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Consumer Sector Update for 01/15/2015: BBY, PPC, SSTK

Top Consumer Shares:

WMT: +1.0%

MCD: +0.3%

DIS: +0.7%

CVS: flat

KO: flat

GE: +0.5%

Consumer shares were higher ahead of the opening bell Thursday.

In consumer stocks news, Best Buy Co ( BBY ) reported adjusted comparable sales for the nine weeks ending Jan. 3 rose 2.6%.

The electronics retailer said comparable online sales rose 13.4%. All sales in the current and prior year excludes revenue from the Five Star business in China, which Best Buy has agreed to sell.

Shares in the company were down 9.1% to $36.60 during pre-market trading . Over the past 52 weeks, the company has traded between $22.15 and $40.03.

Meanwhile Pilgrim's Pride ( PPC ) shares were up 14.1% at $35.97 in recent pre-market trade after saying it will pay a special dividend of $5.77 per share or a total $1.5 billion.

The chicken producer will pay the cash dividend on Feb. 17 to shareholders of record on Jan. 30. Shares in the company have traded between $15.14 and $38.64 over the past 52 weeks.

And Shutterstock ( SSTK ), a provider of commercial digital imagery and music, has agreed to acquire PremiumBeat, a music and sound effects company, for $32 million in cash.

The company expects to update its 2015 financial outlook for the impact of the transaction when it reports Q4 2014 earnings. Additional consideration is payable upon the achievement of certain operating and financial goals through 2018.

Shares in the company were unchanged at $58.93 during Thursday's pre-market trading session. Over the past 52 weeks, it has traded between $58.23 and $103.01.

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

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

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