Investors focused on the Consumer Staples space have likely heard of General Mills (NYSE:GIS), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.
General Mills is a member of the Consumer Staples sector. This group includes 169 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. GIS is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GIS's full-year earnings has moved 0.40% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GIS has returned about 22.29% since the start of the calendar year. Meanwhile, stocks in the Consumer Staples group have gained about 11.11% on average. This means that General Mills is performing better than its sector in terms of year-to-date returns.
Looking more specifically, GIS belongs to the Food - Miscellaneous industry, which includes 40 individual stocks and currently sits at #141 in the Zacks Industry Rank. This group has gained an average of 4.72% so far this year, so GIS is performing better in this area.
Investors with an interest in Consumer Staples stocks should continue to track GIS. The stock will be looking to continue its solid performance.
General Mills, Inc. (GIS): Free Stock Analysis Report
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