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
In the last year, there was no coverage of WK Kellog published on Stockchase.
WK Kellog was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for WK Kellog.
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.
In the last year, there was no coverage of WK Kellog published on Stockchase.
On 2024-12-13, WK Kellog (KLG-N) stock closed at a price of $20.78.
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).