K - Kellogg Company

NYSE - NYSE Delayed Price. Currency in USD
64.15
+0.37 (+0.58%)
At close: 4:01PM EDT

64.15 0.00 (0.00%)
After hours: 4:53PM EDT

Stock chart is not supported by your current browser
Previous Close63.78
Open63.82
Bid63.83 x 800
Ask64.17 x 800
Day's Range63.70 - 64.60
52 Week Range51.34 - 73.95
Volume1,656,596
Avg. Volume2,644,646
Market Cap21.852B
Beta (3Y Monthly)0.77
PE Ratio (TTM)25.73
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.28 (3.57%)
Ex-Dividend Date2019-08-30
1y Target EstN/A
Trade prices are not sourced from all markets
  • Pizza Hut rolls out Stuffed Cheez-It Pizza
    American City Business Journals

    Pizza Hut rolls out Stuffed Cheez-It Pizza

    Pizza Hut has joined forces with Cheez-It to create the latest food mash-up you never knew you needed: The Stuffed Cheez-It Pizza. “We pride ourselves on being the go-to for unexpected pizza innovations, and I can’t think of a more badass partner than Cheez-It to bring our next original menu item to life,” Marianne Radley, Pizza Hut’s chief brand officer, said in the release. “Kellogg’s iconic Cheez-It brand brings a whole new dining experience to Pizza Hut lovers and will not disappoint,” said Wendy Davidson, president of Kellogg’s U.S. Specialty Channels, in the release.

  • Did Changing Sentiment Drive Kellogg's (NYSE:K) Share Price Down By 19%?
    Simply Wall St.

    Did Changing Sentiment Drive Kellogg's (NYSE:K) Share Price Down By 19%?

    While it may not be enough for some shareholders, we think it is good to see the Kellogg Company (NYSE:K) share price...

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    American City Business Journals

    Atlanta medical marijuana startup adds another Patrón exec to C-Suite, signals European expansion

    Atlanta's fast-growing medical marijuana startup continues to build out its executive team, adding another former Patrón leader to its C-Suite and also hiring a Coca-Cola alum to expand its international footprint. Surterra Wellness said Monday it named Lee Applbaum as the company's new chief marketing officer, following his stint at Bacardi Global Brands Limited, where he was global CMO for Patrón Tequila and Grey Goose Vodka.

