K - Kellanova: Solid Entry Point For Yield And Returns
2024-04-03 12:25:53 ET
Summary
- Kellanova is a durable dividend-paying stock in the consumer staples segment, making it a good choice for investors seeking shelter from market volatility.
- The company is seeing strong organic net sales growth due to its retention of faster-growing brands post the WK Kellogg spin-off.
- Kellanova has the potential for margin expansion and aims to achieve a 15% operating margin by 2026. It's attractive at present for its yield and valuation.
The market has gotten off to a bad start thus far in April, and in uncertain times for growth stocks, investors may want to seek shelter in durable dividend-paying stocks such as those in the value consumer staples segment....
Kellanova: Solid Entry Point For Yield And Returns