09:12 AM EDT, 10/21/2024 (MT Newswires) -- Consumer stocks were mixed pre-bell Monday with the Consumer Staples Select Sector SPDR Fund ( XLP ) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.2% lower recently.

Hedge fund Starboard Value has purchased a stake in Kenvue ( KVUE ) , media outlets reported, citing unnamed sources. Kenvue ( KVUE ) shares rose more than 5% premarket.

Mondelez International ( MDLZ ) has agreed to sell its 86 million-share stake in JDE Peet's to investment firm JAB for 25.10 euros ($27.23) per share, JAB said. Mondelez International ( MDLZ ) shares were 0.4% lower premarket.

Marriott International ( MAR ) said it has launched a new program aimed at introducing environmental sustainability into the event-planning industry. Marriott International ( MAR ) shares were fractionally down pre-bell.