Market Update

Should Investors Snack on Packaged-Food Stocks?

Bryan Borzykowski

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.