  • InvestorPlace

    7 Stocks to Buy to Ride the Vegan Wave

    [Editor's note: This article was originally published in August 2018. It has been revised to reflect current market trends.] The IPO success of Beyond Meat (NASDAQ:BYND) has me revisiting the world of plant-based foods and exploring how investors can take advantage of the move to meatless alternatives. Today, the global plant-based meat market is estimated to be $12.1 billion. It's expected to grow to $27.9 billion by 2025, a compound annual growth rate of 15%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile many companies have focused on vegetarian and vegan markets in the past, it's clear that most food companies are now going after the "flexitarian" consumer: the person who still eats meat, but is opting for meatless alternatives regularly. Today, 32% of Americans identify themselves as flexitarian.As a result of this change in consumer tastes, companies have invested a total of $16 billion in plant-based meat, egg and dairy products. The "vegan wave" is now the flexitarian wave. * 7 Discount Retail Stocks to Buy for a Recession Regardless of what you want to call it, these seven companies are taking advantage of the move to meatless alternatives. And some of these stocks to buy might even make you a lot of money in the long run. Beyond Meat (BYND)Source: calimedia / Shutterstock.com By now, the Beyond Meat story is known by most investors, so I'll keep the IPO details to a minimum.The California plant-based food company went public on May 1 at $25 a share, selling 9.6 million of its stock for net proceeds of $219 million, not including the underwriters' over-allotment. The company's shareholders didn't sell any of their shares in the IPO. However, on Aug. 2, it did file a final prospectus that will see Beyond Meat sell 250,000 shares to the public along with some of its pre-IPO shareholders, selling 3 million shares of BYND stock. The company wisely waived the 180-day lock-up period for its main investors so that they can cash out a portion of their shares while they're up almost six-fold. A fundamental capital allocation principle is to sell your stock when it is expensive and repurchase it when it's cheap. While Beyond Meat's Q2 2019 net loss was $9.4 million, it did generate an operating profit of $2.2 million in the second quarter, a considerable improvement from the $7.3 million loss a year ago. Oh, and it's hard to forget revenues increased by 267% in the quarter to $67.3 million. As someone who buys their burgers quite frequently, it's not hard to see why. Tyson Foods (TSN)Source: Daniel J. Macy / Shutterstock.com A lot has happened since I last wrote about Tyson Foods (NYSE:TSN) and its foray into meatless alternatives. Some of it good, some of it bad. In 2016, Tyson made a 5% investment in Beyond Meat, the company behind the burger that has taken Canada and the U.S. by storm. It upped its stake at the end of 2017 as part of a $55 million investment round by the California-based company."We got attacked when we signed a deal with Tyson. People said I personally have blood on my hands," said Beyond Meat CEO Ethan Brown at the time. "Tyson took a big risk, too. I mean Hayes didn't get any love letters when he backed us. But I'd much rather try to get things done than throw stones, and the people at Tyson know how to move the needle."Unfortunately for Tyson shareholders, the company didn't make it to the ball, selling its shares in April for an undisclosed amount, after Tyson CEO Noel White decided the company would create its own plant-based protein line. Tyson's brand is called Raised & Rooted. It will compete with Beyond Meat. However, while its chicken nugget product will be meatless, its burger will contain Angus beef as well as pea protein isolate. According to TSN's chief marketing officer, "While most Americans still choose meat as their primary source of protein, interest in plant and blended proteins is growing significantly". * 10 Battered Tech Stocks to Buy Now The fact is, 70% of the people who eat Beyond Meat burgers are meat-eaters. Sustainable foods are the wave of the future. Kellogg (K)Source: DenisMArt / Shutterstock.com When most people think of Kellogg (NYSE:K), the first thing that likely comes to mind is cereal: Special K, Frosted Flakes, Mini-Wheats, etc. However, it has owned a vegetarian food brand called MorningStar Farms since acquiring the business in 1999. The company sells over 90 million pounds of faux meat (burgers, chicken, sausage, etc.) every year, with a third from fake burgers and the remaining two-thirds from its other products. Estimates suggest that MorningStar generates $450 million in annual revenue, about double the amount Beyond Meat sells in a year. Beyond Meat is valued at 64 times sales. If MorningStar Farms were given the same valuation, it would be worth $29 billion to Kellogg, about 50% more than the company's current market cap. It is clear that Kellogg is aware of MorningStar Farm's potential"When we [Kellogg] have spoken to people, we've seen that the desire to eat plant-based alternatives has