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Is Hormel Foods (HRL) Outperforming Other Consumer Staples Stocks This Year?

Investors seeking opportunities in the Consumer Staples sector should consider the performance of companies like Hormel Foods (HRL). As a member of the Consumer Staples group, Hormel Foods currently ranks #13 in the Zacks Sector Rank, which evaluates the strength of different sectors based on the Zacks Rank of individual stocks within each group.

Hormel Foods holds a Zacks Rank of #2 (Buy), indicating potential for outperformance in the next one to three months. Analyst sentiment towards the company has improved, with a 1.2% increase in the Zacks Consensus Estimate for full-year earnings over the past three months.

Year-to-date, Hormel Foods has delivered a solid return of 9.5%, outperforming the average return of -3.5% for Consumer Staples companies. In comparison, another notable stock in the sector, Coca-Cola FEMSA (KOF), has also outperformed with a 1.3% return so far this year.

Hormel Foods operates within the Food – Meat Products industry, which has seen an average gain of 12.3% this year. While HRL is slightly underperforming its industry peers in terms of year-to-date returns, it remains a strong contender in the sector.

Meanwhile, Coca-Cola FEMSA belongs to the Beverages – Soft drinks industry, which has experienced a -8% decline this year. Despite the industry’s challenges, Coca-Cola FEMSA has shown resilience with a 5% increase in consensus EPS estimate for the current year.

Both Hormel Foods and Coca-Cola FEMSA have the potential to sustain their positive performance, making them worth watching for investors interested in Consumer Staples stocks. It’s important to stay informed and monitor these companies closely for future developments.

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