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Britain clears Greencore, Bakkavor's $1.6-billion food group merger
Reuters· 2025-12-17 07:26
Britain's competition regulator has cleared the proposed 1.2-billion-pound ($1.61 billion) merger between convenience food manufacturers Greencore and Bakkavor on Wednesday, scrapping an in-depth probe into the companies. ...
Hormel: Experiencing Short-Term Headwinds, But It's Fairly Priced (HRL)
Seeking Alpha· 2025-12-11 20:18
This could be a good time to buy one of the best dividend stocks. According to SA, Hormel Foods Corporation ( HRL ) currently has a forward yield of 4.95%. This company is also on-trend becauseI am a freelance business writer. I formerly wrote articles for the Motley Fool Blogging Network, where I won several editor's choice awards. After that, I wrote articles for the main Motley Fool site. I typically focus on restaurants, retailers, and food manufacturers, considering both growth opportunities and valuat ...
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Forbes· 2025-12-11 14:43
Jack Link’s $4 billion family-owned business is the largest manufacturer of jerky in the world, selling 800 million packages of meat snacks and other products a year. But the company namesake and his son are still hungry for more.Full story: https://t.co/mVAzdFuJKV (Photo: Nate Ryan for Forbes) ...
X @Forbes
Forbes· 2025-12-11 13:01
How The King Of Beef Jerky Became A BillionaireJack Link’s $4 billion family-owned business is the largest manufacturer of jerky in the world, selling 800 million packages of meat snacks and other products a year. But the company namesake and his son are still hungry for more. https://t.co/mVAzdFuJKV ...
Bernstein Lowers Campbell’s (CPB) PT to $33, Cites Strong Broths/Premium Brands Despite Soup Struggles
Yahoo Finance· 2025-12-11 12:44
Core Insights - Campbell's Company is identified as a high short interest stock with potential for investment, despite recent challenges in certain product lines [1] - Bernstein has lowered the price target for Campbell's Company to $33 from $39 while maintaining an Outperform rating, citing alignment with consumer trends in their product mix [1][3] - The company reported FQ1 earnings that exceeded analyst expectations, with a Non-GAAP EPS of $0.77 and quarterly revenue of $2.7 billion, despite a 3% year-over-year decline [2] Financial Performance - Campbell's Company achieved a Non-GAAP EPS of $0.77, surpassing analyst expectations by $0.04 [2] - Quarterly revenue reached $2.7 billion, exceeding forecasts by $40 million, although it represented a 3% decline compared to the previous year [2] Strategic Developments - The company is focusing on growth through its recently acquired Rao's sauces brand and has entered into agreements to acquire a 49% interest in La Regina, a sauce producer [3] - Campbell's Company reaffirmed its full fiscal year 2026 guidance, projecting an adjusted EPS between $2.40 and $2.55 [3] Product Segments - The Meals & Beverages division is benefiting from strong performance in broths and condensed soups, while premium brands like Pacifico and Rao's are performing well due to high-quality ingredients [1] - The Ready-to-Serve soup segment is facing challenges, particularly due to the discontinuation of the Well Yes! brand [1]
Is Kellanova Stock Underperforming the Dow?
Yahoo Finance· 2025-12-11 10:32
Headquartered in Chicago, Illinois, Kellanova (K) is a global manufacturer and marketer of snacks and convenience foods. Its diverse portfolio includes crackers, cereals, snack bars, savory snacks, frozen foods, noodles, and more. With a market cap of approximately $29 billion, Kellanova firmly claims “large-cap” status and sells powerhouse brands like Kellogg’s, Cheez-It, Pringles, Eggo, RXBAR, and Morningstar Farms across more than 180 countries. More News from Barchart K shares are trading only slig ...
Premium Brands Holdings Corporation Announces the Acquisition of Stampede Culinary Partners and Concurrent Equity and Convertible Debenture Offerings
Globenewswire· 2025-12-10 21:45
All amounts in Canadian dollars unless otherwise stated NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION INTHE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. The base shelf prospectus is accessible, and the shelf prospectus supplement for the public offering will be accessible within two business days, through SEDAR+ VANCOUVER, British Columbia, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Premium Brands Holdings Corporation (“Premium B ...
Popular candy maker acquires healthy cereal brand in historic merger
Yahoo Finance· 2025-12-10 18:33
Imagine a diet cereal brand suddenly being bought by a candy manufacturer. It may sound unexpected, but there's more behind the move than meets the eye. As consumers become more health-conscious, seeking snacks with fewer calories, simpler ingredients, and less artificial processing, major food companies are adapting by investing heavily in healthier alternatives to avoid being outpaced by the competition as shoppers turn away from traditional, sugary treats. That shift became more evident this April wh ...
Ares Replaces Pop-Tarts Purveyor Kellanova on S&P 500
Yahoo Finance· 2025-12-10 05:01
Ares Management just joined the S&P 500 club and is already reaping the benefits of membership. The alternative asset manager’s stock got a 7.27% boost on Tuesday as investors digested its new street cred. The S&P Dow Jones Indices announced Monday that Ares would replace Kellanova — owner of pantry favorites like Pringles, Pop-Tarts and Cheez-It — before the market opens on Thursday. The switch-up comes as fellow food company Mars is set to complete a $36 billion acquisition of Kellanova. SUBSCRIBE: Rec ...
Why Mama's Creations Stock Surged Today
The Motley Fool· 2025-12-09 22:22
New partnerships with Costco and Target are set to boost sales and profits.Shares of Mama's Creations (MAMA +28.44%) leaped 28% on Tuesday after the deli-prepared food maker reported impressive growth metrics. A crowning achievement Mama's third-quarter revenue rocketed 50% higher year over year to $47.3 million, fueled by double-digit organic sales growth and the company's recent acquisition of Crown 1 Enterprises.Mama purchased Crown 1's assets from food distribution giant Sysco in September for $17.5 mi ...