{"id":44246,"date":"2022-04-11T22:11:00","date_gmt":"2022-04-11T22:11:00","guid":{"rendered":"https:\/\/wp2.inovestor.com\/2022\/04\/17-consumer-staples-that-offer-portfolio-protection-from-an-economic-downturn\/"},"modified":"2022-04-11T22:11:00","modified_gmt":"2022-04-11T22:11:00","slug":"17-consumer-staples-that-offer-portfolio-protection-from-an-economic-downturn","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-us\/2022\/04\/17-consumer-staples-that-offer-portfolio-protection-from-an-economic-downturn\/","title":{"rendered":"17 consumer staples that offer portfolio protection from an economic downturn"},"content":{"rendered":"<h4 class=\"ah-4 mt-0 mb-0 font-pratt-bold c-article-body__subheading-v2 c-article-body__subheading-v2--level4 c-article-body__subheading-v2--regular\"><b>What are we looking for?<\/b><\/h4>\n<p class=\"c-article-body__text ep-1 font-pratt\">Consumer staples with a balanced exposure to performance and risk.<\/p>\n<p class=\"c-article-body__text ep-1 font-pratt\">The U.S. yield curve inverted at the beginning of April, which is a signal that a U.S. recession could be ahead in the next 12 to 18 months. In addition, inflation in basic needs such as food, housing and energy, combined with higher interest rates, could significantly erode discretionary purchasing power.<\/p>\n<p class=\"c-article-body__text ep-1 font-pratt\">We believe that consumer staples is the most likely sector to offer resilience in this environment.<\/p>\n<h4 class=\"ah-4 mt-0 mb-0 font-pratt-bold c-article-body__subheading-v2 c-article-body__subheading-v2--level4 c-article-body__subheading-v2--regular\"><b>The screen <\/b><b>(add this screener\u00a0<a href=\"https:\/\/account.inovestor.com\/InoAdvisor\/en-CA\/ScreenersDeepLinking?dataset=StockPointer&#038;screener=share%3A%7B%22name%22%3A%22Number%20Cruncher%202022-04-11%22%2C%22sortedBy%22%3A%22perCUR%22%2C%22sortOrder%22%3A%22desc%22%2C%22criterias%22%3A%7B%22PRCcur%22%3A%7B%7D%2C%22evamvecur%22%3A%7B%22%3E%22%3A1000%7D%2C%22sector%22%3A%7B%22in%22%3A%5B%223000%22%5D%7D%2C%22marketidentificationcodeextended%22%3A%7B%22in%22%3A%5B%22XNYS%22%2C%22XNAS%22%5D%7D%2C%22ScoreRSc%22%3A%7B%22%3C%22%3A35%7D%2C%22evaROBC12%22%3A%7B%7D%2C%22perCUR%22%3A%7B%7D%2C%22epsX5Y%22%3A%7B%22%3E%22%3A0%7D%2C%22PrcCH12M%22%3A%7B%7D%2C%22divTAUX%22%3A%7B%7D%2C%22ScorePSc%22%3A%7B%22%3E%22%3A65%7D%7D%7D\">here<\/a>)<\/b><\/h4>\n<p class=\"c-article-body__text ep-1 font-pratt\">We screened U.S. stocks in the consumer staples sector focusing on the following criteria:<\/p>\n<ul>\n<li class=\"c-article-body__li ep-1 font-pratt\">Market capitalization higher than US$1-billion;<\/li>\n<li class=\"c-article-body__li ep-1 font-pratt\">StockPointer (SP) performance score higher than 65. The score mainly considers risk-adjusted return on capital, earnings per share growth, and free cash flow per share. The score varies between zero and 100. A score above 65 implies a well-performing company;<\/li>\n<li class=\"c-article-body__li ep-1 font-pratt\">StockPointer (SP) risk score lower than 35. The risk score is scaled from zero to 100 where 100 is a high-risk company. 35 is considered low-risk. The score takes into account many criteria; our software looks at leverage and stability of profitability, and uses an automatically calculated discounted cash flow to evaluate the expensiveness of the company;<\/li>\n<li class=\"c-article-body__li ep-1 font-pratt\">positive five-year earnings-per-share growth. We look for a company that demonstrated improvements over the past five years;<\/li>\n<li class=\"c-article-body__li ep-1 font-pratt\">SP performance score minus SP risk score, which is how the stocks are ranked.<\/li>\n<\/ul>\n<p class=\"c-article-body__text ep-1 font-pratt\">For informational purposes, we have also included trailing 12 months\u2019 return on capital, price-to-earnings, dividend yield, and one-year price return. Please note that some ratios maybe shown as of end of previous quarter.<\/p>\n<h4 class=\"ah-4 mt-0 mb-0 font-pratt-bold c-article-body__subheading-v2 c-article-body__subheading-v2--level4 c-article-body__subheading-v2--regular\"><b>More about Inovestor<\/b><\/h4>\n<p class=\"c-article-body__text ep-1 font-pratt\"><a href=\"https:\/\/can01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.inovestor.com%2Fen-CA%2Fhow-it-works%2F&#038;data=04%7C01%7CBThomson%40globeandmail.com%7C7053fc6ae1a8414bd67c08d8d767a071%7C44376110425e46ab942e26c9518bfd03%7C1%7C0%7C637496187383063595%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&#038;sdata=D8pR9RR3YYXNoQSw1KPN8f78bRnfk3gwPgSD8K2%2Bmyg%3D&#038;reserved=0\">Inovestor for Advisors<\/a>\u00a0is a fundamental-analysis research platform specializing in the economic value-added (EVA) approach. With Inovestor, advisers can quickly identify attractive investment opportunities, outsource their stock picking by using model portfolios, and easily communicate investment decisions with clients through client-friendly reports.<\/p>\n<h4 class=\"ah-4 mt-0 mb-0 font-pratt-bold c-article-body__subheading-v2 c-article-body__subheading-v2--level4 c-article-body__subheading-v2--regular\"><b>What we found<\/b><\/h4>\n<div class=\"rawHtml\">\n<div class=\"gi-module gi-embed gi-table\">\n<h3>17 staples that offer portfolio protection<\/h3>\n<table width=\"1181\">\n<tbody>\n<tr>\n<td width=\"64\">TICKER<\/td>\n<td width=\"250\">NAME<\/td>\n<td width=\"64\">PRICE<\/td>\n<td width=\"131\">MKT VALUE\u00a0 ($ MIL.)<\/td>\n<td width=\"64\">SP PERF. SCORE<\/td>\n<td width=\"64\">SP RISK SCORE<\/td>\n<td width=\"107\">PERF. MINUS RISK<\/td>\n<td width=\"107\">5Y EPS GRTH. (%)<\/td>\n<td width=\"64\">ROC (%)<\/td>\n<td width=\"64\">P\/E<\/td>\n<td width=\"116\">1Y PRICE RTN. (%)<\/td>\n<td width=\"86\">DIV. YLD. (%)<\/td>\n<\/tr>\n<tr>\n<td>VGR-N<\/td>\n<td>VECTOR GROUP LTD.<\/td>\n<td>12.22<\/td>\n<td>1881<\/td>\n<td>75.9<\/td>\n<td>15.6<\/td>\n<td>60.3<\/td>\n<td>23.7<\/td>\n<td>20.3<\/td>\n<td>13.2<\/td>\n<td>-15.5<\/td>\n<td>6.6<\/td>\n<\/tr>\n<tr>\n<td>TSN-N<\/td>\n<td>TYSON FOODS, INC. CLASS A<\/td>\n<td>92.44<\/td>\n<td>32859<\/td>\n<td>79.1<\/td>\n<td>19.8<\/td>\n<td>59.3<\/td>\n<td>15.2<\/td>\n<td>13.5<\/td>\n<td>8.7<\/td>\n<td>20.7<\/td>\n<td>2.0<\/td>\n<\/tr>\n<tr>\n<td>PM-N<\/td>\n<td>PHILIP MORRIS INTERNATIONAL INC.<\/td>\n<td>100.07<\/td>\n<td>155126<\/td>\n<td>76.9<\/td>\n<td>19.9<\/td>\n<td>57.1<\/td>\n<td>5.4<\/td>\n<td>26.9<\/td>\n<td>17.2<\/td>\n<td>9.9<\/td>\n<td>5.0<\/td>\n<\/tr>\n<tr>\n<td>CHD-N<\/td>\n<td>CHURCH &#038; DWIGHT CO., INC.<\/td>\n<td>103.45<\/td>\n<td>25091<\/td>\n<td>78.9<\/td>\n<td>31.6<\/td>\n<td>47.3<\/td>\n<td>13.7<\/td>\n<td>16.1<\/td>\n<td>31.2<\/td>\n<td>19.2<\/td>\n<td>1.0<\/td>\n<\/tr>\n<tr>\n<td>KR-N<\/td>\n<td>KROGER CO.