Chicago, Illinois-based Kellanova (K) manufactures and markets snacks and convenience foods. Valued at a market cap of $28.6 billion, the company’s principal products consist of snacks, such as crackers, savory snacks, toaster pastries, cereal bars, granola bars, and bites; and convenience foods, including ready-to-eat cereals, frozen waffles, veggie foods, and noodles. It sells its products under various well-known brands, including Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, and Eggo, to name a few.
Shares of this snacks and convenience food manufacturing company have considerably outpaced the broader market over the past 52 weeks. K has rallied 33.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 8.6%. Moreover, on a YTD basis, the stock is up 2%, compared to SPX’s 4.3% drop.
