31 Jan Consumer Sector Update for 01/29/2018: WMT, MCD, DIS, CVS, KO, DPS, NBEV, PEP, DEO
Top Consumer Shares:
Consumer shares were mostly lower ahead of the opening bell on Monday.
– Dr Pepper Snapple Group ( DPS ): surged 30% after the company said it has agreed to merge with privately held Keurig Green Mountain
– New Age Beverages ( NBEV ) rose 5% after it said it has formed a partnership with Simple Again to bring its products to juice bars and health clubs in the US
– Pepsico ( PEP ): SunTrust initiates coverage for the company with a hold rating and $125 price target
– Diageo ( DEO ): received an investment-rating downgrade to sector perform from outperform from RBC Capital Markets
News from overseas:
– FTSE 250-listed convenience food company Greencore Group PLC (GNC.LN) unveiled the sale of its cakes & desserts business in Hull to Bright Blue Foods Ltd.
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