increased in the last four years by 45%, and 53% of the Canadians we speak to are already eating meat alternatives," Kellogg Canada's VP of Marketing Christine Jakovcic recently stated. The big question is whether its management is smart enough to take advantage of the popularity of meatless products. Amazon (AMZN)Source: Shutterstock It has been a whirlwind 23 months since Amazon (NASDAQ:AMZN) stunned the world buying Whole Foods for $13.7 billion.Prognosticators of all types came out of the woodwork predicting the many changes Jeff Bezos would implement at the healthy foods grocery-store chain.One of the more sensible changes is expanding Whole Foods' delivery network. Whole Foods now provides two-hour delivery in 90 cities across the U.S.Not surprisingly, the predicted drop in prices at Whole Foods, has yet to materialize."While deeper promotional pricing on key items, incremental savings … and increased convenience for Prime Members in the first year under Amazon ownership have caught our eye as consumers, the reality is that Whole Foods pricing on a broad basket has remained largely unchanged," stated a report from Gordon Haskett Research Advisors.According to the report, $400 spent on a basket of food at Whole Foods in October 2017, now costs $398.50, producing a whopping $1.50 in savings. * 7 Stocks to Buy In a Flat Market If you're an Amazon investor, this is excellent news because the money to pay for a $15 minimum wage has to come from somewhere. Con Agra (CAG)Source: Shutterstock In my previous article about the move to plant-based foods, I discussed Hain Celestial (NASDAQ:HAIN), one of the earliest adopters of meatless and vegan alternatives. One of its companies is Yves Veggie Cuisine, founded by Canadian food entrepreneur Yves Potvin in 1985. Potvin used $5,000 of his own money, $10,000 from family and $25,000 in small-business loans to get it up-and-running. Potvin sold Yves to Hain in 2001.Potvin's next move was to create Gardein in 2003, a maker of meatless alternatives, including veggie burgers and chicken sliders, the founder's favorite Gardein product. Potvin sold Gardein in 2014 to Pinnacle Foods, now a subsidiary of ConAgra Brands (NYSE:CAG), for $154 million. ConAgra likely acquired Pinnacle Foods, in part, to take advantage of the flexitarian movement."That means the opportunity here could be in the range of $30 billion just in the U.S.," CEO Sean Connolly said recently. "And you know, there's even more opportunity internationally."If you are a CAG shareholder, Gardein is a big reason to hang on to your stock. Restaurant Brands International (QSR)Source: Shutterstock While most investors in the U.S. are familiar with Restaurant Brands International (NYSE:QSR) because of its Burger King restaurants, up here in Canada, where I live, Tim Hortons is an iconic name that RBI is trying to grow with Canadians and coffee lovers in other parts of the world, including the U.S.To compete with other fast-casual names, Tim Hortons has introduced and continues to test plant-based alternatives. In the past month, Tim Hortons has launched a Beyond Meat burger in Canada, Beyond Meat vegetarian sausage patties, and is experimenting with plant-based eggs. Early indications suggest the plant-based eggs, which are made by San Francisco food company Just, are getting rave reviews. According to a Just spokesperson, "Canada is one of the most requested markets for JUST and we're excited to be able to offer our product at select Tim Hortons locations for this market test." * 7 Deeply Discounted Energy Stocks to Buy I haven't been a fan of QSR stock -- it has a lot of debt -- but if it continues to innovate in this growing area of the restaurant and food industries, I might just have to change my tune. Impossible FoodsSource: Shutterstock In the previous slide, I discussed some of the initiatives Restaurant Brands International were doing for its Tim Hortons brand in Canada. I mentioned that the company also owns Burger King. Well, Burger King announced Aug. 1 that it is testing the Impossible Whopper, a plant-based version of its top-selling burger, for one month across all 7,200 stores in the U.S.Impossible Foods make the Impossible Whopper, the same people behind the plant-based burger that's available at all Wahlburger locations across the U.S. Burger King first tested the Impossible Whopper in 59 stores in the St. Louis area. The stores that sold this burger saw foot traffic increase by a whopping 18.5%. However, because the burger contains soy leghemoglobin, it isn't considered to be vegan.In May, Impossible Foods raised $300 million to bring its total funds raised to $750 million since its inception in 2011. Although the company is expected to go public at some point in 2020, it's not in a rush to do an IPO. Like Beyond Meat, it has a who's who list of investors, including Serena Williams, Bill Gates, Jay-Z and many others. The latest fundraise valued Impossible Foods at $2 billion. At the time of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post 7 Stocks to Buy to Ride the Vegan Wave appeared first on InvestorPlace.

