Processed Food Stocks Drop After RFK Jr. Announcement

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.

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, Jell-O, Lunchables, Kraft Mac & Cheese and Kool-Aid.

Trump announced Thursday that he would nominate Kennedy to direct the HHS.

“I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS),” he tweeted. “For too long, Americans have been crushed by the industrial food complex and drug companies who have engaged in deception, misinformation, and disinformation when it comes to public health.”

I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS). For too long, Americans have been crushed by the industrial food complex and drug companies who have engaged in deception, misinformation, and disinformation when it…

— Donald J. Trump (@realDonaldTrump) November 14, 2024

Kennedy has been vocal about public health and the chemicals in America’s food. Food additives like potassium bromate, Titanium dioxide and Brominated vegetable oil (BVO) are banned in Europe but allowed in the U.S., CBS News reported.

“The Democrats, who claim to be all about health care have stood by watching other countries ban these poisons that make our kids sick,” RFK stated in a post online. “Enough is enough. President Trump and I are going to stop the mass poisoning of American children.”

The Democrats, who claim to be all about health care have stood by watching other countries ban these poisons that make our kids sick. Enough is enough. President Trump and I are going to stop the mass poisoning of American children. pic.twitter.com/Rf04MrF9e8

— Robert F. Kennedy Jr (@RobertKennedyJr) September 25, 2024

AUTHOR

Eireann Van Natta

General assignment reporter.

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