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 -43.73% over the past year, underperforming other consumer staple stocks by -41 percentage points.

Duckhorn Portfolio has an average 1 year price target of $11.63, an upside of 38.56% from Duckhorn Portfolio's current stock price of $8.39.

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 57.17% over the past year, overperforming other consumer staple stocks by 60 percentage points.

Afya (NASDAQ:AFYA) 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. Afya has seen its stock return 52.55% over the past year, overperforming other consumer staple stocks by 55 percentage points.

Afya has an average 1 year price target of $23.00, an upside of 28.21% from Afya's current stock price of $17.94.

Afya stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Afya, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 89 consumer staple stocks that have issued dividends in the past year, the 3 consumer staple stocks with the highest dividend yields are:

Big Lots (NYSE:BIG) has an annual dividend yield of N/A, which is N/A percentage points lower than the consumer staple sector average of 6.9%. Big Lots's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Big Lots's dividend has shown consistent growth over the last 10 years.

Big Lots's dividend payout ratio of 0% indicates that its dividend yield might not be sustainable for the long-term.

Myndai (NYSEMKT:MYND) has an annual dividend yield of 212.38%, which is 205 percentage points higher than the consumer staple sector average of 6.9%.

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 126.78%, which is 120 percentage points higher than the consumer staple sector average of 6.9%.

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

Consumer staple stocks were up 0.31% in the last day, and up 1.43% over the last week. Newell Brands was the among the top gainers in the consumer defensive sector, gaining 12.25% yesterday.

Newell Brands shares are trading higher after the company reported better than expected Q1 earnings and issued guidance.

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

Ingles Markets (NASDAQ:IMKTA) is the 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 -21.62% in the past year. It has underperformed other stocks in the consumer staple sector by -19 percentage points.

Perdoceo Education (NASDAQ:PRDO) is the second 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 42.55% in the past year. It has overperformed other stocks in the consumer staple sector by 45 percentage points.

Village Super Market (NASDAQ:VLGEA) is the third 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 25.06% in the past year. It has overperformed other stocks in the consumer staple sector by 28 percentage points.