  • The Zacks Analyst Blog Highlights: Coca-Cola, Kellogg, Alphabet and McDonald's
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  • Beyond Meat vs Kellogg vs Restaurant Brands: Which is the Better Buy?
    TipRanks

    Beyond Meat vs Kellogg vs Restaurant Brands: Which is the Better Buy?

    Investors might be wondering what Beyond Meat (BYND), Kellogg (K) and Restaurant Brands International (QSR) all have in common. The answer is that each wants to control the plant-based meat segment of the market.With Barclays predicting that plant-based product sales will reach $140 billion in the next decade, it’s no wonder food companies are expanding their product offerings to include meatless alternatives.  Bearing this in mind, we used the TipRanks Stock Comparison tool to see which stock serves up the most compelling investment opportunity. Let’s get started. Beyond Meat Inc. (BYND)It’s no question that Beyond Meat has disrupted the vegan food market. The first plant-based meat producer has skyrocketed 136% since its May 2 IPO. BYND already boasts Dunkin (DNKN) and Kentucky Fried Chicken (YUM) as partners, with its products also appearing in many grocery stores. That being said, analysts aren’t convinced that BYND has what it takes to outperform in the long-run.The fact is, plant-based meat isn’t a patented technology, with several companies following BYND’s lead by adding their own vegan meat options. Kroger (KR) announced on September 5 that it was launching plant-based deli meats and sausages under its Simple Truth brand. One analyst argues that its fast-growing retail presence, attractive placement and favorable media impressions won’t be enough to shield BYND from the competition. D.A. Davidson’s Brian Holland states that its larger competitors have the resources and pricing power that BYND just doesn’t have. It doesn’t help that BYND has a valuation problem. “We estimated EV/Sales on fiscal 2024 estimates of $1.2089 billion and discounted back. This multiple is already a 50% premium to Beyond Meat's Growth Staples peers and compares to the stock's current multiple of 29.5 times NTM revenue,” Holland noted. Based on all of the above factors, the analyst initiated coverage with a Sell and set a $130 price target on September 5. He thinks that share prices could drop 16% in the next twelve months. All in all, Wall Street analysts deem BYND a ‘Hold’. Its $124 average price target indicates 20% downside potential. Kellogg (K)Kellogg is one of the many companies trying to take market share from BYND. The company announced on September 4 that it is launching its plant-based meat, Incogmeato, in early 2020. These burgers will be released under the MorningStar brand and are different from its existing veggie burgers as they are fully plant-based. K will also start selling plant-based chicken nuggets and tenders.In addition to its foray into the plant-based food space, Kellogg has pivoted away from its legacy cereal-first approach with it shifting focus towards the snack segment of its business. In January, the company started selling Cheez-It Snap’d as well as launched Pop-Tart Bites and Rice Krispie Treat Poppers in 2018. Not to mention the company already added protein bars to the product lineup with its $600 million acquisition of RXBAR in 2017.While some analysts think K's upside has already been factored into the share price, Goldman Sachs analyst Jason English argues that these positive developments could drive a profit margin improvement as well as stronger organic sales. “A number of changes have occurred at the company in recent years that we believe will sustain a faster growth trend at K than the company has been able to historically achieve; primarily a strategic pivot to snacks (vs. its legacy cereal-first approach) and completed M&A (albeit at lofty valuations) which has bolstered its EM exposure,” he explained. As a result, he upgraded the stock from a Hold to a Buy while raising the price target from $58 to $72 on September 6. The new price target demonstrates his confidence that shares could surge 12% over the next twelve months. Wall Street isn’t as bullish on Kellogg. 4 Buy ratings versus 7 Holds and 2 Sells assigned over the last three months add up to a ‘Hold’ analyst consensus. Its $65 average price target suggests 2% upside potential. While this upside is minor, K still boasts better growth prospects than BYND.      Restaurant Brands International (QSR)The last stock on our list is known as the force behind Burger King, Tim Hortons and Popeyes, with it also hoping to ride the vegan wave.In the beginning of August, Burger King launched its plant-based burger at over 7,000 U.S. locations. The Impossible Whopper is the product of its partnership with Impossible Foods, a top Beyond Meat rival. According to Cowen & Co. analyst Andrew Charles, the Impossible Whopper could drive 6% same-store sales growth in the third quarter at Burger Kings located throughout the U.S. The plant-based burger is convincing consumers to spend more as orders with the Impossible Whopper cost $10 or higher, compared to Burger King's average check of $7.36 in 2018. “While data is limited, our check suggests Impossible Whopper is attracting new and lapsed users to the brand that skew younger and affluent, as well as driving high rates of repeat orders," Charles added. Investors have more reason to be excited about QSR thanks to its new Popeye’s chicken sandwich launch. After its widely successful August 12 launch left several locations sold out, management stated it blew through the inventory of chicken filets a month ahead of schedule thanks to intense social media buzz. All of this played into Charles’ conclusion that QSR is poised to soar. As a result, the five-star analyst reiterated his Buy rating and $85 price target on August 29. He believes shares could gain 13% over the next twelve months.Wall Street appears to mirror the analyst’s sentiment. QSR boasts a ‘Strong Buy’ analyst consensus and an $82 average price target, implying 8% upside potential.   The Bottom LineThe results are in and according to Wall Street analysts, QSR is the top pick. While the Stock Comparison tool shows that BYND's gain was the largest, QSR is the long-term winner as it comes out on top in terms of both analyst consensus as well as upside potential. Find Wall Street’s most loved stocks with the Top Analysts’ Stocks tool

  • US Stocks Gain on Friday
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    US Stocks Gain on Friday

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  • Barrons.com

    Kellogg Gets a Pop as Goldman Sachs Upgrades the Stock

    The company is perhaps best known for cereal brands such as Frosted Flakes and Rice Krispies, but Kellogg has made “a strategic pivot to snacks” versus “its legacy cereal-first approach,” observes the Goldman note, written by Jason English, Vivek Srivastava, Cody Ross, and Ankit Prasad. An example is Kellogg’s 2016 acquisition of Parati Group, a Brazilian food group whose products include biscuits. In 2019, 36% of the company’s sales have come from cereal, compared with 50% in 2010, according to Goldman.

  • MarketWatch

    Kellogg is the 'most compelling value left in snacks,' Goldman Sachs says in upgrade

    Goldman Sachs analyst Jason English upgraded Kellogg Co. shares to buy from neutral late on Thursday, writing that he expects margin improvement and an acceleration in organic sales from the maker of cereals and snacks. The stock represents the "most compelling value left in snacks," in English's view, as the company shifts its main focus toward snack foods and away from cereal. The company has "invested behind faster-growing single serve snacks which resonate with consumer mega trends of portion control," English wrote. He raised his price target to $72 from $58. Kellogg shares are up 2% in Friday morning trading, and they've risen 12.5% on the year as the S&P 500 has gained 19%.

