Sectors & IndustriesConsumer Defensive

Best Consumer Staple Stocks to Buy Now (2023)

Top consumer staple stocks in 2023 ranked by overall Zen Score. See the best consumer staple stocks to buy now, according to analyst forecasts for the consumer defensive sector.

According to Zen Score, the 3 best consumer staple stocks to buy right now are:

Bon Natural Life (NASDAQ:BON) is the top consumer staple stock with a Zen Score of 64, which is 33 points higher than the consumer staple sector average of 31. It passed 21 out of 33 due diligence checks and has strong fundamentals. Bon Natural Life has seen its stock lose -49.28% over the past year, underperforming other consumer staple stocks by -41 percentage points.

Cal Maine Foods (NASDAQ:CALM) is the second best consumer staple stock with a Zen Score of 61, which is 30 points higher than the consumer staple sector average of 31. It passed 23 out of 38 due diligence checks and has strong fundamentals. Cal Maine Foods has seen its stock lose -17.78% over the past year, underperforming other consumer staple stocks by -10 percentage points.

Cal Maine Foods has an average 1 year price target of $43.50, a downside of -9.22% from Cal Maine Foods's current stock price of $47.92.

Cal Maine Foods stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering Cal Maine Foods, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

Duckhorn Portfolio (NYSE:NAPA) is the third best consumer staple stock with a Zen Score of 61, which is 30 points higher than the consumer staple sector average of 31. It passed 20 out of 33 due diligence checks and has strong fundamentals. Duckhorn Portfolio has seen its stock lose -36.05% over the past year, underperforming other consumer staple stocks by -28 percentage points.

Duckhorn Portfolio has an average 1 year price target of $15.29, an upside of 48.84% from Duckhorn Portfolio's current stock price of $10.27.

Duckhorn Portfolio stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Duckhorn Portfolio, 42.86% have issued a Strong Buy rating, 28.57% have issued a Buy, 28.57% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 87 consumer staple stocks that have issued dividends in the past year, the 3 consumer staple stocks with the highest dividend yields are:

Brasilagro Brazilian Agricultural Real Estate Co (NYSE:LND) has an annual dividend yield of 13.22%, which is 10 percentage points higher than the consumer staple sector average of 3.63%. Brasilagro Brazilian Agricultural Real Estate Co's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Brasilagro Brazilian Agricultural Real Estate Co's dividend has shown consistent growth over the last 10 years.

Brasilagro Brazilian Agricultural Real Estate Co's dividend payout ratio of 117.7% indicates that its high dividend yield might not be sustainable for the long-term.

Petmed Express (NASDAQ:PETS) has an annual dividend yield of 12.99%, which is 9 percentage points higher than the consumer staple sector average of 3.63%. Petmed Express's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Petmed Express's dividend has shown consistent growth over the last 10 years.

Petmed Express's dividend payout ratio of -413.8% indicates that its high dividend yield might not be sustainable for the long-term.

G Willi Food International (NASDAQ:WILC) has an annual dividend yield of 11.87%, which is 8 percentage points higher than the consumer staple sector average of 3.63%. G Willi Food International's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. G Willi Food International's dividend has not shown consistent growth over the last 10 years.

G Willi Food International's dividend payout ratio of 189% indicates that its high dividend yield might not be sustainable for the long-term.

Consumer staple stocks were up 1.04% in the last day, and up 0.17% over the last week.

We couldn't find a catalyst for why consumer staple stocks are up.

Based on WallStreetZen's Valuation Score, the 3 most undervalued consumer staple stocks right now are:

Helen Of Troy (NASDAQ:HELE) is the most undervalued consumer staple stock based on WallStreetZen's Valuation Score. Helen Of Troy has a valuation score of 100, which is 73 points higher than the consumer staple sector average of 27. It passed 7 out of 7 valuation due diligence checks.

Helen Of Troy's stock has gained 6.59% in the past year. It has overperformed other stocks in the consumer staple sector by 15 percentage points.

Ingles Markets (NASDAQ:IMKTA) is the second most undervalued consumer staple stock based on WallStreetZen's Valuation Score. Ingles Markets has a valuation score of 100, which is 73 points higher than the consumer staple sector average of 27. It passed 7 out of 7 valuation due diligence checks.

Ingles Markets's stock has dropped -19.27% in the past year. It has underperformed other stocks in the consumer staple sector by -11 percentage points.

Coca Cola Consolidated (NASDAQ:COKE) is the third most undervalued consumer staple stock based on WallStreetZen's Valuation Score. Coca Cola Consolidated has a valuation score of 71, which is 44 points higher than the consumer staple sector average of 27. It passed 5 out of 7 valuation due diligence checks.

Coca Cola Consolidated's stock has gained 49.35% in the past year. It has overperformed other stocks in the consumer staple sector by 57 percentage points.