Kellanova (K), headquartered in Chicago, Illinois, provides snacking, cereal, and noodles, as well as frozen foods. Valued at $20.34 billion by market cap, the company’s brands include Pringles, Cheez-It, Pop-Tarts, Kellogg’s Rice Krispies Treats, RXBAR, Eggo, MorningStar Farms, Special K, and Coco Pops.
Shares of this leader in global snacking have underperformed the broader market over the past year. K has declined 11.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 25.2%. But in 2024, the gap narrowed, with K stock rising 6.6%, while the SPX is up 10.4% on a YTD basis.
