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? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Pepsico is a member of the Consumer Staples sector. This group includes 165 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PEP is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for PEP's full-year earnings has moved 0.22% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that PEP has returned about 20.25% since the start of the calendar year. At the same time, Consumer Staples stocks have gained an average of 17.39%. This means that Pepsico is outperforming the sector as a whole this year.
Breaking things down more, PEP is a member of the Beverages - Soft drinks industry, which includes 18 individual companies and currently sits at #209 in the Zacks Industry Rank. On average, this group has gained an average of 15.25% so far this year, meaning that PEP is performing better in terms of year-to-date returns.
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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