Bernstein Maintains Kellanova (K) Rating Amid EU Review of Mars Acquisition

Kellanova (NYSE:K) ranks among the top consumer staples stocks according to hedge funds. As the European Commission examines at the planned acquisition by Mars, Bernstein maintained its Market Perform rating and $83 price target on Kellanova (NYSE:K) on July 2.

The firm found little direct overlap between Mars’ primary focus on chocolate candy and Kellanova’s product line, which includes salty snacks and ready-to-eat cereal, indicating limited category competition between the two companies.

According to Bernstein’s analysis, other major industry competitors have greater flagship brands than Kellanova’s and Mars’s, even if Mars continues to hold a strong presence in the Snacks sector.

According to Bernstein, Kellanova (NYSE:K) may divest Pringles or its cereal portfolio in Germany, France, or the EU in order to allay regulatory worries. This is one of three possible outcomes including licensing or sale scenarios.

Formerly known as the Kellogg Company, Kellanova (NYSE:K) is a food manufacturing company that produces and distributes convenience foods and snacks, including cereal, crackers, and toaster pastries.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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