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Consumer Sector Update for 06/16/2015: COTY,PG,EL,JAKK,UNFI

Top Consumer Stocks

WMT +0.64%

MCD +0.29%

DIS +0.93%

CVS +0.61%

KO +1.30%

Consumer stocks were closing broadly higher today with shares of consumer staples companies in the S&P 500 posting a 1.1% advance. Shares of consumer discretionary firms in the S&P 500 were gaining about 0.6%.

In company news, shares of health and beauty products company Coty Inc ( COTY ) rallied to a new all-time high Tuesday following reports it was close to a $12 billion deal with Procter & Gamble ( PG ) for its hair and beauty products lines.

If the deal goes through, Coty would gain P&G's Gucci and Hugo Boss perfume lines as well as Wella and Clairol hair care products and Max Factor and Cover Girl make-up.

P&G last summer announced plans to sell its slower growing brands over the next two years. Coty was competing in an auction against German consumer products conglomerate Henkel AG & Co. for the hair care lines, sources told Reuters, with Estee Lauder ( EL ) among the bidders for the remaining assets.

COTY shares were up over 19% in late trade at $31.05 each, earlier climbing to a best-ever $31.29 a share. Prior to today's surge, the stock already had risen more than 52% over the past 12 months.

P&G also was higher in afternoon trade, rising about 1.4% to $79,20 a share. EL shares were up over 2% at $88.18 apiece, just a penny under their intra-day high.

In other sector news,

(+) JAKK, Authorizes $30 mln buyback of the company's common stock and convertible notes.

(-) UNFI, Reduced to Hold from Buy in a downgrade today at Argus Capital Group.

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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