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WK Kellogg Co shares reached a new 52-week high, trading at 23.46 USD, with a market capitalization of $2 billion. According to InvestingPro analysis, the stock appears overvalued, trading at a P/E ratio of 24.2x. This milestone reflects a significant upward trajectory, as the stock has experienced a 41.57% increase over the past year, with an impressive 48.17% gain in the past six months alone. The surge in Kellogg’s stock price highlights investor confidence in the company’s performance and growth prospects. This 52-week high marks a pivotal moment for Kellogg, underscoring its strong market presence and strategic initiatives that have resonated well with investors. InvestingPro subscribers have access to 10 additional technical and fundamental insights about WK Kellogg, including detailed momentum indicators and valuation metrics.
In other recent news, WK Kellogg has entered into a definitive agreement to be acquired by Ferrero for $23 per share in cash, valuing the transaction at $3.1 billion. This acquisition, which includes iconic cereal brands like Frosted Flakes and Froot Loops, is expected to close in the second half of 2025, pending regulatory approvals. The deal represents a 40% premium to WK Kellogg’s 30-day volume-weighted average price. Analysts from TD Cowen upgraded WK Kellogg’s stock rating from Sell to Hold, aligning their price target with the acquisition offer at $23. Stifel also raised its price target for WK Kellogg to $23, maintaining a Hold rating, and noted that the deal should generate strong free cash flow for Ferrero. Meanwhile, Evercore ISI adjusted its outlook on WK Kellogg, lowering the price target from $20 to $19, citing current sales challenges and increased promotional spending. Despite these challenges, Evercore ISI sees productivity potential for 2026 with a significant reduction in the labor force. WK Kellogg’s preliminary second quarter 2025 results indicate expected net sales between $610 million and $615 million and adjusted EBITDA between $43 million and $48 million. These developments highlight a period of transition and strategic realignment for WK Kellogg.
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