Sector Update: Shares Higher in Pre-Market Trade

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Top Consumer Shares:

WMT: +0.16%

MCD: +0.35%

DIS: +0.90%

CVS: +0.48%

KO: flat

GE: +0.54%

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 The NASDAQ OMX Group, Inc.

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


This article appears in: Investing , Commodities

Referenced Stocks: PEP , ANN

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