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Captrust Financial Advisors increased its stake in WK Kellogg by 12.5%, now owning 1,705,509 shares valued at $30.68 million. The company, which produces popular cereal brands, has a strong sell rating from analysts, with a consensus price target of $17.89. Institutional investors hold 95.74% of the stock.
Morgan Stanley has initiated coverage on WK Kellogg with an Underweight rating and a price target of $18.00, citing concerns over earnings visibility due to weak market trends and share losses. Despite a recent earnings beat, the company faces liquidity issues and a challenging market landscape, prompting Jefferies to raise its price target to $17.00 while maintaining a Hold rating. Kellogg projects a slight decline in organic sales for 2025 but remains optimistic about market share gains through upcoming innovations.
Major U.S. food companies, including Coca-Cola and General Mills, face a lawsuit alleging they have created addictive "ultra-processed" foods that contribute to chronic illnesses in children. The plaintiff, Brass Martinez, claims these companies knowingly designed harmful products, seeking compensatory and punitive damages for their actions. The case highlights growing concerns over the health impacts of highly processed foods and the industry's responsibility in addressing these issues.
Processed food stocks plummeted as investors reacted to President-elect Trump’s nomination of Robert F. Kennedy Jr. for Health and Human Services Secretary, raising concerns over increased scrutiny of major food brands. PepsiCo, Coca-Cola, General Mills, and others saw significant declines, with Kennedy's focus on reforming the FDA and his criticism of current regulations fueling fears of tighter oversight on popular snack and beverage products.
WK Kellogg Co
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captrust financial advisors increases stake in wk kellogg amid analyst downgrades
13:12 25.03.2025
Morgan Stanley assigns underweight rating to Kellogg with $18 price target
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food companies face lawsuit over alleged addiction and health risks to children
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