Science tells us chocolate is good for our health...But it's also useful for one other thing, lining your pocketbook. How would that help Mars stock? Also.. can we invest in Mars candy stock?
Considering that the global chocolate market is forecasted to reach $139.94 billion by 2024, you might want to consider taking a bite out of this giant.
But if you want a bite of Mars candy stock, you won't be able to. However, I have a few more bars up my sleeve you may be interested in.
With an estimated wealth of $126.5 billion and annual sales of $18 billion, the Mars family and brand is the Walmart of candy. Ranked as the 6th largest privately held company in the US by Forbes, they are an industry giant.
Now Mars may be best known for its chocolate bar; its is only a small piece in a vast puzzle. The Mars brand covers everything from confectionery to pet food.
All of this includes many famous brands from Skittles, Snickers, Pedigree, Whiskas and Uncle Ben's...you get the point.
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While Mars Inc. may be the third-largest privately held company in the US, it hasn't told the public much about itself.
Since 1911, the family has remained tight-lipped. Given the fact that they don't have to disclose a peep of information - they are private, and they have few reasons to change.
Unlike competitors Hershey Co. and Cadbury Schweppes, both of which are traded on the NYSE, Mars Inc. has no intention of following suit.
Part of the reasoning could be because private firms can keep some basic information off-limits to competitors.
Information such as how much they spent on advertising or how much they paid their CEO. By comparison, public firms must air their dirty and not so dirty laundry with the SEC.
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Unfortunately, you can't buy Mars stock because Mars is a privately owned company. But, don't fear, you have other stock options to satisfy your sweet tooth.
However, if you want to discuss other stocks to trade, make sure to check out our trade room.
Have you heard of the term Big Chocolate before? The idea that a few brands dominate much of the chocolate and confectionery industry. In fact, this term rode on the coat-tails of Big Tobacco and Big Oil.
The "Big Chocolate" companies that fall under this umbrella term are known as Mondelez, Mars, Nestlé, and The Hershey Company.
Altogether, these companies process about 12% of the world's 3 million tons of cocoa each year. How impressive is that?!
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Before I get into the alternatives to Mars candy stock, please keep in mind we are amid the coronavirus. I'm sure you're quite aware, but what that means is the quarterly results for these long-standing companies are not reflective of them as a whole.
In fact, we send out stocks that are moving during this time with our real time stock alerts.
The name Hershey is synonymous with chocolate. What's important to notes is this stock historically has been an out-performer. In fact, it has beaten the S&P 500 over the last ten years!
In March, Hershey retail sales growth registered 10% but dropped after that. Unfortunately, even though sales in North America grew 2.1%, it was their second-lowest quarterly sales growth in two years. But it's not all doom and gloom; their Q1 net sales rose by 1% year over year to $2.04 billion.
It's important to point out that this iconic brand has been around for 125 years. To say they're resilient is an understatement.
They've outlasted depressions, wars and even pandemics. I see no reason why they won't come out of this just fine! And good for stock trading.
Without a doubt, you've heard of those companies listed above, but you probably haven't heard of Mondelez.
Mondelez International is a world leader in biscuits, chocolate, gum, candy, and powdered beverages. But I have even better news; they are the brand behind Kraft, Cadbury, Chips Ahoy!, Oreo, Toblerone and many more
Luckily for you, Mondeleze is listed on the stock market. So even though you can't buy Mars Inc stock, you can buy Mondelez stock. On a positive note, Mondelez just reported their Q1 results, beating the analyst estimates by $100 million in revenue.
Despite the fact that we are amid a pandemic, the company still reported net revenues of $6.7 billion for the quarter. The skyrocketing sales are likely attributed to people stockpiling their pantry.
You're probably wondering, with the S&P 500 down so sharply during this market crash, is now the time to invest?
Perhaps a better approach as a long-term investor is to spend your time looking for undervalued companies to buy instead of trying your hand at timing the market.
As always, I suggest you do your due diligence and research before buying any stock—especially one you plan on holding for the long haul. Thanks for reading our Mars stock review! Now go treat yourself to some chocolate!