When it comes to investing, uncertainty can be opportunity.
Few market segments face more uncertainty today than "Big Food." The segment grapples with fast-changing consumer tastes. Packaged-food makers are experiencing fierce competition in the center-of-store aisles, with brand names losing their luster as smaller competitors emerge and consumers increasingly favor fresh items. Lukewarm results and bland growth prospects characterize the segment today--and many of the stocks have gotten hammered. Campbell Soup (CPB) and General Mills (GIS) are down more than 25% each this year as of this writing; JM Smucker (SJM), The Hershey (HSY) and PepsiCo (PEP) have all seen double-digit declines.
Susan Dziubinski has a position in the following securities mentioned above: K. Find out about Morningstar's editorial policies.