<\/td>\n<td>61.67<\/td>\n<td>44834<\/td>\n<td>70.8<\/td>\n<td>24.7<\/td>\n<td>46.1<\/td>\n<td>1.2<\/td>\n<td>8.0<\/td>\n<td>28.4<\/td>\n<td>63.2<\/td>\n<td>1.4<\/td>\n<\/tr>\n<tr>\n<td>ADM-N<\/td>\n<td>ARCHER-DANIELS-MIDLAND COMPANY<\/td>\n<td>95.25<\/td>\n<td>53340<\/td>\n<td>71.6<\/td>\n<td>25.5<\/td>\n<td>46.0<\/td>\n<td>17.1<\/td>\n<td>12.0<\/td>\n<td>19.9<\/td>\n<td>62.7<\/td>\n<td>1.7<\/td>\n<\/tr>\n<tr>\n<td>CPB-N<\/td>\n<td>CAMPBELL SOUP COMPANY<\/td>\n<td>45.47<\/td>\n<td>13732<\/td>\n<td>70.5<\/td>\n<td>24.8<\/td>\n<td>45.7<\/td>\n<td>13.7<\/td>\n<td>11.7<\/td>\n<td>15.0<\/td>\n<td>-5.4<\/td>\n<td>3.3<\/td>\n<\/tr>\n<tr>\n<td>SFM-Q<\/td>\n<td>SPROUTS FARMERS MARKETS, INC.<\/td>\n<td>34.75<\/td>\n<td>3861<\/td>\n<td>68.2<\/td>\n<td>23.0<\/td>\n<td>45.2<\/td>\n<td>20.3<\/td>\n<td>11.5<\/td>\n<td>16.5<\/td>\n<td>33.1<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>COKE-Q<\/td>\n<td>COCA-COLA CONSOLIDATED, INC.<\/td>\n<td>488.14<\/td>\n<td>4576<\/td>\n<td>72.9<\/td>\n<td>29.1<\/td>\n<td>43.8<\/td>\n<td>30.3<\/td>\n<td>14.8<\/td>\n<td>24.2<\/td>\n<td>61.0<\/td>\n<td>0.2<\/td>\n<\/tr>\n<tr>\n<td>PG-N<\/td>\n<td>PROCTER &#038; GAMBLE COMPANY<\/td>\n<td>160.1<\/td>\n<td>383770<\/td>\n<td>73.3<\/td>\n<td>32.1<\/td>\n<td>41.2<\/td>\n<td>10.5<\/td>\n<td>15.3<\/td>\n<td>28.3<\/td>\n<td>17.4<\/td>\n<td>2.2<\/td>\n<\/tr>\n<tr>\n<td>CAG-N<\/td>\n<td>CONAGRA BRANDS, INC.<\/td>\n<td>34.5<\/td>\n<td>16570<\/td>\n<td>67.0<\/td>\n<td>26.7<\/td>\n<td>40.3<\/td>\n<td>17.2<\/td>\n<td>7.0<\/td>\n<td>16.0<\/td>\n<td>-4.7<\/td>\n<td>3.6<\/td>\n<\/tr>\n<tr>\n<td>K-N<\/td>\n<td>KELLOGG COMPANY<\/td>\n<td>67.56<\/td>\n<td>23063<\/td>\n<td>68.9<\/td>\n<td>29.5<\/td>\n<td>39.4<\/td>\n<td>17.1<\/td>\n<td>9.4<\/td>\n<td>15.6<\/td>\n<td>7.8<\/td>\n<td>3.4<\/td>\n<\/tr>\n<tr>\n<td>HRL-N<\/td>\n<td>HORMEL FOODS CORPORATION<\/td>\n<td>52.71<\/td>\n<td>28622<\/td>\n<td>69.8<\/td>\n<td>31.4<\/td>\n<td>38.5<\/td>\n<td>0.3<\/td>\n<td>9.6<\/td>\n<td>31.2<\/td>\n<td>13.7<\/td>\n<td>2.0<\/td>\n<\/tr>\n<tr>\n<td>BG-N<\/td>\n<td>BUNGE LIMITED<\/td>\n<td>118.25<\/td>\n<td>16680<\/td>\n<td>70.4<\/td>\n<td>32.0<\/td>\n<td>38.4<\/td>\n<td>23.4<\/td>\n<td>16.3<\/td>\n<td>8.8<\/td>\n<td>48.8<\/td>\n<td>1.8<\/td>\n<\/tr>\n<tr>\n<td>FLO-N<\/td>\n<td>FLOWERS FOODS, INC.<\/td>\n<td>26.54<\/td>\n<td>5610<\/td>\n<td>68.2<\/td>\n<td>30.2<\/td>\n<td>37.9<\/td>\n<td>4.3<\/td>\n<td>9.9<\/td>\n<td>27.4<\/td>\n<td>11.1<\/td>\n<td>3.2<\/td>\n<\/tr>\n<tr>\n<td>WMT-N<\/td>\n<td>WALMART INC.<\/td>\n<td>157.41<\/td>\n<td>434609<\/td>\n<td>69.1<\/td>\n<td>31.6<\/td>\n<td>37.5<\/td>\n<td>2.2<\/td>\n<td>12.8<\/td>\n<td>32.3<\/td>\n<td>12.6<\/td>\n<td>1.4<\/td>\n<\/tr>\n<tr>\n<td>ANDE-Q<\/td>\n<td>ANDERSONS, INC.<\/td>\n<td>54<\/td>\n<td>1828<\/td>\n<td>67.4<\/td>\n<td>30.0<\/td>\n<td>37.4<\/td>\n<td>50.5<\/td>\n<td>8.0<\/td>\n<td>18.3<\/td>\n<td>94.6<\/td>\n<td>1.3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"csvlink\">\n<\/div>\n<\/div>\n<p class=\"c-article-body__text ep-1 font-pratt\">Tobacco manufacturers\u00a0<b>Vector Group Ltd.\u00a0<\/b>and<b>\u00a0Philip Morris International Inc.<\/b>\u00a0rank No. 1 and No. 3 in our performance-minus-risk ranking, at 60.3 and 57.1 respectively.<\/p>\n<p class=\"c-article-body__text ep-1 font-pratt\">Vector also ranks first in terms of dividend yield (6.6 per cent), while Philip Morris has the highest return on capital on our list, at 26.9 per cent.<\/p>\n<p class=\"c-article-body__text ep-1 font-pratt\">Tobacco stocks have their risks related to regulation as well as ethical or sustainable investing issues, but for those comfortable with them, they offer significant downside protection in case of lower discretionary spending.<\/p>\n<p class=\"c-article-body__text ep-1 font-pratt\"><b>Tyson Foods Inc.<\/b>,<b>\u00a0<\/b>a processor and marketer of chicken, beef and pork, has the lowest P\/E of our screen at 8.7. This low valuation could be explained by the multiple price-fixing lawsuits filed in recent years. However, that didn\u2019t stop Tyson from generating a healthy price return of 20.7 per cent over the past year. The combination of strong performance and a cheap valuation could have potential for defensive investors.<\/p>\n<div id=\"js-ad-slimcut-wrapper\">\n<div id=\"js-ad-slimcut\"><\/div>\n<\/div>\n<p class=\"c-article-body__text ep-1 font-pratt\"><b>Church &#038; Dwight Co. Inc.<\/b>, well known for its Arm &#038; Hammer home and personal care products, seems a bit expensive with a P\/E of 31.2, and a risk score that reflects that higher valuation at 31.6. On the other hand, the company has a solid brand, which is indicated in its financial metrics: the second-highest performance score of our list at 78.9 with an EPS that has increased by a respectable 13.7 per cent over the past five years on an annual basis.<\/p>\n<p class=\"c-article-body__text ep-1 font-pratt\">Investors are advised to do further research before investing in any of the companies listed in the accompanying table.<\/p>\n<p class=\"c-article-body__text ep-1 font-pratt\"><i>Anthony M\u00e9nard, CFA, is vice-president of data management at Inovestor.<\/i><\/p>\n<p class=\"c-article-body__text ep-1 font-pratt\">For more details about these stocks, subscribe to the\u00a0<a href=\"https:\/\/inovestor.com\/en-CA\/store\/\" target=\"_blank\" rel=\"noopener\">Inovestor for Advisors platform<\/a>\u00a0for free.<\/p>\n<p class=\"c-article-body__text ep-1 font-pratt\"><i>Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.\u00a0<\/i><a href=\"https:\/\/www.theglobeandmail.com\/newsletters\/#newsletter-group-3\"><i>Sign up today<\/i><\/a><i>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What are we looking for? Consumer staples with a balanced exposure to performance and risk. The U.S. yield curve inverted at the beginning of April, which is a signal that a U.S. recession could be ahead in the next 12 to 18 months. In addition, inflation in basic needs such as food, housing and energy, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[626,627],"tags":[643],"class_list":["post-44246","post","type-post","status-publish","format-standard","hentry","category-number-cruncher-en-us","category-screeners-en-us","tag-consumer-staples-en-us"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>17 consumer staples that offer portfolio protection from an economic downturn - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/en-us\/2022\/04\/17-consumer-staples-that-offer-portfolio-protection-from-an-economic-downturn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"17 consumer staples that offer portfolio protection from an economic downturn\" \/>\n<meta property=\"og:description\" content=\"What are we looking for? Consumer staples with a balanced exposure to performance and risk. The U.S. yield curve inverted at the beginning of April, which is a signal that a U.S. recession could be ahead in the next 12 to 18 months. 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