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Kellogg, often known for its beloved brands such as Pringles, Cheez-It, and Special K, has recently announced a split in its cereal and snacking businesses. Despite delivering a strong quarter and raising their full-year forecast, the stock has hit 52-week lows as packaged foods stocks fall out of favor with investors. The company has a global presence and is committed to creating a positive impact through its Better Days global purpose platform. Social media mentions have surged in the past 24 hours, signifying increased attention on the company.
They report Thursday. They're splitting up which will create value, and packaged foods are hot hot hot. Buy before the report.
Don't buy. It had a nice, not big, little run, so take profits. Mondelez is better.
They took over Pringles last year. This whole space has been extremely challenged. They struggle to grow and particularly in the cereal space. They are having trouble because people's' preferences have changed. There are higher raw materials costs. We are moving away from snacks as well as cereals. Some of these tried to attract investors with high returns of capital. In fact they are just giving back your own capital and not producing enough to cover these big dividends. We should see it 12% lower next year.
Kellog is a American stock, trading under the symbol K-N on the New York Stock Exchange (K). It is usually referred to as NYSE:K or K-N
In the last year, there was no coverage of Kellog published on Stockchase.
Kellog was recommended as a Top Pick by on . Read the latest stock experts ratings for Kellog.
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0 stock analysts on Stockchase covered Kellog In the last year. It is a trending stock that is worth watching.
On 2024-11-06, Kellog (K-N) stock closed at a price of $80.905.
Last summer, they announced spinning off their cereal business from it snacking business. However, packaged foods stocks have fallen out of fashion. Investors don't want recession stocks like this. So, K has hit 52-week lows despite delivering a strong quarter and raised their full-year forecast last week. Strong brands have withstood higher product prices.