01:55 PM EDT, 03/10/2025 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 3.3%.

In corporate news, PepsiCo ( PEP ) and General Mills ( GIS ) are among several major food companies whose executives are expected to meet with US Secretary of Health and Human Services Robert F. Kennedy Jr. on Monday, Politico reported. PepsiCo ( PEP ) shares rose 2.8% and General Mills ( GIS ) climbed 3.5%.

Ford (F) said Monday it will inject up to 4.4 billion euros ($4.77 billion) of new capital and financing into a comprehensive business plan for its Ford-Werke unit in Germany. Ford shares added 0.2%.

QXO (QXO) is in discussions to acquire Beacon Roofing Supply ( BECN ) for about $11 billion, the companies said Monday. QXO shares shed 0.2% and Beacon jumped 7.4%.