  • TheStreet.com

    Kellogg Rises as Goldman Sachs Upgrades Shares to Buy

    Kellogg was rising more than 2.4% to $64.36 Friday after analysts at Goldman Sachs upgraded shares of the cereal maker to buy from neutral. Goldman Sachs also raised the price target on the stock to $72 from $58, which represents a potential 15% upside over the stock's closing price Thursday of $62.84. Goldman's price target also is ahead of consensus sell-side price targets of $64.14.

  • Kellogg and Hormel Foods Chase Beyond Meat’s Success
    Market Realist

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    Looking to replicate Beyond Meat’s astounding growth, Kellogg (K) introduced “Incogmeato” on Wednesday, which is a plant-based meat alternative.

  • Motley Fool

    Kellogg Goes After Beyond Meat

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  • Benzinga

    What To Know About Kellogg's 'Incogmeato'

    Kellogg's MorningStar Farms division announced Wednesday the addition of a new line of products: Incogmeato. The new products differ from MorningStar's veggie burgers, as they are fully plant-based and can be found in both the refrigerated or frozen meat sections at grocery stores.

  • Bloomberg

    Kellogg Plans Bleeding Burger as It Catches Up on Faux Meat

    (Bloomberg) -- Watch out Impossible: Kellogg Co. is planning its own plant-based imitation meat.Early next year, Kellogg’s Morningstar Farms will begin selling the “Incogmeato” burger: a plant-based, refrigerated patty made with non-GMO soy that is designed to mimic meat’s look and flavor. It will also start offering new versions of its vegetarian “Chik’n tenders” and “Chik’n nuggets” that the company bills as an improvement over its current chicken-substitute products.Kellogg Chief Executive Officer Steve Cahillane said the burgers will “sear wonderfully” and “bleed on the grill” -- qualities that have helped vault patties from Impossible Foods Inc. and Beyond Meat Inc. into the consumer spotlight. The company plans to place its plant-based burger in the meat case in grocery stores alongside real meat.Kellogg has for years offered frozen veggie burgers, but patties made with ingredients like black beans and mushrooms were never intended to taste like meat, and its more meat-like Grillers look outdated compared with the newcomers. It’s now playing catch up as Impossible Foods and Beyond Meat latch on to “flexitarian” consumers that are reducing their beef consumption by eating meat-like replacements.The demand for meat substitutes has boomed as consumers see the products as healthier and more environmentally friendly than beef, with Barclays predicting the global market will reach $140 billion globally in the next 10 years.Kellogg is still the No. 1 seller of veggie burgers, according to data from Euromonitor, but its market share has slipped significantly, falling to 16.9% last year from 33.3% in 2013, even as its sales have rebounded in the last few years.“We think of ourselves as the original plant-based food company,” Cahillane said, while acknowledging the company has lost market share.Kellogg is seeking to offset declines in cereal sales with gains in snacks and frozen foods. Its shares have gained about 12% this year through Tuesday’s close, below the advance of the S&P 500 Index. Kellogg shares were little changed at $63.64 at 12:56 p.m. in New York.“We got back on our game the last couple of years,” Cahillane said. “Our goal over the long term would be to maintain leadership and ultimately gain share.”The greater offering of meat imitation products benefits consumers, said Michele Simon, executive director of the Plant Based Foods Association.“Having more companies that offer great-tasting plant-based meat options is a win for the consumer and the planet,” she told Bloomberg in an email. “It’s also a sign that retailers will have to make more room on the shelf.”Beyond Meat, for its part, welcomes the added competition.“It’s a good sign for the category, we are all collectively growing,” said Seth Goldman, executive chairman of Beyond Meat, when asked about new alternative meat products during a recent interview at Georgetown University’s Business for Impact, part of the McDonough School of Business.Beyond Meat’s success will not be easily replicated, he added.“I ask people to consider all the innovation work to get where we are,” he said. “Those bigger companies have bigger R&D budgets but they don’t have the level of focus.”(Updates share trading and adds comments from chamber official and Beyond Meat chairman.)To contact the reporter on this story: Deena Shanker in New York at dshanker@bloomberg.netTo contact the editors responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Crayton HarrisonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Will a Robust Top Line Help Kellogg (K) Fight Cost Woes?
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  • Overwatch League inks multiyear marketing deal with Kellogg
    American City Business Journals

