Sectors & IndustriesConsumer Defensive

Best Consumer Staple Stocks to Buy Now (2024)

Top consumer staple stocks in 2024 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:

Duckhorn Portfolio (NYSE:NAPA) 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. Duckhorn Portfolio has seen its stock lose -44.64% over the past year, underperforming other consumer staple stocks by -40 percentage points.

Duckhorn Portfolio has an average 1 year price target of $11.63, an upside of 37.25% from Duckhorn Portfolio's current stock price of $8.47.

Duckhorn Portfolio stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Duckhorn Portfolio, 37.5% have issued a Strong Buy rating, 37.5% have issued a Buy, 12.5% have issued a Hold, while 12.5% have issued a Sell rating, and 0% have issued a Strong Sell.

Acme United (NYSEMKT:ACU) is the second best consumer staple stock with a Zen Score of 63, which is 32 points higher than the consumer staple sector average of 31. It passed 23 out of 38 due diligence checks and has strong fundamentals. Acme United has seen its stock return 58.69% over the past year, overperforming other consumer staple stocks by 63 percentage points.

Mama's Creations (NASDAQ:MAMA) is the third best consumer staple stock with a Zen Score of 59, which is 28 points higher than the consumer staple sector average of 31. It passed 19 out of 33 due diligence checks and has strong fundamentals. Mama's Creations has seen its stock return 165.18% over the past year, overperforming other consumer staple stocks by 170 percentage points.

Mama's Creations has an average 1 year price target of $7.83, an upside of 31.87% from Mama's Creations's current stock price of $5.94.

Mama's Creations stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Mama's Creations, 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.

Out of 88 consumer staple stocks that have issued dividends in the past year, the 3 consumer staple stocks with the highest dividend yields are:

Myndai (NYSEMKT:MYND) has an annual dividend yield of 217.47%, which is 210 percentage points higher than the consumer staple sector average of 7.06%.

Myndai's dividend payout ratio of -625.3% indicates that its high dividend yield might not be sustainable for the long-term.

Trxade Health (NASDAQ:MEDS) has an annual dividend yield of 134.23%, which is 127 percentage points higher than the consumer staple sector average of 7.06%.

Trxade Health's dividend payout ratio of -34.2% indicates that its high dividend yield might not be sustainable for the long-term.

Brasilagro Brazilian Agricultural Real Estate Co (NYSE:LND) has an annual dividend yield of 12.8%, which is 6 percentage points higher than the consumer staple sector average of 7.06%. 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.

Consumer staple stocks were down -1.12% in the last day, and down -0.83% over the last week. Chegg was the among the top losers in the consumer defensive sector, dropping -27.89% yesterday.

Chegg shares are trading lower after the company reported Q1 financial results and issued Q1 total net revenue guidance below estimates. Also, Piper Sandler reiterated an Underweight rating on the stock and lowered its price target from $8.5 to $6.

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

Village Super Market (NASDAQ:VLGEA) is the most undervalued consumer staple stock based on WallStreetZen's Valuation Score. Village Super Market has a valuation score of 100, which is 72 points higher than the consumer staple sector average of 28. It passed 7 out of 7 valuation due diligence checks.

Village Super Market's stock has gained 28.89% in the past year. It has overperformed other stocks in the consumer staple sector by 33 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 72 points higher than the consumer staple sector average of 28. It passed 7 out of 7 valuation due diligence checks.

Ingles Markets's stock has dropped -22.41% in the past year. It has underperformed other stocks in the consumer staple sector by -18 percentage points.

Perdoceo Education (NASDAQ:PRDO) is the third most undervalued consumer staple stock based on WallStreetZen's Valuation Score. Perdoceo Education has a valuation score of 100, which is 72 points higher than the consumer staple sector average of 28. It passed 7 out of 7 valuation due diligence checks.

Perdoceo Education's stock has gained 38.64% in the past year. It has overperformed other stocks in the consumer staple sector by 43 percentage points.