( FTXG )
More on Consumer Staples:
- Does Procter & Gamble’s earnings pop make the stock a buy?
- Dividend Corner: Is Walmart a good dividend stock pick amid recessionary fears?
- Major Consumer Staples ETFs reach 4-month highs
- Coke Vs. Pepsi: Which Is The Better Buy For Dividends?
For further details see:
Amid a sector upswing, here are the top 10 consumer staples names per SA Quant Ratings