Consumer stocks were mixed pre-bell Thursday, with The Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and The Consumer Discretionary Select Sector SPDR Fund (XLY) 0.1% lower.

CAVA Group (CAVA) will replace Altair Engineering (ALTR) in the S&P MidCap 400, effective prior to trading on March 31, S&P Global said. Shares of CAVA Group were up over 3% premarket.

Sonoco Products (SON) shares were nearly 2% higher after the company said it is implementing a 60 euros ($64.6) per-metric-ton price hike for all grades of its core board and paperboard in Europe, effective April 7.

Tether Investments will launch a cash tender offer to acquire up to 49,596,510 common shares of Adecoagro (AGRO) at $12.41 apiece, the companies said. Adecoagro shares were up over 7% premarket.