Sector Update: Consumer

By Staff,

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Consumer shares were positioned higher ahead of Monday's opening bell.

In consumer stocks news, Pepsico ( PEP ) is worth more if split up, according to Barron's.

It said cost-cutting at each Frito-Lay and Pepsi would more than offset their current synergies.

The paper notes that activist investor Nelson Peltz has been clamoring for a break up and has noted that Pepsi, whose stock recently fetched $92, could be worth as much as $144 a share.

And, ANN ( ANN ) received a letter from activist shareholders saying the company is undervalued and the company should consider putting itself up for sale.

Engine Capital LP, together with its affiliates, and Red Alder LLC, who collectively own in excess of 1% of the outstanding shares, said the company should hire an investment bank to look at its strategic options, including a potential sales of the company.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: PEP , ANN

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