Is Coca-Cola HBC (CCHGY) Stock Outpacing Its Consumer Staples Peers This Year?

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is Coca-Cola HBC (CCHGY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Coca-Cola HBC is a member of our Consumer Staples group, which includes 179 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Coca-Cola HBC is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for CCHGY's full-year earnings has moved 3.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the most recent data, CCHGY has returned 8.7% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 2.1% on a year-to-date basis. This shows that Coca-Cola HBC is outperforming its peers so far this year.Another Consumer Staples stock, which has outperformed the sector so far this year, is Hershey (HSY). The stock has returned 17.5% year-to-date.Over the past three months, Hershey's consensus EPS estimate for the current year has increased 21%. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Coca-Cola HBC belongs to the Beverages - Soft drinks industry, a group that includes 19 individual companies and currently sits at #99 in the Zacks Industry Rank. This group has gained an average of 4.1% so far this year, so CCHGY is performing better in this area. In contrast, Hershey falls under the Food - Confectionery industry. Currently, this industry has 2 stocks and is ranked #99. Since the beginning of the year, the industry has moved +15.5%.Investors interested in the Consumer Staples sector may want to keep a close eye on Coca-Cola HBC and Hershey as they attempt to continue their solid performance.Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coca-Cola HBC (CCHGY): Free Stock Analysis Report Hershey Company (The) (HSY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks