|Bid||70.89 x 1000|
|Ask||70.90 x 900|
|Day's range||69.88 - 71.10|
|52-week range||59.54 - 75.56|
|Beta (5Y monthly)||0.48|
|PE ratio (TTM)||15.80|
|Earnings date||04 Aug 2022|
|Forward dividend & yield||2.32 (3.42%)|
|Ex-dividend date||31 May 2022|
|1y target est||72.70|
Kellogg CEO Steve Cahillane shares his thinking on what will happen to the company's iconic name after the business is split up.
Kellogg just announced plans to break into three separate businesses. Here's why investors should like it and why you might want to worry, too.
Investors have gravitated to companies that have announced major stock splits, and some of the largest tech giants in the world have gotten in on the action. Most of the time, stock splits don't have any fundamental impact on a business. Rather than just taking the existing shares and breaking them into smaller parts, this food giant instead decided to split up its company into separate businesses.