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:

Lifeway Foods (NASDAQ:LWAY) is the top consumer staple stock with a Zen Score of 65, which is 34 points higher than the consumer staple sector average of 31. It passed 21 out of 33 due diligence checks and has strong fundamentals. Lifeway Foods has seen its stock return 207.17% over the past year, overperforming other consumer staple stocks by 205 percentage points.

Lifeway Foods has an average 1 year price target of $14.00, a downside of -24.04% from Lifeway Foods's current stock price of $18.43.

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

Duckhorn Portfolio (NYSE:NAPA) is the second best 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 -41.11% over the past year, underperforming other consumer staple stocks by -44 percentage points.

Duckhorn Portfolio has an average 1 year price target of $11.29, an upside of 37.97% from Duckhorn Portfolio's current stock price of $8.18.

Duckhorn Portfolio stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Duckhorn Portfolio, 28.57% have issued a Strong Buy rating, 42.86% have issued a Buy, 14.29% have issued a Hold, while 14.29% have issued a Sell rating, and 0% have issued a Strong Sell.

Acme United (NYSEMKT:ACU) is the third 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 53.77% over the past year, overperforming other consumer staple stocks by 51 percentage points.

Out of 86 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 12.98%, which is 10 percentage points higher than the consumer staple sector average of 3.08%. 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.

Nu Skin Enterprises (NYSE:NUS) has an annual dividend yield of 9.01%, which is 6 percentage points higher than the consumer staple sector average of 3.08%. Nu Skin Enterprises's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Nu Skin Enterprises's dividend has not shown consistent growth over the last 10 years.

Nu Skin Enterprises's dividend payout ratio of -1,757.1% 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 9.01%, which is 6 percentage points higher than the consumer staple sector average of 3.08%. British American Tobacco's dividend payout is not stable, having dropped more than 10% four 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 -34.2% indicates that its high dividend yield might not be sustainable for the long-term.

Consumer staple stocks were down -0.37% in the last day, and down -0.2% over the last week. Better Choice Co was the among the top losers in the consumer defensive sector, dropping -24.79% yesterday.

Better Choice Company shares are trading lower after the company reported Q1 financial results.

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 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 -6.9% in the past year. It has underperformed other stocks in the consumer staple sector by -9 percentage points.

Village Super Market (NASDAQ:VLGEA) is the second most undervalued consumer staple stock based on WallStreetZen's Valuation Score. Village Super Market 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.

Village Super Market's stock has gained 44.82% in the past year. It has overperformed other stocks in the consumer staple sector by 42 percentage points.

Natures Sunshine Products (NASDAQ:NATR) is the third most undervalued consumer staple stock based on WallStreetZen's Valuation Score. Natures Sunshine Products 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.

Natures Sunshine Products's stock has gained 38.54% in the past year. It has overperformed other stocks in the consumer staple sector by 36 percentage points.