Kellanova Co
K: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$11.00 | Yggcm | Wtyhxll |
Kellogg: Placing Shares Under Review Ahead of Business Split
We’re placing Kellogg under review as the firm spins off its North American cereal business, after which it will operate as a pure-play global snacking company under the name Kellanova. Starting Oct. 2, Kellanova will be listed on the New York Stock Exchange under the symbol K, while WK Kellogg will trade under the symbol KLG (both have been listed on a when-issued basis since Sept. 27). We will resume coverage of both share classes upon the commencement of independent trading.