Should Investors Snack on Packaged-Food Stocks?
M&A activity is heating up in sector. Here's where investors can find opportunity.
M&A activity is heating up in sector. Here's where investors can find opportunity.
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.
Bryan Borzykowski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.