Merger Details: Mars and Kellanova's merger is set to close on December 11, creating a global snacking powerhouse with an expected annual revenue of $36 billion and a portfolio of 9 billion-dollar brands.
Company Operations: The combined entity will be headquartered in Chicago, operating in over 145 markets with more than 50,000 employees and 80 global production facilities.
Market Context: The merger comes amid a challenging time for the packaged food sector, which has seen a decline in demand post-pandemic as consumers shift towards private-label alternatives.
Competitive Landscape: The new Mars-Kellanova entity will compete with major companies like PepsiCo, Nestle, and Mondelez International, while also facing competition from brands like Campbell's and General Mills in specific categories.
Wall Street analysts forecast PBJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBJ is USD with a low forecast of USD and a high forecast of 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.
0 Analyst Rating
Wall Street analysts forecast PBJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBJ is USD with a low forecast of USD and a high forecast of 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.
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0 Sell
Current: 46.910
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Current: 46.910
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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.
