For its part, PSL is not a stranger to food and beverage M&A. The ETF earned some time in the limelight last year when Tyson Food (NYSE: TSN) and Pilgrim’s Pride (NYSE: PPC) fought for Hillshire Brands. [A Meat Wars ETF]

Hain Celestial and WhiteWave are not PSL’s only holdings that double as the subject of takeover talk. Monster Beverage (NasdaqGS: MNST) and Keurig Green Mountain (NasdaqGS: GMCR) have sold stakes in themselves to Coca-Cola (NYSE: KO), igniting speculation that Coke could eventually acquire one of those companies outright. Monster is PSL’s largest holding at almost 4.7% of the ETF’s weight while Keurig garners a 3.6% allocation.

Other PSL holdings that have been previously mentioned as potential targets include Constellation Brands (NYSE: STZ) and Dr. Pepper Snapple (NYSE: DPS), a combined 7.1% of the ETF’s weight.

PowerShares DWA Consumer Staples Momentum Portfolio

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