Ferrero Group to Acquire Kellanova’s (K) Sister Company WK Kellogg for $3.1 Billion

Kellanova (NYSE:K) is one of the best alternative meat stocks to invest in according to analysts. On July 22, the company announced that it is on track to eliminate FD&C synthetic colors from all U.S. products by the end of 2027, with school foods transitioning by the 2026–2027 academic year.

Ferrero Group to Acquire Kellanova’s (K) Sister Company WK Kellogg for $3.1 Billion

Already, 80% of its retail items and 95% of K-12 offerings are free of these additives, reflecting strong progress in its clean-label initiative. The company has revamped key product lines like Eggo, Nutri-Grain, RXBAR, and Morningstar Farms to exclude artificial colors. For remaining items, Kellanova is actively exploring natural alternatives that preserve taste and texture, reinforcing its commitment to healthier ingredients without compromising quality.

Kellanova (NYSE:K) is a global snacking and frozen foods company. It was formed in 2023 following the split of the Kellogg Company. Through its MorningStar Farms division, the company offers alternative meat products, including Chik’n nuggets & tenders, burgers, sausage & bacon-style strips, corn dogs, and other familiar meat-style products. It launched the Incogmeato line in 2019 to deliver refrigerated and frozen plant-based burgers, bratwurst, Italian sausage, and Chik’n items that mimic the texture of meat.

While we acknowledge the potential of Kellanova (NYSE:K) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than K and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.