#1 - WK Kellogg (NYSE:KLG)
WK Kellogg (NYSE: KLG) is a relatively new stock but an established leader in the food industry. The company is a pure-play cereal manufacturer after spinning off from its parent brand, Kellanova (NYSE: K), which houses the company’s portfolio of snack foods in international markets.
The company’s broad portfolio includes brands that cover a range of age and lifestyles with particular focus on consumer health and wellbeing. Cereal can seem like a boring business model. However, the company continues to maintain and even increase its market share with many of its core brands. Plus, Kellogg is prioritizing steps to modernize its supply chain, which may be a key profit driver in the coming years.
KLG stock competes with names such as Post and General Mills Inc. (NYSE: GIS) and trades at a similar price-to-earnings (P/E) ratio. That’s one reason, along with an attractive dividend that yields 3.42%, why the stock may be attractive to investors looking for deep value.
About WK Kellogg
WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It manufactures, markets, and distributes ready-to-eat cereal products primarily under the Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, and Kashi brands. The company was formerly known as North America Cereal Co and changed its name to WK Kellogg Co in March 2023.
More- Current Price
- $20.00
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 4 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $17.88 (10.6% Downside)
