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Stock impact report

Mock Meat Stocks Worth A Look Following Kellogg’s Planned Breakup? [Forbes]

Kellanova (K) 
Last kellanova earnings: 4/30 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.kelloggs.com
Company Research Source: Forbes
Illustrative image of the Kellogg's logo (Photo by: Newscast/Universal Images Group via Getty... [+]Images)Universal Images Group via Getty ImagesOur theme ofPlant-Based Meat Stocks,Now, demand for plant-based meat products appears to have actually cooled off a bit of late. Per data from NielsenIQ, sales of meat alternatives in the United States rose by just 0.3% in the 52 weeks ended May 28, 2022, compared with the prior year, as the trend of stockpiling through Covid-19 eased. That said we still think that there could be a meaningful long-term upside for the theme. The market opportunity for plant-based meat is sizable, given that the global meat market stands at about $1.4 trillion. The uptake of plant-based meat, which accounts for under 1% of the meat market, could rise, given the growing health and environmental concerns associated with animal proteins.Within our theme,Kellogg stockBeyond Meat stockDespite higher inflation and the Fed raising interest rates, K has seen a rise of Show less Read more
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