Markets

Consumer Sector Update for 04/20/2015: KRFT,XUE,ICON

Top Consumer Stocks

WMT +0.46%

MCD +1.41%

DIS +1.42%

CVS +0.85%

KO +0.98%

Consumer stocks were mostly higher Monday with shares of consumer staples companies in the S&P 500 climbing about 0.4%. Shares of consumer discretionary firms in the S&P 500 were up about 1.1%.

In company news, Kraft Foods Group ( KRFT ) was serving up a small gain for investors today after the prepared foods company said it will phase out production of its popular Macaroni & Cheese dinner with artificial preservatives or colors by early next year.

The company said it will replace synthetic colors with natural sources such as paprika, annatto and turmeric.

KRFT recently traded was up almost 1% at $87.50 apiece, earlier climbing to a session high of $87.89 a share. The stock has traded within a 52-week range of $53.33 to $91.32 a share, rising almost 54% over the past 12 months prior to today's session.

In other sector news,

(+) XUE, Receives preliminary non-binding proposal from Insight Investment Co. Ltd. seeking to acquire all of the company's stock at $3.38 per American Depository shares, a 20% premium over Friday's closing price.

(-) ICON, Chief operating officer Set Horowitz tenders resignation on April 13, leaving the company after about one year on the job.

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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