10 Best Food Stocks To Buy Under $20

7. WK Kellogg Co. (NYSE:KLG)

Stock Price: $18.11

Number of Hedge Fund Holders: 21

WK Kellogg Co. (NYSE:KLG) is a food company that manufactures, markets, and distributes branded ready-to-eat cereal. Its product offerings promote consumer health and well-being and are diversified across the cereal sub-categories of balance, taste, and wellness. Its brand portfolio includes Frosted Flakes, Special K, Froot Loops, Raisin Bran, Rice Krispies, Corn Flakes, and others. Its subsidiaries include 1906 Foreign Trading LLC and Kashi LLC.

WK Kellogg Co. (NYSE:KLG) was spun off from Kellanova, its parent company, in 2023 to become a pure-play North American cereal manufacturer. Due to its focus, the company grew its EBITDA by 7% in fiscal year 2024, streamlining its operations in the process. The company also has a 3.2% dividend yield, making it an attractive investment.

WK Kellogg Co. (NYSE:KLG) recently launched its new marketing model and is seeing the benefits of its improved abilities through better return on investment. The company also plans to make supply chain modernization its strategic priority. It takes the seventh spot on our list of the 10 best food stocks.