Added to YB: 2024-12-16
Pitch date: 2024-12-13
KLG [neutral]
WK Kellogg Co
+13.3%
current return
Author Info
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Company Info
WK Kellogg Co operates as a food company in the United States, Canada, Mexico, and the Caribbean. The company manufactures, markets, and distributes ready-to-eat cereal products primarily under the Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, Kashi, Corn Flakes, and Apple Jacks brand names.
Market Cap
$2.0B
Pitch Price
$20.30
Price Target
30.00 (+30%)
Dividend
2.86%
EV/EBITDA
9.37
P/E
66.77
EV/Sales
1.05
Sector
Food Products
Category
value
Deep dive into Kellogg
KLG (deep dive): Spun-off NA cereal biz, 18% of original Kellogg rev. Aims to stabilize topline (-3% avg), improve margins (+5%), pay down debt. Bull: 50%+ upside on margin boost, growth reaccel. Bear: Continued mkt share loss, failed marketing. DCF fair value $23.9, current $20.7. Key risks: volume decline, raw material costs, customer concentration.
Read full article (7 min)