Consumer Staples: Prep Pack with Management Questions Post Q1 EPS

Research evidence excerpt

Consumer Staples: Prep Pack with Management Questions Post Q1 EPS

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May 18, 2026 02:15 AM GMT

Morgan Stanley & Co. LLCMConsumer Staples | North America Dara Mohsenian, CFA

Equity Analyst

Prep Pack with Management Dara.Mohsenian@morganstanley.comEric A Serotta, CFA +1 212 761-6575

Eric.Serotta@morganstanley.com +1 212 761-2370

Questions Post Q1 EPS Patty Kanada, CFA

Patty.Kanada@morganstanley.com +1 212 761-1019

This Prep Pack report is designed to help investors prepare for Kenneth Tan

conference season, and includes a question bank for each ResearchKenneth.Tan@morganstanley.comAssociate +1 212 761-4954

company. Josh Haubenstock

Research Associate

Below, we include our post-1Q prep pack with questions for companies. Please see Josh.Haubenstock@morganstanley.com +1 212 761-1059

links below for ease of navigation to the company Prep Pack sections: Beverages

North America

Top Picks: As laid out in our March slide deck here, we see a number of cornerstone Industry View Attractive

stocks that investors can own long-term and generate alpha in our minds across a

volatile environment and importantly, are not dependent on sector fund flows. Post

Q1 EPS, our favored picks within sectors remain Coca-Cola in beverages, Philip

Morris in tobacco, Mondelez in food, and Colgate in household products, with

Monster, Freshpet, and Hershey rounding out our best ideas.

Exhibit 1: Preferred OW Picks

MS Beverages and Household Products Stock Preference Order

1. Coca-Cola Co. (KO) - Top Beverages Pick

2. Philip Morris International (PM) - Preferred Tobacco Pick

3. Mondelez International (MDLZ) - Top Food Pick

4. Colgate-Palmolive (CL) - Top Household Products Pick

5. Monster Beverage Corp (MNST)

6. Freshpet Inc (FRPT)

7. The Hershey Company (HSY)

Source: Morgan Stanley Research