Food Sector M&A Is Heating Up, Gabelli Fund Manager Says: Watch For BellRing Brands, Campbell Soup - Campbell Soup ( NASDAQ:CPB ) , WK Kellogg ( NYSE:KLG ) , Kellanova ( NYSE:K )
The food industry is ripe for consolidation now that the Federal Reserve is expected to cut interest rates in September. According to Kevin Dreyer, co-CIO of Value at Gabelli Funds, lower rates generally stimulate M&A activity.
| Ticker |
Sentiment |
Impact |
|
K
|
Somewhat Bullish
|
40 %
|
|
CPB
|
Somewhat Bullish
|
31 %
|
|
BRBR
|
Bullish
|
31 %
|
|
KLG
|
Neutral
|
21 %
|