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  • 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond
    InvestorPlace

    10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond

    [Editor's note: "10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond" was previously published in July 2019. It has since been updated to include the most relevant information available.]It's not terribly easy out there for income investors at the moment. Dividend stocks to buy are tough to find. Equity markets are near all-time highs, meaning valuations are stretched -- and dividend yields are lower. Treasury yields have fallen amid expectations for a Fed rate cut: getting income from bonds is no easy task, either.Many longtime dividend growth stalwarts -- think McDonald's (NYSE:MCD) or Procter & Gamble (NYSE:PG) -- trade at or near all time highs. Those that aren't seem to be struggling, with the likes of General Electric (NYSE:GE), Kraft Heinz (NASDAQ:KHC), and Anheuser-Busch (NYSE:BUD) all cutting their dividends in recent years. Finding the middle ground -- an attractive valuation combined with a solid business -- is exceedingly difficult right now.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGiven lower commissions, investors can sell off small parts of their holdings for income -- most of which should have appreciated nicely in this decade-long bull market. But income investors usually are looking for "set it and forget it" dividend stocks to buy, not constant portfolio trading. * 7 Tech Industry Dividend Stocks for Growth and Income These 10 stocks don't quite qualify as "set it and forget it" plays. All have some degree of risk. But the risks seem worth taking for the potential rewards, which include near-term income, longer-term growth, and potential capital appreciation. As such, investors should take at least a long look at these 10 dividend plays. Broadcom (AVGO)Dividend Yield: 3.85%Broadcom (NASDAQ:AVGO) requires quite a bit of trust in management. The semiconductor giant has been built through acquisitions. As of late, AVGO has started moving away from chips and into software.Last year, the company acquired CA Technologies, an enterprise software play with a big presence in mainframe applications. Broadcom has bought security play Symantec (NASDAQ:SYMC).Investors haven't particularly liked either deal. AVGO stock fell on the news of the CA deal. It slipped again as reports of the Symantec acquisition leaked. But CEO Hock Tan certainly deserves the benefit of the doubt at this point. And the decline after the CA announcement, in particular, proved a buying opportunity: before the recent pullback, AVGO shares had risen some 50% in roughly a year.AVGO may not provide that type of return over the next year -- but there's still a nice bull case here on another merger-related dip. AVGO yields 3.85%. The Symantec deal will add to the company's significant free cash flow, which keeps that yield secure. Diversification in the existing chip business limits the cyclical impact on earnings -- and AVGO shares. Investors do have to trust Hock Tan at this point -- but history shows they probably should. Kellogg (K)Dividend Yield: 3.7%On its face, Kellogg (NYSE:K) seems like a safe value play for income investors. Shares of the iconic American company trade for just 15x 2020 EPS estimates. Kellogg's dividend yields just under 4%. K historically has been a defensive stock, providing protection if the broader economy stumbles.But K stock is actually dangerous at this point. It's one of many consumer stocks struggling to adapt to a new reality, as I detailed last year. Grocers like Kroger (NYSE:KR) are looking to private-label and own brands to protect their thin margins. Cereal demand is falling. As a result, Kellogg's earnings are heading in the wrong direction.Revenue is guided to increase just 1%-2% this year excluding the impact of currency and the company's divestiture of several smaller brands. Adjusted operating income, on the same basis, is expected to be roughly flat. Guidance suggests overall non-GAAP earnings per share will decline more than 10% year-over-year.In other words, Kellogg isn't a defensive stock at this point. It's a turnaround play. And like with KHC and BUD, that creates downside risk if the turnaround stumbles.For investors who understand the risks, however, K stock is intriguing. As Barron's detailed last month, the company's Morningstar Farms business seems notably undervalued. It's larger by revenue than Beyond Meat (NASDAQ:BYND), which has soared to a $10 billion market cap. Kellogg is valued at just $21 billion; a sale or IPO of Morningstar could unlock significant value. * 7 Tech Industry Dividend Stocks for Growth and Income Again, this is not the traditional, low-risk, dividend stock it used to be. But if Kellogg can jumpstart growth and monetize Morningstar, K stock could have enormous upside ahead. Gap (GPS)Dividend Yield: 6.2%The case for Gap (NYSE:GPS), particularly with the stock near a seven-year low, is that investors are missing the real story here. As I wrote back in November, Gap stock isn't about its Gap brand; it's about Old Navy, which likely generates somewhere