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UBS analysts ordered stocks within the consumer staples sector (NYSEARCA:XLP) from the most crowded longs to the most crowded shorts.
A “crowded long” is a stock owned by a high percentage of eligible funds, a UBS report said. Similarly, a “crowded short” is a stock shorted by a high percentage of eligible funds.
The crowding scores, analysts said, have no imposed maximum or minimum values, but ranged from -30 to 30.
In addition, over the past three months, Kellanova (K) has moved from a crowded short to a moderately crowded long, advancing to 14.1, the biggest advance.
Here are the most crowded consumer staple longs with their crowding score:
- The Coca-Cola Co. (KO) - Crowding score: 22.3
- Monster Beverage Corp. (MNST) - Crowding score: 20.4
- The Clorox Co. (CLX) - Crowding score: 19.6
- Colgate-Palmolive Co. (CL) - Crowding score: 18.3
- PepsiCo Inc. (PEP) - Crowding score: 17.3
- Nomad Foods Ltd. (NOMD) - Crowding score: 16.2
- Ingredion Inc. (INGR) - Crowding score: 12.2
- YETI Holdings Inc. (YETI) - Crowding score: 11.5
- The Boston Beer Co. (SAM) - Crowding score: 10.5
- The Simply Good Foods Co. (SMPL) - Crowding score: 10.2
- Mondelez International Inc. (MDLZ) - Crowding score: 10.1
- The Hershey Co. (HSY) - Crowding score: 9.5
- The Procter & Gamble Co. (PG) - Crowding score: 8.9
- The Estee Lauder Co. (EL) - Crowding score: 7.4
- Vital Farms Inc. (VITL) - Crowding score: 7
- Keurig Dr Pepper Inc. (KDP) - Crowding score: 6.9
- Kimberly-Clark Corp. (KMB) - Crowding score: 6.4
- General Mills Inc. (GIS) - Crowding score: 5.4
- Kellanova (K) - Crowding score: 5.3
- Spectrum Brands Holdings Inc. (SPB) - Crowding score: 4.9
- The J.M. Smucker Co. (SJM) - Crowding score: 4.8
- Colefax Group Plc (CFXFF) - Crowding score: 3.6
- Kenvue Inc. (KVUE) - Crowding score: 3.4
- ENGlobal Corp. (ENG) - Crowding score: 2.6
- e.l.f. Beauty Inc. (ELF) - Crowding score: 1.5
- Edgewell Personal Care Co. (EPC) - Crowding score: 1.2
The most crowded consumer staple shorts with their crowding score:
- Brown-Forman Corp. (BF.B) - Crowding score: -13.2
- Beyond Meat Inc. (BYND) - Crowding score: -11.8
- The Kraft Heinz Co. (KHC) - Crowding score: -9.7
- TreeHouse Foods Inc. (THS) - Crowding score: -9.1
- Celsius Holdings Inc. (CELH) - Crowding score: -8.7
- National Beverage Corp. (FIZZ) - Crowding score: -8.3
- The Scotts Miracle-Gro Co. (SMG) - Crowding score: -7.3
- Conagra Brands Inc. (CAG) - Crowding score: -5.1
- McCormick & Co. (MKC) - Crowding score: -4.3
- Church & Dwight Co. (CHD) - Crowding score: -4.1
- Molson Coors Beverage Co. (TAP) - Crowding score: -4
- Constellation Brands Inc. (STZ) - Crowding score: -3.1
- Newell Brands Inc. (NWL) - Crowding score: -2.2
- Fraternity Community Bancorp Inc. (FRTR) - Crowding score: -1.1
- Campbell Soup Co. (CPB) - Crowding score: -0.8
- Helen of Troy Limited (HELE) - Crowding score: -0.7