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) 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) 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.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coca-Cola Europacific Partners (CCEP): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report Compania Cervecerias Unidas, S.A. (CCU): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Fox Corporation (FOX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks