latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/kroger-altria-lead-s-p-500-consumer-staples-index-november-55930765 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Kroger, Altria lead S&P 500 Consumer Staples index November

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Kroger, Altria lead S&P 500 Consumer Staples index November

The Kroger Co. and Altria Group Inc.'s double-digit returns led the S&P 500 Consumer Staples index to a 1.3% gain in November, according to data compiled by S&P Global Market Intelligence.

The sector, however, underperformed the wider S&P 500 index, which rose 3.6% during the month. It delivered the third-worst return behind the S&P 500 Utilities index, which posted a loss of 1.8%, and the S&P 500 Real Estate index, which logged a 1.7% loss.

Overall, the S&P 500 improved on its 2.2% gain in October.

SNL Image

Across the consumer staples sector, 25 of the 33 constituents of the index booked gains but only two recorded double-digit advances.

SNL Image

Kroger emerged as the best-performing stock in the sector, rising 11.6% in November. The Ohio-based grocer on Nov. 5 reaffirmed its outlook for 2019 and issued earnings guidance for 2020, signaling improved sales and adjusted EPS growth. Kroger also said it expects a total shareholder return of between 8% and 11% beyond 2020.

Despite the increasing scrutiny of electronic cigarettes in recent months, Altria was the second-best performer among consumer staples stocks. Altria's stock rose 11%, following on from a 9.5% increase in October. It comes as U.S. federal health agencies quietly withdrew from a plan to cut nicotine levels in cigarettes. Also in November, Altria-backed Juul Labs Inc., which has been the subject of federal scrutiny over its marketing of e-cigarettes and vaping products to underaged users, told Bloomberg News of its plan to launch a $1 billion cost-cutting program, which could shed 650 jobs, representing 15% of its workforce.

Drugstore chain Walgreens Boots Alliance Inc. was the third-best performing stock across the index with a 9.6% gain in November, rebounding from a loss of 1% the month prior. Walgreens was looking to go private after receiving interest from private equity firms, Reuters reported Nov. 5, citing people familiar with the matter. Nearly a week later, New York-based KKR & Co. Inc. approached the company with a take-private deal, according to Bloomberg News' sources.

The Kraft Heinz Co., the best-performing stock in October, slumped to the bottom of the consumer staples index with a 4.4% loss. After Goldman Sachs downgraded the Heinz ketchup-maker to "sell" from "neutral" on Nov. 14, shares of the company fell to $30.96 from its closing price of $33.30 on Nov. 13. CNN reported that Goldman Sachs analyst Jason English kept his price target on Kraft Heinz unchanged at $29 per share but said rising costs will continue to weigh on the company.

Molson Coors Brewing Co. maintained its spot at the second-bottom of the index with a 3.2% loss. At the end of October, the brewer unveiled a recovery plan that would cut 400 to 500 jobs and reorganize its office locations. The plan will also involve brand investments across Molson Coors' portfolio and the above-premium beer category.

The Procter & Gamble Co. was the third-worst performer with a 2.0% loss after activist investor Nelson Peltz, founder and CEO of Trian Fund Management LP, sold $527.7 million worth of P&G stock on Oct. 31. Following the disclosure, P&G shares fell 3.88% to $119.07 from $123.87 on Nov. 1.

SNL Image

Across the S&P 500, the information technology sector was the best performer in November with a 5.4% gain.

The worst-performing stock across the S&P 500 was Expedia Group Inc., which slumped 25.3% in November after announcing a 22% year-over-year drop in its net income for the third quarter.