Ares Management to Replace Kellanova in S&P 500 Effective December 11
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
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Source: Newsfilter
- S&P 500 Changes: Ares Management (NYSE: ARES) will replace Kellanova (NYSE: K) in the S&P 500 effective December 11, reflecting increased market confidence in Ares while indicating Kellanova's exit due to its acquisition by Mars Inc.
- SmallCap Index Adjustment: Vital Farms Inc. (NASD: VITL) will replace Heidrick & Struggles Intl Inc. (NASD: HSII) on the same date, showcasing market recognition of Vital Farms in the consumer goods sector, which is expected to enhance its visibility.
- Acquisition Dynamics: Mars Inc. is acquiring Kellanova with the deal expected to close soon, which will further consolidate market resources and potentially reshape the competitive landscape in the consumer goods industry.
- Investor Confidence: With Vital Energy (NYSE: VTLE) being acquired by Crescent Energy Co. (NYSE: CRGY), Sezzle (NASD: SEZL) will join the SmallCap index on December 15, indicating sustained investor interest in the fintech sector.
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Analyst Views on ARES
Wall Street analysts forecast ARES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARES is 196.55 USD with a low forecast of 175.00 USD and a high forecast of 222.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 149.800
Low
175.00
Averages
196.55
High
222.00
Current: 149.800
Low
175.00
Averages
196.55
High
222.00
About ARES
Ares Management Corporation is an alternative investment manager offering clients complementary primary and secondary investment solutions across various asset classes. Its segments include Credit Group, Private Equity Group, Real Assets Group, Secondaries Group, and Other. The Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including liquid credit, alternative credit, direct lending and APAC credit. The Private Equity Group segment categorizes its investment strategies as corporate private equity, special opportunities and APAC private equity. The Real Assets Group segment manages comprehensive equity and debt strategies across real estate and infrastructure investments. The Secondaries Group segment invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate, infrastructure and credit. It has operations across North America, South America, Europe, Asia Pacific and the Middle East.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ares Management Provides $1.6 Billion Financing for Evermark Merger
- Financing Scale: Ares Credit funds acted as the administrative agent for $1.6 billion in debt financing to support the merger of Suave Brands and Elida Beauty, showcasing Ares' strong capital strength in the consumer sector.
- Brand Integration: The merged entity, Evermark, boasts a portfolio of iconic personal care brands including Suave, Q-tips, and ChapStick, which is expected to enhance market competitiveness and brand influence.
- Strategic Vision: Tad Yanagi, Partner at Yellow Wood, noted that this financing supports Evermark's strong launch and will further invest in product quality and innovation, aiding the execution of their long-term growth strategy.
- Global Asset Management: As of September 30, 2025, Ares Management Corporation had over $595 billion in assets under management, demonstrating its extensive influence and investment capability in global markets.
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Ares Management Provides $1.6 Billion Financing for Suave and Elida Merger
- Financing Scale: Ares Management acted as the administrative agent for $1.6 billion in debt financing for the merger of Suave Brands and Elida Beauty, showcasing its robust capital strength in the consumer goods sector.
- Post-Merger Branding: The merged entity is named Evermark and includes well-known personal care brands such as Suave, Pond's, Caress, St. Ives, Noxzema, and TIGI, aimed at enhancing market competitiveness.
- Strategic Investment: Ares partner Karen De Castro noted that this financing reflects the scaled capital of Ares' US Direct Lending platform, indicating the firm's commitment to the consumer goods industry and its long-term growth potential.
- Business Growth Strategy: Yellow Wood partner Tad Yanagi emphasized that this strategic financing has supported the strong launch of the combined business and enhanced their ability to invest further in product quality, innovation, and accessibility, facilitating the execution of their long-term growth strategy.
Continue Reading