Are Consumer Staples Stocks Lagging Keurig Dr Pepper (KDP) This Year?

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Keurig Dr Pepper, Inc (KDP) 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.

Keurig Dr Pepper, Inc is one of 187 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #15 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. Keurig Dr Pepper, Inc is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for KDP's full-year earnings has moved 0.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that KDP has returned about 18.2% since the start of the calendar year. At the same time, Consumer Staples stocks have gained an average of 9.7%. This means that Keurig Dr Pepper, Inc is performing better than its sector in terms of year-to-date returns.

Another stock in the Consumer Staples sector, Kerry Group PLC (KRYAY), has outperformed the sector so far this year. The stock's year-to-date return is 11.7%.

In Kerry Group PLC's case, the consensus EPS estimate for the current year increased 1.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Keurig Dr Pepper, Inc belongs to the Beverages - Soft drinks industry, a group that includes 21 individual companies and currently sits at #92 in the Zacks Industry Rank. On average, stocks in this group have gained 16.6% this year, meaning that KDP is performing better in terms of year-to-date returns.

Kerry Group PLC, however, belongs to the Food - Miscellaneous industry. Currently, this 47-stock industry is ranked #201. The industry has moved -2.4% so far this year.

Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Keurig Dr Pepper, Inc and Kerry Group PLC as they could maintain their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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