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:

Afya (NASDAQ:AFYA) is the top consumer staple stock with a Zen Score of 70, which is 38 points higher than the consumer staple sector average of 32. It passed 24 out of 33 due diligence checks and has strong fundamentals. Afya has seen its stock lose -3.03% over the past year, overperforming other consumer staple stocks by 8 percentage points.

Afya has an average 1 year price target of $19.50, an upside of 41.92% from Afya's current stock price of $13.74.

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

Industrias Bachoco Sab De Cv (NYSE:IBA) is the second best consumer staple stock with a Zen Score of 67, which is 35 points higher than the consumer staple sector average of 32. It passed 25 out of 38 due diligence checks and has strong fundamentals. Industrias Bachoco Sab De Cv has seen its stock return 23.07% over the past year, overperforming other consumer staple stocks by 34 percentage points.

Industrias Bachoco Sab De Cv has an average 1 year price target of $57.00, an upside of 11.28% from Industrias Bachoco Sab De Cv's current stock price of $51.22.

Industrias Bachoco Sab De Cv stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Industrias Bachoco Sab De Cv, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Pilgrims Pride (NASDAQ:PPC) is the third best consumer staple stock with a Zen Score of 66, which is 34 points higher than the consumer staple sector average of 32. It passed 21 out of 33 due diligence checks and has strong fundamentals. Pilgrims Pride has seen its stock lose -16.49% over the past year, underperforming other consumer staple stocks by -5 percentage points.

Pilgrims Pride has an average 1 year price target of $30.50, an upside of 27.62% from Pilgrims Pride's current stock price of $23.90.

Pilgrims Pride stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Pilgrims Pride, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 92 consumer staple stocks that have issued dividends in the past year, the 3 consumer staple stocks with the highest dividend yields are:

Brasilagr (NYSE:LND) has an annual dividend yield of 18.36%, which is 15 percentage points higher than the consumer staple sector average of 2.98%. Brasilagr's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Brasilagr's dividend has shown consistent growth over the last 10 years.

Brasilagr's dividend payout ratio of 103.6% indicates that its high dividend yield might not be sustainable for the long-term.

B&G Foods (NYSE:BGS) has an annual dividend yield of 11.54%, which is 9 percentage points higher than the consumer staple sector average of 2.98%. B&G Foods's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. B&G Foods's dividend has not shown consistent growth over the last 10 years.

B&G Foods's dividend payout ratio of -333.3% indicates that its high dividend yield might not be sustainable for the long-term.

British American Tobacco (NYSE:BTI) has an annual dividend yield of 7.88%, which is 5 percentage points higher than the consumer staple sector average of 2.98%. British American Tobacco's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. British American Tobacco's dividend has not shown consistent growth over the last 10 years.

British American Tobacco's dividend payout ratio of 104.6% indicates that its high dividend yield might not be sustainable for the long-term.

Consumer staple stocks were down -0.27% in the last day, and up 2.07% over the last week. Tyson Foods was the among the top losers in the consumer defensive sector, dropping -4.61% yesterday.

Tyson Foods shares are trading lower after the company reported worse-than-expected Q1 financial results.

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

Cresud (NASDAQ:CRESY) is the most undervalued consumer staple stock based on WallStreetZen's Valuation Score. Cresud has a valuation score of 100, which is 70 points higher than the consumer staple sector average of 30. It passed 7 out of 7 valuation due diligence checks.

Cresud's stock has gained 20.9% in the past year. It has overperformed other stocks in the consumer staple sector by 32 percentage points.

Mannatech (NASDAQ:MTEX) is the second most undervalued consumer staple stock based on WallStreetZen's Valuation Score. Mannatech has a valuation score of 100, which is 70 points higher than the consumer staple sector average of 30. It passed 7 out of 7 valuation due diligence checks.

Mannatech's stock has dropped -52.53% in the past year. It has underperformed other stocks in the consumer staple sector by -41 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 86, which is 56 points higher than the consumer staple sector average of 30. It passed 6 out of 7 valuation due diligence checks.

Coca Cola Consolidated's stock has dropped -7.32% in the past year. It has overperformed other stocks in the consumer staple sector by 4 percentage points.