Kellanova (K) PT Raised to $83.50 at Stifel

Midday movers: UBS, Kellanova rise; Starbucks slips

August 14, 2024 7:46 AM EDT

(Updated - August 14, 2024 11:37 AM EDT)

Investing.com -- U.S. stock futures rose Wednesday following the release of the latest consumer prices data that showed inflation eased in-line with expectations.

Here are some of the biggest U.S. stock movers today:

Intel (NASDAQ: INTC) stock fell 2% after a regulatory filing showed the chipmaker sold its 1.18 million share stake in... More

Mars-Kellanova (K) Deal Includes Termination Fee Of Up To $1.25B - Bloomberg

August 14, 2024 7:28 AM EDT

Mars-Kellanova (K) Deal Includes Termination Fee Of Up To $1.25B - Bloomberg

Earlier: M&M's candy maker Mars to buy out Pringles parent Kellanova in $36 billion deal... More

M&M's candy maker Mars to buy out Pringles parent Kellanova in $36 billion deal

August 14, 2024 7:04 AM EDT

(Reuters) - Family-owned packaged food giant Mars, whose candy brands include M&M's and Snickers, said on Wednesday it would buy Pringles maker Kellanova for nearly $36 billion in the biggest deal in the packaged food sector.

The deal comes days after Reuters reported that Mars was exploring a potential... More

Mars to Acquire Kellanova (K)

August 14, 2024 7:00 AM EDT

Mars, Incorporated, a family-owned, global leader in pet care, snacking and food, and Kellanova (NYSE: K), a leading company in global snacking, international cereal and noodles, North American plant-based foods and frozen breakfast foods, today announced that they have entered into a definitive agreement under which Mars has agreed to acquire Kellanova for $83.50 per share in cash, for a total consideration of $35.9 billion, including assumed net leverage.1 The transaction price represents a premium of approximately 44% to Kellanovas unaffected 30-trading day volume weighted average price and a premium of approximately 33% to Kellanovas unaffected... More

Kellanova (K) August and September 75 calls active

August 14, 2024 5:32 AM EDT

Kellanova (NYSE: K) 30-day option implied volatility is at 43; compared to its 52-week range of 12 to 213 into Mars nears roughly $30B deal for Kellanova, WSJ reports. Call put ratio 4.2 calls to 1 put with focus on August and September 75 calls.

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US CPI, UBS results, UK inflation - what's moving markets

August 14, 2024 4:52 AM EDT

Investing.com -- All eyes will be on the monthly U.S. consumer prices release later in the session as investors look for confirmation that the Federal Reserve will start cutting interest rates in September. U.K. inflation was relatively benign, while UBS impressed with its quarterly profit. 

1. US CPI number in spotlight

Its the turn of consumer prices, due later Wednesday, to cement the start of the Federal Reserves easing path next month, after Tuesdays tame U.S. producer prices release. 

The July producer price index... More

Candy giant Mars to pay $83.50 per share for Kellanova- WSJ

August 13, 2024 11:08 PM EDT

Investing.com-- Mars, best known for its eponymous chocolate and brands such as Snickers, is looking to pay $83.50 for each share in packaged foods maker Kellanova (NYSE: K), the Wall Street Journal reported on Tuesday.

The figure represents a 12% premium to... More

Mars Expected To Pay $83.50/share Cash For Kellanova (K)- WSJ

August 13, 2024 10:38 PM EDT

Mars Expected To Pay $83.50/share Cash For Kellanova- WSJ

... More

Increasing unusual option volume: GXO RVNC IAU PCRX SONO UMC K HES

August 13, 2024 4:56 AM EDT

Increasing unusual option volume: GXO RVNC IAU PCRX SONO UMC K HES

... More

Kellanova (K) PT Raised to $76 at Stifel

August 12, 2024 9:07 AM EDT

Stifel analyst Matthew Smith raised the price target on Kellanova (NYSE: K) to $76.00 (from $64.00) while maintaining a Hold rating.... More

Goldman Sachs Starts Kellanova (K) at Neutral

August 12, 2024 3:44 AM EDT

Goldman Sachs analyst Leah Jordan initiates coverage on Kellanova (NYSE: K) with a Neutral rating and a price target of $75.00.

The analyst comments: "We initiate coverage of Kellanova with a Neutral rating and 12-month price target of $75. K recently spun off its North... More