Is General Mills (GIS) Stock Outpacing Its Consumer Staples Peers This Year?
The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is General Mills (GIS) one of those stocks right now? 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.
General Mills is one of 165 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. GIS is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for GIS's full-year earnings has moved 1.79% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GIS has returned about 34.49% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of 17.62% on a year-to-date basis. As we can see, General Mills is performing better than its sector in the calendar year.
To break things down more, GIS belongs to the Food - Miscellaneous industry, a group that includes 40 individual companies and currently sits at #167 in the Zacks Industry Rank. On average, stocks in this group have gained 11.41% this year, meaning that GIS is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Staples stocks should continue to track GIS. The stock will be looking to continue its solid performance.
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