Kellanova (K), headquartered in Chicago, Illinois, provides snacking, cereal, noodles, and frozen foods. Valued at $25.08 billion by market cap, the company’s brands include Pringles, Cheez-It, Pop-Tarts, Kellogg’s Rice Krispies Treats, RXBAR, Eggo, MorningStar Farms, Special K, and Coco Pops.
Shares of this leader in global snacking have underperformed the broader market over the past year. K has gained 14.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17.7%. However, in 2024, K stock is up 32.5%, surpassing SPX’s 11.5% rise on a YTD basis.