in the range of three-quarters of operating profit.With Gap planning to spin off Old Navy later this year, that value might be unlocked. In the meantime, GPS stock yields 6.2%, a figure that might rise after the split.There are risks here, to be sure. Luke Lango called GPS stock one of the six worst in the S&P 500 in the first half -- and he's not wrong. GPS shares have plunged.Old Navy's sales performance recently has not been particularly impressive. Sales for the Gap brand continue to decline. In fact, analysts asked repeatedly on the Q1 conference call if the spin-off would still move forward: there's a risk that Gap and Banana Republic might not be enough to support a standalone company, even with growth from athleisure concept Athleta.Even a weaker-than-expected Old Navy still likely supports the entire valuation of GPS stock at the moment. The balance sheet is in good shape, and free cash flow continues to be impressive. Income investors can get yield now -- and if all goes well, by next year own growth at Old Navy and income from the company's other brands. SL Green (SLG)Dividend Yield: 4.4%REITs (real estate investment trusts) like SL Green (NYSE:SLG) long have been income investors favorites. REITs allow for diversified exposure to real estate. They offer tax benefits as well: as long as they pay out 90% of taxable income, they pay no tax at the corporate level.In an environment where 10-year Treasury bonds are yielding less than 1.5%, however, investors looking for dividend stocks to buy have the same difficulty in REITs as in the rest of the market. High-yield REITs generally have some flaws; most notably, even the best retail REITs like Simon Property Group (NYSE:SPG) and Macerich (NYSE:MAC) have struggled amid long-term concerns about demand. The more attractive plays, meanwhile, have been bid up as investors look for lower-risk yield.SL Green might be a nice middle ground. The stock has struggled for years now; in fact, it touched a five-year low late last year. Worries about the health of New York City real estate seem to be the culprit. Weakness in the company's suburban assets hasn't helped, either. * 7 Tech Industry Dividend Stocks for Growth and Income But SL Green largely has exited the suburban business, refocusing on Manhattan. The dividend continues to rise. And longer-term, NYC still seems an attractive real estate market. With a 4.4% dividend, SLG provides attractive income. At 12x FFO (funds from operations, a typical REIT metric), it could provide upside as well if sentiment toward Manhattan real estate improves. Avista (AVA)Dividend Yield: 3.3%Utility stocks like Avista (NYSE:AVA) are another common area of focus for income investors. And like REITs, valuation is a question mark: AVA has risen 12% in three months, a big move for a utility.But AVA looks like one of the more attractive picks in the industry at the moment. The stock plunged late last year after a potential acquisition by Canada's Hydro One (OTCMKTS:HRNNF) was called off. Slowly but surely, however, dip-buyers have entered -- and there could be more buying ahead.Avista provides a solid 3.3% dividend yield. Its markets in Washington State, Idaho, and Montana are seeing strong population growth. Valuation is reasonable, and AVA still sits back at 2016 levels.It's likely the Hydro One deal -- announced in 2017 -- led to some dislocation among Hydro One's investor base. If that's the case, there's an opportunity for AVA to catch up to the rest of its sector as income investors return to the story. International Game Technology (IGT)Dividend Yield: 6.8%The risks facing International Game Technology (NYSE:IGT) are almost self-evident. Gaming stocks traditionally struggle in recessions. Suppliers like IGT generally aren't hit quite as hard, and the company's lottery business should provide support if the economy turns. But there is a decent amount of cyclical risk here.A good chunk of the company's profit comes from Italy, where economic growth has been stagnant and political risk seems high. The U.S. slot business has lost market share to smaller operators like Aristocrat Leisure (OTCMKTS:ARLUF) and PlayAGS (NYSE:AGS). On top of all that, IGT has nearly $8.5 billion in debt. The 6% yield here is attractive -- but on its own not reason enough to buy IGT stock.That said, there are reasons to buy, and in fact I personally own IGT shares. Free cash flow should ramp in the next two years, as the company moves past upfront payments required to maintain its concessions in Italy. The lottery business throws off cash as well. Debt should come down, and the U.S. slot business is showing signs of improvement. * 7 Tech Industry Dividend Stocks for Growth and Income The rewards here are enormous as well. As I wrote last month, Wall Street sees huge upside for IGT. The average target price near $21 is 56% higher than IGT's current price. If IGT can get the U.S. business back on track and use the cash flow from Italy to pay down debt, its stock could have a big move ahead. State Street (STT)Dividend Yield: 3.8%State Street (NYSE:STT) is a clear "value trap or value play?" argument at the moment. For the last year, investors have made their