In this article, we discuss 5 top performing consumer staples stocks in January. If you want to see more top performing consumer staples stocks in January, the risk/reward, and methodology of this list, go directly to 12 Top Performing Consumer Staples Stocks in January.
5. The Clorox Company (NYSE:CLX)
Year to Date Performance as of January 31: 3.11%
Number of Hedge Fund Holders: 27
The Clorox Company (NYSE:CLX) is a leading household products consumer staple that ranks #5 on our list of 12 Top Performing Consumer Staples Stocks in January given its rally of 3.11% in January. With a dividend yield of 3.26%, capital has likely rotated into the stock as recent months data has shown signs of inflation in the United States potentially peaking. If inflation declines, interest rates might not rise too much further and The Clorox Company (NYSE:CLX)’s dividend could be more attractive to some investors. Where interest rates go will depend on economic data and the Federal Reserve, however.
4. Tyson Foods, Inc. (NYSE:TSN)
Year to Date Performance as of January 31: 5.62%
Number of Hedge Fund Holders: 35
Leading processed meat producer Tyson Foods, Inc. (NYSE:TSN) shares have surged 5.62% in January as sentiment around the stock has improved. Although shares of the stock are still down nearly 29% in the last year given higher inflation has caused some consumers to buy cheaper brands, an eventual normalization of inflation could help increase demand for the company. It could take several years for inflation to normalize, however.
3. The Estee Lauder Companies Inc. (NYSE:EL)
Year to Date Performance as of January 31: 11.68%
Number of Hedge Fund Holders: 52
The Estee Lauder Companies Inc. (NYSE:EL) has been one of the best performing consumer staples companies in January with its stock surging 11.68% for the month. For first quarter fiscal 2023, the leading cosmetics products maker’s organic net sales decreased 5% and adjusted diluted EPS declined by 24% in constant currency. Nevertheless, the company expects growth to gradually resume in the second half of fiscal 2023. 52 hedge funds in our database owned shares of The Estee Lauder Companies Inc. (NYSE:EL) at the end of Q3.
2. Lamb Weston Holdings, Inc. (NYSE:LW)
Year to Date Performance as of January 31: 11.78%
Number of Hedge Fund Holders: 42
Leading producer of french fries and other potato products Lamb Weston Holdings, Inc. (NYSE:LW)’s stock has soared by 11.78% in January to trade around an all time high as the stock has benefited from improved sentiment. The rise in the S&P 500 has also likely helped the rally given relative valuation. Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have rallied 55% in the last year and trade for a reasonable forward P/E of 22.37.
1. Costco Wholesale Corporation (NASDAQ:COST)
Year to Date Performance as of January 31: 11.97%
Number of Hedge Fund Holders: 69
Costco Wholesale Corporation (NASDAQ:COST) ranks #1 on our list of 12 Top Performing Consumer Staples Stocks in January given the stock’s 11.97% increase in January. In the month, Costco Wholesale Corporation (NASDAQ:COST)’s board of directors reauthorized a stock repurchase program of up to $4 billion that replaces the current $4 billion program where $1.4 billion were already repurchased. For the month of December, Costco Wholesale Corporation (NASDAQ:COST)’s sales rose 7% year over year.
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