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WK Kellog (KLG-N)
NYSE:KLG
23.32
0.45
(1.89%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 1 opinions in the last 12 months.
The reviews from different experts suggest that WK Kellogg's stock has plunged 29% in the past week due to the decline in the packaged food stocks market. The company recently spun off its cereals business as snacks have shown more growth potential. However, the growth in snacking has also slowed down, leading to a forecast of only 3% revenue growth for the full year. The street fears cash-flow problems and predicts more borrowing, and experts prefer Kellanova for its snacks over KLG (cereals).
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WK Kellog(KLG-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
WK Kellog(KLG-N) Frequently Asked Questions
What is WK Kellog stock symbol?
WK Kellog is a American stock, trading under the symbol KLG-N on the New York Stock Exchange (KLG). It is usually referred to as NYSE:KLG or KLG-N
Is WK Kellog a buy or a sell?
In the last year, 1 stock analyst published opinions about KLG-N. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for WK Kellog.
Is WK Kellog a good investment or a top pick?
WK Kellog was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for WK Kellog.
Why is WK Kellog stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is WK Kellog worth watching?
In the last year 1 stock analyst on Stockchase covered WK Kellog. The stock is worth watching.
What is WK Kellog stock price?
On 2024-05-03, WK Kellog (KLG-N) stock closed at a price of $23.32.
Plunged 29% this past week. Packaged food stocks have been hammered in this market. Cereal is not a growth business, but snacks are. Before the recent spin off, K saw 80% of sales from snacks like Pringles. So Kellogg's spun off cereals into a separate company. From 2019-22, snacks saw nearly 9% annual organic compound revenue growth (vs. cereal below 1%). But snacking has slowed. K forecasts only 3% revenue growth full year, much lower than 12 months ago. Then, these new weight-loss drugs will likely reduce craving for snacks. The street fears cash-flow problems and predicts more borrowing. So, he prefers Kellanova for its snacks over KLG (cereals).