Should Investors Snack on Packaged-Food Stocks?

M&A activity is heating up in sector. Here's where investors can find opportunity.

Jan 22, 2018

Mentioned: Post Holdings Inc (POST) , The Kraft Heinz Co (KHC) , Amplify Snack Brands Inc (BETR) , Invesco Corporate Bond A (ACCBX) , Berkshire Hathaway Inc (BRK.A) , Amazon.com Inc (AMZN) , Snyder's-Lance Inc (LNCE) , Walmart Inc (WMT) , Hormel Foods Corp (HRL) , Campbell Soup Co (CPB)

Just as investors started heading out for their holiday breaks, Campbell Soup (CPB) made its largest acquisition in the company's 148-year history, buying snack food company Snyder's-Lance (LNCE) for $6 billion.

That same day, Hershey (HSY) announced it was buying Amplify Snack Brands (BETR), maker of the second-leading ready-to-eat popcorn brand Skinny Pop, for $1.6 billion.

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Bryan Borzykowski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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