We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Coca-Cola Europacific Partners (CCEP) Stock Outpacing Its Consumer Staples Peers This Year?
Read MoreHide Full Article
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has Coca-Cola European (CCEP - 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.
Coca-Cola European is a member of the Consumer Staples sector. This group includes 178 individual stocks and currently holds a Zacks Sector Rank of #14. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Coca-Cola European is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CCEP's full-year earnings has moved 3.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CCEP has moved about 20.7% on a year-to-date basis. Meanwhile, the Consumer Staples sector has returned an average of 4.9% on a year-to-date basis. This means that Coca-Cola European is outperforming the sector as a whole this year.
Cervecerias Unidas (CCU - Free Report) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 12.8%.
For Cervecerias Unidas, the consensus EPS estimate for the current year has increased 12.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Coca-Cola European belongs to the Beverages - Soft drinks industry, which includes 16 individual stocks and currently sits at #65 in the Zacks Industry Rank. Stocks in this group have gained about 5.2% so far this year, so CCEP is performing better this group in terms of year-to-date returns.
On the other hand, Cervecerias Unidas belongs to the Beverages - Alcohol industry. This 17-stock industry is currently ranked #179. The industry has moved +2.4% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola European and Cervecerias Unidas as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Coca-Cola Europacific Partners (CCEP) Stock Outpacing Its Consumer Staples Peers This Year?
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has Coca-Cola European (CCEP - 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.
Coca-Cola European is a member of the Consumer Staples sector. This group includes 178 individual stocks and currently holds a Zacks Sector Rank of #14. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Coca-Cola European is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CCEP's full-year earnings has moved 3.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CCEP has moved about 20.7% on a year-to-date basis. Meanwhile, the Consumer Staples sector has returned an average of 4.9% on a year-to-date basis. This means that Coca-Cola European is outperforming the sector as a whole this year.
Cervecerias Unidas (CCU - Free Report) is another Consumer Staples stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 12.8%.
For Cervecerias Unidas, the consensus EPS estimate for the current year has increased 12.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Coca-Cola European belongs to the Beverages - Soft drinks industry, which includes 16 individual stocks and currently sits at #65 in the Zacks Industry Rank. Stocks in this group have gained about 5.2% so far this year, so CCEP is performing better this group in terms of year-to-date returns.
On the other hand, Cervecerias Unidas belongs to the Beverages - Alcohol industry. This 17-stock industry is currently ranked #179. The industry has moved +2.4% year to date.
Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola European and Cervecerias Unidas as they could maintain their solid performance.