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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm just like, along with Carol Masser, let's take a

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Speaker 3: look at some stocks on the move today. We're joined

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Speaker 3: by Emily Graffeo from the Bloomberg News Across Asset team. Emily,

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Speaker 3: a lot to choose from, especially on the downside today.

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Speaker 4: Yes, but I'm going to start on a high note, Tim,

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Speaker 4: because why not. PepsiCo ticker PEP it actually was up

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Speaker 4: as much as six percent today. Now it's up about

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Speaker 4: two percent, but it's all on deal news. Elliott Investment

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Speaker 4: Management confirm that it has taken a four billion dollars

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Speaker 4: steak in the company. So Elliot's gonna be one of

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Speaker 4: the largest investors. And I guess the movement today in

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Speaker 4: the share shows that the shareholders like potential change that's

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Speaker 4: coming with Elliott. They say that there they send a

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Speaker 4: presentation Elliott that they should PepsiCo should review and streamline

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Speaker 4: their snack's portfolio, divest underperforming assets, and they're also considering

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Speaker 4: refranchising the beverage units bottling network. So I learned a

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Speaker 4: lot about bottling Coca.

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Speaker 3: Cola did years ago, and it worked out really well for

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Speaker 3: Coca Cola.

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Speaker 4: Yeah, basically, like let PepsiCo focus on the brand and

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Speaker 4: the marketing of the sodas and then let you know,

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Speaker 4: outsource all of the efforts that go to actually like

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Speaker 4: bottling the soda. So that's like.

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Speaker 1: With Coca Cola, right, they've the massive bottling operations.

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Speaker 4: I just want to tell you it took me.

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Speaker 1: Down to kind of doing some googling and all, like, Okay,

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Speaker 1: that was Freedo's right, just owned by PepsiCo.

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Speaker 4: Yeah, yeah, I don't know. That's like one of their

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Speaker 4: core brands. So I would imagine that, you know, PepsiCo

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Speaker 4: is going to maybe focus more on making that brains

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Speaker 4: more free. Yeah, better than ever. The market value of

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Speaker 4: the company is actually plunged more than twenty percent from

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Speaker 4: a peak in May twenty twenty three. So although it's

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Speaker 4: a name, you know that we know and love, and

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Speaker 4: we know the brands they need, I guess a little

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Speaker 4: bit of help here.

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Speaker 2: Well.

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Speaker 3: I think what's remarkable is pre pandemic and maybe just

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Speaker 3: a few years ago, even after the pandemic, for quite

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Speaker 3: a while, the snack brands business is what was helping

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Speaker 3: to keep Pepsi afloat, and it will something that analysts said, Hey,

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Speaker 3: Coca Cola doesn't have the snackside of the business that

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Speaker 3: Pepsi does. Right again right, consumer preferences shifting.

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Speaker 1: Yeah, we were now eating a lot of veggies and

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Speaker 1: hummus and all that goodsff.

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Speaker 4: That's just if you're looking at me like, could you

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Speaker 4: go on vacation again. Let's talk about Constellation Brands. Okay,

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Speaker 4: this is another story of maybe changing consumer preferences. Constellation

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Speaker 4: Brands ticker st Z. They're the parent company of a

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Speaker 4: number of alcohol brands, Modello Corona. So they cut their

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Speaker 4: fiscal twenty twenty six guidance today citing weak consumer demand

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Speaker 4: that's going to hurt inventory rebalancing at the distributor level.

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Speaker 4: So that stock fell seven percent. And if you look

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Speaker 4: at what the CEO had to say, over the last

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Speaker 4: several months, high end beer buy rates decelerated sequentially as

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Speaker 4: both trip frequency and spend per trip declined. I feel

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Speaker 4: like we've talked about this on the show before. Of

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Speaker 4: like gen Z doesn't like alcohol. I know maybe older generations,

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Speaker 4: there's a lot of alcohol beverage companies talk about like

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Speaker 4: the pushback and declining numbers, whether it's wine, whether it's beer. Right,

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Speaker 4: I mean it's not me, but maybe.

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Speaker 3: In all seriousness, you don't drink during the week, right Yeah,

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Speaker 3: which is something I've learned about you, and I think

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Speaker 3: a generation ago you wouldn't have heard that from somebody,

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Speaker 3: you know where where you are in life, right work.

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Speaker 4: Hopefully you're making it sound so lame. No, it's just different. Yeah, No,

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Speaker 4: I guess it is different. Gen Z's very Yeah, their

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Speaker 4: folks are well, get a drink, right, Yeah. You don't

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Speaker 4: see that as much, and you can see that in

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Speaker 4: Constellation Brands is like forecasts, they see enterpresident sales growth

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Speaker 4: down four percent to six percent. They had seen a

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Speaker 4: decline of two to one percent.

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Speaker 1: Listen, we've all been talking about craft Higns today and

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Speaker 1: for good reason. Just give us thirty seconds on what

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Speaker 1: we need to really know about that.

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Speaker 4: Okay, k HC. Craft Higns. The stock is down majorly today.

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Speaker 4: They announced plans to split into two separate companies, but

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Speaker 4: the street is not happy about it. Warren Buffett isn't

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Speaker 4: happy about it. But basically there's gonna be two companies,

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Speaker 4: one selling hines, catchup condiments, box meals, and then another

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Speaker 4: selling slower growing grocery products. But right now the market's

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Speaker 4: not like yet. The stock is down over seven percent.

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Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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