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Quarter-End Insights

Consumer Defensive: Few Values in this Pricey Sector

Market continues to underappreciate tobacco stocks.

Jul 1, 2019

Mentioned: Anheuser-Busch InBev SA/NV (BUD) , Imperial Brands PLC (IMBBY) , British American Tobacco PLC (BTI)

The Morningstar U.S. Consumer Defensive Index gained 5% quarter to date through June 21, in line with the 3% uptick in the broader market (Exhibit 1).

Sector performance has strengthened over the last three months - source: Morningstar Analysts

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Sonia Vora does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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