Coca Cola KO Exceeds Earnings Estimates but Here Are the 5 Best Consumer Staples Stocks to Buy Now
Coca-Cola (KO) Exceeds Earnings Estimates, but Here Are the 5 Best Consumer Staples Stocks to Buy Now Kiplinger Kiplinger is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Here's why you can trust us.
To that end, we screened the S&P 500 for industry analysts' top-rated consumer staples stocks, using data from S&P Global Market Intelligence. A quick note on S&P Global Market Intelligence's ratings system: S&P surveys analysts' stock recommendations and scores them on a five-point scale, where 1.0 equals a Strong Buy and 5.0 is a Strong Sell. Any score equal to or below 2.5 means that analysts, on average, rate the stock at Buy. The closer a score gets to 1.0, the stronger the consensus Buy recommendation. That led us to the following five S&P 500 consumer staples stocks, which we list below by strength of analysts consensus recommendations, from lowest to highest conviction. (Market data and analysts' ratings are as of Oct. 24.) Estee Lauder (EL (opens in new tab)), Walmart (WMT (opens in new tab)), Costco Wholesale (COST (opens in new tab)), Constellation Brands (STZ (opens in new tab)) and Mondelez International (MDLZ (opens in new tab)) made the cut. Have a look at Wall Street's favorite S&P 500 consumer staples stocks to buy now – with consensus recommendations and implied upside to price targets – below: (Image credit: S&P Global Market Intelligence; Kiplinger) 65 Best Dividend Stocks You Can Count On in 2022 (opens in new tab) Explore More Coca-Cola (KO) Walmart (WMT) PepsiCo (PEP) Nestle (NSRGY) Procter & Gamble (PG) Costco (COST) Mondelez (MDLZ) Constellation Brands (STZ) Dan BurrowsSenior Investing Writer, Kiplinger.comDan Burrows is a financial writer at Kiplinger, having joined the august publication full time in 2016.
A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.
Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.
In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more.
Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.
Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. Latest Worried About Inflation? You Can Help Protect Yourself From Its Impact Delaying major purchases can help shield present you, and future you could benefit from continuing to invest and contribute to your retirement plans. By Kelly LaVigne, J.D. • Published 13 November 22 What Is Lifetime Income Insurance Worth? A Guaranteed Lifetime Withdrawal Benefit (GLWB) could be just what you need when markets are down and you're worried about future income. By David Blanchett, PhD, CFA, CFP® • Published 12 November 22 You might also like Kiplinger's Weekly Earnings Calendar (Nov. 14-18) stocks Check out our earnings calendar for the upcoming week. By Karee Venema • Published 11 November 22 5 Best Dow Dividend Stocks to Buy Now This mini-portfolio of Dow dividend stocks is well-positioned to generate income and deliver outperformance in tempestuous market times. By Dan Burrows • Last updated 26 October 22 Stock Market Today: Stocks Fall as Bond Yields Climb Not all stocks were lower, though. Netflix, Procter & Gamble and United Airlines were all up after earnings. By Karee Venema • Published 19 October 22 What a Historically Low British Pound Means for Investors The British pound sank after the U.K. government unveiled its largest set of tax cuts in decades. Here's what that means for U.S. investors. By Will Ashworth • Last updated 28 September 22 Stock Market Today: Dow Plummets 486 Points, Nears Bear Market Stock Market Today The selling wasn't confined to the equities market, with crude oil, gold and Bitcoin all suffering steep losses. By Karee Venema • Published 23 September 22 What Retail Earnings Say About the Consumer stocks The latest batch of retail earnings point to a resilient consumer in these high-inflation times, analysts say. By Karee Venema • Published 17 August 22 Stock Market Today: Dow Reclaims 34K as Walmart, Home Depot Stocks Soar Stock Market Today Both retailers reported higher-than-expected earnings and revenue in Q2 and reiterated their full-year forecasts. By Karee Venema • Published 16 August 22 Walmart Headlines Busy Week of Retail Earnings stocks Our preview of the upcoming week's earnings reports includes Walmart (WMT), Lowe's Companies (LOW) and BJ's Wholesale Club Holdings (BJ). By Karee Venema • Published 15 August 22 View More ▸ kiplinger About Us (opens in new tab) Terms and Conditions (opens in new tab) Privacy Policy (opens in new tab) Cookie Policy (opens in new tab) Kiplinger is part of Future plc, an international media group and leading digital publisher. Visit our corporate site.
