The Kellogg Company is an American global food manufacturing corporation based in Battle Creek, Michigan. Kellogg’s manufactures cereals and convenience foods under a number of well-known brands, including Corn Flakes, Apple Jacks, Frosted Flakes, Nutri-Grain, and Pop-Tarts.
This company has acquired Morningstar Farms and Kashi divisions or subsidiaries throughout the years. Kellogg’s also acquired the potato chips brand Pringles from Procter & Gamble in 2012, making it the world’s second-largest snack food company.
Kellogg’s recorded earnings of US$1.269 billion in fiscal year 2017, with yearly revenue of US$12.932 billion, a decrease of 0.7 percent from the previous fiscal cycle. In November 2018, Kellogg’s market capitalization was estimated at about $22.1 billion. Famous Amos, Murray’s, Keebler, Mother’s, and Little Brownie Bakers were sold to Ferrero SpA for $1.4 billion on July 29, 2019. Snacks and convenience foods including cereal and frozen meals, as well as noodles, accounted for roughly $13.8 billion in net sales in 2020.
If you’d invested 1,000 in Kellogg Company Common Stock (K) on July 20, 2011, today the investment would be worth $1,603.25 with an annual rate of return of 4.83%. You would have made a total profit of $603.25.
Since March 20, 1959, Kellogg has traded on the New York Stock Exchange under the ticker code K. According to Kellogg, organic net sales are expected to fall by around 1% in fiscal 2021, owing to the contrast to fiscal 2020’s particularly strong COVID-related growth. In fiscal year 2021, adjusted profits per share are expected to rise by about 1%.
Where to Invest 1k Now
Kellogg is a well-known household name around the world when it comes to cereal. This is why during the last several years, this packaged food company has worked hard to diversify its goods and boost its growth possibilities.
Investing in Kellogg’s could be an excellent investment opportunity based on their future projections and the company’s 2021 earnings reports. If you want to understand more about stock investing, you should speak with a financial advisor.