These food stocks are on the move after Mars' sector-rattling deal for Kellanova

seekingalpha08-14

Mama's Creations (NASDAQ:MAMA) and JBS S.A. (OTCQX:JBSAY) are the two food sector stocks that opened with the biggest gain after Mars' $39.5 billion acquisition of Kellanova (NYSE:K) raised the M&A ...

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(OTCQX:JBSAY) are the two food sector stocks that opened with the biggest gain after Mars' $39.5 billion acquisition of Kellanova (NYSE:K) raised the M&A ...</p>\n\n<a href=\"https://seekingalpha.com/news/4139818-these-food-stocks-are-on-the-move-after-mars-sector-rattling-deal-for-kellanova\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These food stocks are on the move after Mars' sector-rattling deal for Kellanova</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese food stocks are on the move after Mars' sector-rattling deal for Kellanova\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-14 22:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4139818-these-food-stocks-are-on-the-move-after-mars-sector-rattling-deal-for-kellanova><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mama's Creations (NASDAQ:MAMA) and JBS S.A. (OTCQX:JBSAY) are the two food sector stocks that opened with the biggest gain after Mars' $39.5 billion acquisition of Kellanova (NYSE:K) raised the M&A ...</p>\n\n<a href=\"https://seekingalpha.com/news/4139818-these-food-stocks-are-on-the-move-after-mars-sector-rattling-deal-for-kellanova\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0162691827.USD","symbol_name":"BGF US BASIC VALUE \"A4\" INC","start_time":0,"source_url":"https://seekingalpha.com/news/4139818-these-food-stocks-are-on-the-move-after-mars-sector-rattling-deal-for-kellanova","article_id":"2459170553","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1097298712/image_1097298712.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459170553","pubTimestamp":1723644400,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Mama's Creations (NASDAQ:MAMA) and JBS S.A. 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(OTCQX:JBSAY) are the two food sector stocks that opened with the biggest gain after Mars' $39.5 billion acquisition of Kellanova (NYSE:K) raised the M&A profile for the sector. Mama's Creations (MAMA) was up 8.75% in the first half hour of trading on Wednesday, while JBS S.A. (OTCQX:JBSAY) rose 5.65%. Meanwhile, Laird Superfood (NYSE:LSF) showed a 3.35% gain to outpace the food sector and the broad market. The massive deal for Kellanova (K) arrived at a time when the packaged food sector has been struggling with a post-pandemic letdown in demand as consumers have sought out private-label alternatives due largely to pricing. Of note, Kraft Heinz (KHC) is the only packaged food sector with a higher market cap than the premium offered by Mars for Kellanova (K), which may be an indication that valuations are low. Mars Global President Andrew Clarke said the Kellanova (K) deal is an exciting opportunity for the company to create a broader, global snacking business, allowing Kellanova (K) and Mars Snacking to both achieve their full potential. \"Kellanova and Mars share long histories of building globally recognized and beloved brands. The Kellanova brands significantly expand our Snacking platform, allowing us to even more effectively meet consumer needs and drive profitable business growth. Our complementary portfolios, routes-to-market and R&D capabilities will unleash enhanced consumer-centric innovation to shape the future of responsible snacking.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459170553"}