The Morningstar UK Large-Mid Cap Index rose 2.3% in the third quarter amid a rally in the consumer cyclical sector. The large-mid index tracks the performance of the top 90% of the UK investable universe by market cap, and each quarter we screen from among the stocks in this index to find the best- and worst-performing companies. Data in this article is sourced from Morningstar Direct.
Best-Performing Stocks of the Third Quarter 2024
• St. James’s Place STJ
• Ocado Group OCDO
• Marks & Spencer MKS
• Kingfisher KGF
• JD Sports Fashion JD.
Worst-Performing Stocks of the Third Quarter 2024
• Rentokil Initial RTO
• Burberry Group BRBY
• Melrose Industries MRO
• BP BP.
• Softcat SCT
Metrics for the Best-Performing Stocks
St. James’s Place STJ
• Sector: Financial Services
• Industry: Asset Management
• Economic Moat: Not Rated
St. James’s Place rallied 35.5% in the third quarter, but was still down 9.4% over the past year. Shares are 12.2% below their last high on Oct. 2, 2023. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Ocado Group OCDO
• Sector: Consumer Defensive
• Industry: Grocery Stores
• Economic Moat: None
Ocado Group climbed 33.0%, but was still down 36.0% for the year. Shares are 51.9% below their last high on Dec. 20, 2023. The company’s stock has a Morningstar Rating of 5 stars and is trading at a 58% discount to its fair value estimate of £9.20.
Marks & Spencer MKS
• Sector: Consumer Cyclical
• Industry: Department Stores
• Economic Moat: None
Marks & Spencer rose 30.1%, bringing the stock up 59.1% over the past year. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Kingfisher KGF
• Sector: Consumer Cyclical
• Industry: Home Improvement Retail
• Economic Moat: None
Kingfisher climbed 29.4%, having risen 51.6% from one year ago. The company’s stock has a Morningstar Rating of 2 stars and is trading at an 11% premium to its fair value estimate of £2.90.
JD Sports Fashion JD.
• Sector: Consumer Cyclical
• Industry: Apparel Retail
• Economic Moat: Not Rated
JD Sports Fashion advanced 28.9%, lifting shares 3.6% from one year ago. Shares are 13.3% below their last high on Dec. 20, 2023. The company’s stock has a quantitative Morningstar Rating of 4 stars.
Metrics for the Worst-Performing Stocks
Rentokil Initial RTO
• Sector: Industrials
• Industry: Specialty Business Services
• Economic Moat: Wide
Rentokil fell 20.4% in the third quarter, having fallen 39.1% from one year ago. Shares are 40.8% below their last high on Oct. 13, 2023. The company’s stock has a Morningstar Rating of 5 stars and is trading at a 41% discount its fair value estimate of £6.20.
Burberry Group BRBY
• Sector: Consumer Cyclical
• Industry: Luxury Goods
• Economic Moat: Narrow
Burberry Group slid 20.1%, having fallen 61.1% from one year ago. Shares are 64.0% below their last high on Oct. 2, 2023. The company’s stock has a Morningstar Rating of 5 stars and is trading at a 47% discount to its fair value estimate of £13.30.
Melrose Industries MRO
• Sector: Industrials
• Industry: Specialty Industrial Machinery
• Economic Moat: Wide
Melrose Industries fell 17.3%, having fallen 2.0% from one year ago. Shares are 33.1% below their last high on April 8, 2024. The company’s stock has a Morningstar Rating of 5 stars and is trading at a 38% discount to its fair value estimate of £7.40.
BP BP.
• Sector: Energy
• Industry: Oil & Gas Integrated
• Economic Moat: None
BP fell 16.4%, having fallen 22.5% from one year ago. Shares are 30.3% below their last high on Oct. 18, 2023. The company’s stock has a Morningstar Rating of 4 stars and is trading at a 20% discount to its fair value estimate of £4.90.
Softcat SCT
• Sector: Technology
• Industry: Electronics & Computer Distribution
• Economic Moat: Not Rated
Softcat slid 14.6%, but shares were still up 9.4% for the year. Shares are 16.3% below their last high on June 24, 2024. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Companies that are not formally covered by a Morningstar analyst are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative star rating.
This article was generated with the help of automation and reviewed by Morningstar editors.
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