thoughts clear: STT stock has dropped by roughly 45%.And State Street is fighting headwinds. The company rolled out the first ETF -- the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) -- but has since been passed by Vanguard and BlackRock (NYSE:BLK) in that key business. The same shift to passive investing driving ETF growth has pressured the company's asset management business. In Q1, fee revenue declined 4% year-over-year; earnings per share declined 27%.Cost-cutting simply hasn't done quite enough to protect margins, leading to the recent pressure on STT stock. But at this point, there's a question as to whether the sell-off simply has gone too far. STT stock is quite cheap, at a price-earnings ratio of nine.Meanwhile, a recent dividend hike moves the yield near 4%, and STT will repurchase $2 billion worth of stock as well. State Street has to find a way to manage pressure on its custody and management businesses -- but if it can, there's potential for a big reversal in STT stock. CVS Health (CVS)Dividend Yield: 3.4%Source: Shutterstock CVS Health (NYSE:CVS) has had a rough go of it in recent years. In March, CVS stock touched its lowest level in almost six years, and it has re-tested those lows several times since. The acquisition of Aetna is under review even after it closed. Lower reimbursement rates and reduced savings on generic drugs are pressuring the entire pharmacy sector: rivals Walgreens (NASDAQ:WBA) and Rite Aid (NYSE:RAD) are struggling as well.But as I wrote previously, at least some extent all of those headwinds seem priced in. CVS stock trades at historically low multiples. There are still benefits to come from the company's efforts to change healthcare, and the integration of Aetna with its existing pharmacy business. * 7 Tech Industry Dividend Stocks for Growth and Income The headwinds are real, and the selloff in CVS stock does make some sense. But this remains an attractive business that is now priced for steady declines going forward. It will take little in the way of an upside surprise for CVS to outperform expectations -- and for CVS stock to claw back at least some of its recent losses. BP (BP)Dividend Yield: 6.7%For BP (NYSE:BP), the case is reasonably simple. BP is the integrated energy company with the best dividend yield, which currently nears 7%. With liabilities relating to the Deepwater Horizon tragedy finally behind the company, cash flow and earnings will improve as BP gets back to "normal."That's a case I've made for some eighteen months now -- and it still holds. Oil price movements might seem a risk -- but BP's downstream businesses benefit from lower crude prices, which mitigates that effect somewhat. In this market, BP stock might even be considered among the safer plays out there, as counterintuitive as that sounds. For a nearly 7% yield the modest risks here seem worth taking. Bristol-Myers Squibb (BMY)Dividend Yield: 3.4%Pharmaceutical companies, too, used to be a safe haven for income investors. They generally offered dividend yields of at least 2% -- and protection from market and economic downturns. That's no longer the case, however -- which highlights the potential risk in Bristol-Myers Squibb (NYSE:BMY).U.S. companies, in particular, have struggled to find blockbusters. As a result, patent expirations on key product lead companies to search for growth however it can be found. For Bristol-Myers Squibb, products like Orencia (which treats rheumatoid arthritis) and blood thinner Eliquis are losing their protection shortly. And so the company went and acquired biotechnology major Celgene (NASDAQ:CELG).Unfortunately for BMY stock, investors hated the deal. BMY shares dropped in its wake. They liked it less when Bristol-Myers announced last month that it would divest psoriasis treatment Otezla as required by regulators. BMY once again threatened a six-year low.But at this point, BMY is starting to look attractive. Even if the company overpaid for Celgene, to some extent that's baked into the stock price. The dividend yield now sits at 3.6% -- and could rise once the acquisition is completed. A 10x forward P/E multiple will come down as well.Pharma stocks are riskier than they used to be -- especially for those using debt to drive growth. Mallinckrodt (NYSE:MNK) is a good example of how pharmaceutical M&A can go terribly wrong. But Bristol-Myers Squibb's diversified base and long history suggest the downside shouldn't be that steep. And as Celgene comes on board and growth returns, investors might again start focusing on the potential rewards.As of this writing, Vince Martin is long shares of Gap Inc. and International Game Technology. He has no positions in any other securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street The post 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond appeared first on InvestorPlace.

  • Why You Should Leave Kellogg Company (NYSE:K)'s Upcoming Dividend On The Shelf
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    Why You Should Leave Kellogg Company (NYSE:K)'s Upcoming Dividend On The Shelf

    Kellogg Company (NYSE:K) is about to trade ex-dividend in the next 4 days. You can purchase shares before the 30th of...