Kellogg (K) hasn't been participating in the recent market
euphoria, for the simple reason that it's a cash cow/bond substitute and
interest rates seem likely to rise further. At current prices in the $61 area,
looking out five years, a combination of dividends and capital appreciation
totaling 9% annually comes into view.
At Kellogg Company, we are driven to enrich and delight the
world through foods and brands that matter. With 2012 sales of $14.2 billion,
Kellogg is the world's leading cereal company; second largest producer of
cookies and crackers; a leading producer of savory snacks; and a leading North
American frozen foods company. Every day, our well-loved brands nourish
families so they can flourish and thrive. Read more
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