Major processed food corporations saw their stock take a dive Friday, a day after President-elect Trump picked Robert F. Kennedy Jr. to be secretary of Health and Human Services (HHS).
Nestle saw its stock reach a 52 week low Friday, according to CNBC. Nestle is one of the top ten companies in the processed food market, along with PepsiCo, Coca-Cola, Kraft-Heinz and General-Mills, according to market.us. (RELATED: Editor Daily Rundown: Trump Taps RFK For HHS Secretary)
Similarly, PepsiCo Inc. saw its stock plunge almost 4% Friday, with Coca-Cola Co. decreasing by more than 1%.
Sugary drinks weren’t the only market hit — General Mills, which manufactures products like Bisquick, Cocoa Puffs and Cinnamon Toast Crunch, dipped more than 2%.
Meanwhile, Campbell Soup Co also decreased by almost 3%, and Kraft Heinz Co. reached a 52 week low. Kraft products include Heinz, Oscar Mayer,…
