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Are Consumer Staples Stocks Lagging MGP Ingredients (MGPI) This Year?

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For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Has MGP (MGPI - Free Report) 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.

MGP is a member of the Consumer Staples sector. This group includes 201 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. MGP is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for MGPI's full-year earnings has moved 1.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, MGPI has moved about 44.2% on a year-to-date basis. In comparison, Consumer Staples companies have returned an average of -3%. This shows that MGP is outperforming its peers so far this year.

One other Consumer Staples stock that has outperformed the sector so far this year is Smucker (SJM - Free Report) . The stock is up 11.6% year-to-date.

In Smucker's case, the consensus EPS estimate for the current year increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, MGP belongs to the Food - Miscellaneous industry, a group that includes 51 individual companies and currently sits at #60 in the Zacks Industry Rank. On average, this group has gained an average of 5.4% so far this year, meaning that MGPI is performing better in terms of year-to-date returns. Smucker is also part of the same industry.

Investors interested in the Consumer Staples sector may want to keep a close eye on MGP and Smucker as they attempt to continue their solid performance.


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The J. M. Smucker Company (SJM) - free report >>

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