|Bid||70.68 x 1400|
|Ask||70.85 x 1100|
|Day's Range||69.02 - 70.90|
|52 Week Range||59.54 - 75.56|
|Beta (5Y Monthly)||0.48|
|PE Ratio (TTM)||15.75|
|Earnings Date||Aug 04, 2022|
|Forward Dividend & Yield||2.32 (3.42%)|
|Ex-Dividend Date||May 31, 2022|
|1y Target Est||72.70|
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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.
The cereal and snack maker’s shares have lagged behind competitors such as PepsiCo and Mondelez. But it could take two years for investors to see any payoff from the company’s plan to split into three firms.
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.