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Kellogg, with the symbol K-N, recently announced plans to spin off its cereal business from its snacking business. Despite delivering a strong quarter and raising their full-year forecast, the stock has hit 52-week lows due to packaged foods falling out of fashion. However, the company's beloved brands and strong performance in the market have garnered attention. Kellogg's global purpose platform, Kellogg's Better Days, reflects the company's commitment to creating positive impacts. Social media mentions have significantly increased, indicating growing interest and awareness of the company's presence and products.
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, 2 stock analysts published opinions about K-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Kellog.
Kellog was recommended as a Top Pick by on . Read the latest stock experts ratings for 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.
2 stock analysts on Stockchase covered Kellog In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Kellog (K-N) stock closed at a price of $57.35.
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.