GIS' Accelerate strategy bodes well amid a tough operating environment marked by inflationary pressures and rising costs.
The phrase "a dog's life" implies misery, but Freshpet hopes to change that — not only for the beloved pooches of the world, but holders of the company's stock as well. The Bedminster, N.J.-based pet food specialist boasts steam-cooked, grain-free and antioxidant-rich meals for canines as well as cats. Investors also may be in for a treat, too, as Freshpet stock is setting up after an earnings beat-and-raise earlier this month.
Food stocks got a big boost on Aug. 14 when the speculation privately held Mars was in serious negotiations to buy Kellanova (NYSE:K), the owners of Eggo, Cheez-It and many other food brands, turned into confirmation. Mars will pay $36 billion, or $83.50 a share, a 33% premium to Kellanova’s Aug. 2 closing price, the day before Reuters first reported the potential tie-up. Kellanova stock is up more than 40% over the past month as a result. Last October, the former Kellogg Company was separated f