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Coca-Cola (KO) Exceeds Earnings Estimates, but Here Are the 5 Best Consumer Staples Stocks to Buy Now
Consumer staples stocks are beating the broader market this year and analysts say these five names are poised for more outperformance ahead. (opens in new tab) (opens in new tab) (opens in new tab) Newsletter sign up Newsletter (Image credit: Getty Images) By Dan Burrows last updated 25 October 2022 Coca-Cola (KO (opens in new tab)) earnings topped Wall Street's third-quarter earnings estimates Tuesday, joining a parade of other consumer staples (opens in new tab) companies whose operations are holding up well despite a sluggish economy and inflationary pressures. Rival PepsiCo (PEP (opens in new tab)) likewise beat analysts' projections earlier this earnings season and, like KO, raised its full-year forecast. Meanwhile, consumer products giants Nestle (NSRGY (opens in new tab)) and Procter & Gamble (PG (opens in new tab)) posted better-than-expected sales a week ago. 5 Best Dow Dividend Stocks to Buy Now (opens in new tab) Consumer staples stocks are supposed to offer downside protection when the market is selling off, and they have certainly been holding up their end of the defensive bargain so far in 2022. The consumer staples sector of the S&P 500 is off 9.1% for the year-to-date to beat the broader market by more than 10 percentage points. Only the energy and healthcare sectors have done better, and only the former has generated positive returns in 2022.Subscribe to Kiplinger s Personal Finance
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Profit and prosper with the best of Kiplinger's expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of Kiplinger's expert advice - straight to your e-mail. Sign up Coca-Cola, a member of the Dow Jones Industrial Average, is benefitting from pricing power (opens in new tab). In other words, the fizzy drinks maker is able to pass rising input costs along to consumers in the form of higher prices. Indeed, pricing power is a key reason that Coca-Cola is not only one of the top Dow stocks to buy now (opens in new tab), but also happens to be one of the best stocks to buy for a bear market (opens in new tab). Pepsi, P&G and Nestle have also been able to lean on their customers' brand loyalty in order to prevent them from trading down to less expensive alternatives. None of this is a secret, of course, and these well-known stocks' respective resilience is already reflected in analysts' recommendations. So we decided to go looking for consumer staples stocks that Wall Street likes better than the aforementioned names at current levels. Citigroup, Wells Fargo and JPMorgan Climb. Is It Time To Buy Bank Stocks Now? (opens in new tab)To that end, we screened the S&P 500 for industry analysts' top-rated consumer staples stocks, using data from S&P Global Market Intelligence. A quick note on S&P Global Market Intelligence's ratings system: S&P surveys analysts' stock recommendations and scores them on a five-point scale, where 1.0 equals a Strong Buy and 5.0 is a Strong Sell. Any score equal to or below 2.5 means that analysts, on average, rate the stock at Buy. The closer a score gets to 1.0, the stronger the consensus Buy recommendation. That led us to the following five S&P 500 consumer staples stocks, which we list below by strength of analysts consensus recommendations, from lowest to highest conviction. (Market data and analysts' ratings are as of Oct. 24.) Estee Lauder (EL (opens in new tab)), Walmart (WMT (opens in new tab)), Costco Wholesale (COST (opens in new tab)), Constellation Brands (STZ (opens in new tab)) and Mondelez International (MDLZ (opens in new tab)) made the cut. Have a look at Wall Street's favorite S&P 500 consumer staples stocks to buy now – with consensus recommendations and implied upside to price targets – below: (Image credit: S&P Global Market Intelligence; Kiplinger) 65 Best Dividend Stocks You Can Count On in 2022 (opens in new tab) Explore More Coca-Cola (KO) Walmart (WMT) PepsiCo (PEP) Nestle (NSRGY) Procter & Gamble (PG) Costco (COST) Mondelez (MDLZ) Constellation Brands (STZ) Dan BurrowsSenior Investing Writer, Kiplinger.comDan Burrows is a financial writer at Kiplinger, having joined the august publication full time in 2016.
A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.
Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.
In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more.
Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.
Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. Latest Worried About Inflation? You Can Help Protect Yourself From Its Impact Delaying major purchases can help shield present you, and future you could benefit from continuing to invest and contribute to your retirement plans. By Kelly LaVigne, J.D. • Published 13 November 22 What Is Lifetime Income Insurance Worth? A Guaranteed Lifetime Withdrawal Benefit (GLWB) could be just what you need when markets are down and you're worried about future income. By David Blanchett, PhD, CFA, CFP® • Published 12 November 22 You might also like Kiplinger's Weekly Earnings Calendar (Nov. 14-18) stocks Check out our earnings calendar for the upcoming week. By Karee Venema • Published 11 November 22 5 Best Dow Dividend Stocks to Buy Now This mini-portfolio of Dow dividend stocks is well-positioned to generate income and deliver outperformance in tempestuous market times. By Dan Burrows • Last updated 26 October 22 Stock Market Today: Stocks Fall as Bond Yields Climb Not all stocks were lower, though. Netflix, Procter & Gamble and United Airlines were all up after earnings. By Karee Venema • Published 19 October 22 What a Historically Low British Pound Means for Investors The British pound sank after the U.K. government unveiled its largest set of tax cuts in decades. Here's what that means for U.S. investors. By Will Ashworth • Last updated 28 September 22 Stock Market Today: Dow Plummets 486 Points, Nears Bear Market Stock Market Today The selling wasn't confined to the equities market, with crude oil, gold and Bitcoin all suffering steep losses. By Karee Venema • Published 23 September 22 What Retail Earnings Say About the Consumer stocks The latest batch of retail earnings point to a resilient consumer in these high-inflation times, analysts say. By Karee Venema • Published 17 August 22 Stock Market Today: Dow Reclaims 34K as Walmart, Home Depot Stocks Soar Stock Market Today Both retailers reported higher-than-expected earnings and revenue in Q2 and reiterated their full-year forecasts. By Karee Venema • Published 16 August 22 Walmart Headlines Busy Week of Retail Earnings stocks Our preview of the upcoming week's earnings reports includes Walmart (WMT), Lowe's Companies (LOW) and BJ's Wholesale Club Holdings (BJ). By Karee Venema • Published 15 August 22 View More ▸ kiplinger About Us (opens in new tab) Terms and Conditions (opens in new tab) Privacy Policy (opens in new tab) Cookie Policy (opens in new tab) Kiplinger is part of Future plc, an international media group and leading digital publisher. Visit our corporate site.
© Future US, Inc. Full 7th Floor, 130 West 42nd Street, New York, NY 10036.