Every week, Benzinga conducts a sentiment survey to understand what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.
Q3 2020 hedge fund letters, conferences and more
Which Consumer Staples Stock Will Have The Largest Percentage Gain?
This week we posed the following question to over 400 investors and traders: Over the next five years, which consumer staples stock will have the largest percentage gain?
- PepsiCo (NASDAQ: PEP)
- Coca-Cola (NYSE: KO)
- Hershey (NYSE: HSY)
- Proctor & Gamble (NYSE: PG)
- Costco (NASDAQ: COST)
- Smuckers (NYSE: SJM)
- Clorox (NYSE: CLX)
Costco
Forty-one percent of traders and investors told us Costco would grow the most in this week’s study.
The membership-only wholesale club has reported impressive revenue growth in 2020, likely driven by consumers.
In the midst of the ongoing coronavirus pandemic, Costco revealed earnings beats for Q4 2020 in September and our Benzinga Insights team reported earnings per share for Costco rose 16.36% year over year to $3.13, which beat the estimate of $2.83. Costco also reported revenue growth of 12.39% year-over-year.
Costco trades at $357.62 as of publishing, off the 52-week low of $271.28.
Clorox
Of respondents, 19.4% told us the consumer and professional goods manufacturer Clorox would grow the most by 2025.
Clorox has played an unparalleled role in the manufacturing and distribution of disinfectants and cleaning products in the thick of the pandemic. As a result, earnings reports reveal Clorox sales increased significantly given consumers’ and corporations’ enhanced need for cleaning products.
In its August Q4 earnings call, Clorox’s reported earnings per share were up 28.19% over the past year to $2.41, which beat the estimate of $1.98. Revenue rose by 21.88% year-over-year.
Clorox trades at $206.80, off the 52-week low of $144.31.
PepsiCo, Hershey and Smuckers
Where traders and investors told us they were the most skeptical: PepsiCo (6.1%), Hershey (4.7%) and Smuckers (1.4%).
The consumer staples stock from our study trading at the highest price per share is Amazon at $357.62 per share. The stock trading at the lowest price per share is Smuckers at $112.20.
Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The order of survey answers were randomized for each respondent. The study reflects results from over 400 adults.
Henry Khederian contributed to this report.
